Demand in China

BEIJING - Hello from China where I’ve just unveiled the Current Market Outlook for this rapidly expanding nation. Over the next 20 years, we’re forecasting that China will need 5,260 new airplanes with a price tag of $670 billion. Incredibly, more than 75 percent of the demand will come for growth instead of replacement.

One of the main drivers of this growth is the fact that more people in China are traveling outside the country. That’s why it is not surprising to see how successful to 777 has been in this market. And the 787 Dreamliners for China Southern will be key in the airline’s international routes.

image/photo

Here’s me and the team in China.

Tourism within China will also help fuel a strong demand for single-aisle aircraft. The 737 MAX is perfectly positioned for these in-country trips since it will be the most fuel-efficient, capable airplane with the lowest operating costs in the single-aisle segment.

I’d also like to take a moment to thank our customers and partners in China as we celebrate 40 great years of working together. Way back in 1973, the first Boeing jet—a 707—was delivered to China. Since then, we’ve built our supplier base in China and launched joint ventures to benefit the entire aviation industry. China has been and will continue to be the most dynamic aviation market and we look forward to providing our customers there the best products to keep them successful.

It has been a while since I included a photo for you foodies. So I’ll close with this image of steamed seafood dumplings I enjoyed this week.

image/photo

Comments (2)

Frank (England):

I have to say when marketeers from the various aircraft manufacturers use wooly, ill-defined terms such as "most fuel efficient", capability, "optimised" and so forth, I am left wondering why set standards cannot be adopted in order that true measures can be established. Would be interested in knowing your take on this Randy.

Norman (Long Beach, CA):

Congrats on 40 years of Boeing jets in China. Boeing is in a great place to be in China as the Chinese economy continues to grow and new airlines in the country find a need for 130 passenger and up aircraft.

Post a comment

We welcome your comments. However all comments are moderated and may not post immediately. Offensive or off-topic comments will not be posted. We will not treat any comments you submit as confidential information. Please do not submit comments that contain any confidential information belonging to anyone else.

By submitting a comment to Randy's Journal, you agree to our site terms and privacy policy, and to having your name displayed with your comment. All or part of your comment may be posted or cited in the blog. Your name and personal information will not be used for any other purpose, and we will not publish your e-mail address.

 

More posts