Skip to main content
Advertising

Originally published September 5, 2013 at 5:58 AM | Page modified September 5, 2013 at 6:12 AM

  • Share:
           
  • Comments (2)
  • Print

Boeing sees China's air fleet tripling in 20 years

China's airlines are likely to triple the size of their fleets over the next two decades, driven by strong economic growth and rising tourism spending, Boeing Co. said Thursday.

The Associated Press

Most Popular Comments
Hide / Show comments
What Boeing does next will determine Boeing Future. Boeing may miss the boat if Boeing... MORE
cont from below Air China Places Order for 100 Airbus SAS Aircraft www.airport-int.... MORE

advertising

BEIJING —

China's airlines are likely to triple the size of their fleets over the next two decades, driven by strong economic growth and rising tourism spending, Boeing Co. said Thursday.

Boeing and European rival Airbus Industries are looking to China to drive sales as growth in demand cools elsewhere. China's economic growth fell to a two-decade low of 7.5 percent in the latest quarter but that still was well above forecasts for the United States and Europe.

Purchases by Chinese carriers should rise 7 percent a year through to 2032, totaling 5,580 planes for $780 billion, Boeing Co. said in an annual sales outlook. It said that should account for one-sixth of global sales.

The outlook represents an increase over last year's 20-year forecast of sales of 5,260 new airplanes valued at $670 million in 2012-2031.

"Tourism in China and intra-Asia travel will help spur a strong demand for single-aisle airplanes," the Seattle-based aircraft manufacturer said in a statement.

It said sales of wide-body planes should be driven by growth in long-haul traffic to and from China.

News where, when and how you want it

Email Icon

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►