Next week, I’ll be unveiling our updated Current Market Outlook—Boeing’s 20 year forecast for global airplane demand. Without giving too much away, it’s safe to say that China will once again figure very prominently in our report.
If you haven’t noticed, Chinese airlines have been buying single-aisle airplanes at a rapid rate. This year alone, our Chinese customers have committed to buy 205 737s, including more than 100 737 MAXs. At current list prices, all of those airplanes are valued at more than $19 billion.
2014 Commitments from China
Donghai Airlines: 25 737s
Shandong Airlines: 50 737s
Nine Air: 50 737s
China Eastern Airlines: 80 737s
Those Chinese customers are keeping our Renton employees very busy. Last year alone, Chinese airlines took delivery of about one out of every three 737s built.
737s bound for Chinese customers can be seen almost every day on the flightline at Boeing Field.
As China’s middle class keeps growing—and flying—airlines are making decisions about which airplanes to buy. That’s why we have to be so competitive in this crucial market, working closely with our Chinese customers and enhancing our partnerships there.
We thank all of our customers in China for their business and look forward to growing right alongside them.