The China effect

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.

image/photo

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.

Comments (3)

Norman Garza (Long Beach, CA):

I have never heard or seen of the three closest airlines in the picture but they are sure colorful and reminds me of the late nineties when smaller airlines dominated the Chinese market. The orders for the 737 are phenomenal.

Ji Li (Portland, OR):

With C919 coming up from COMAC, what is the % of China's single aisle market share that has been directed to COMAC now and what is Boeing's projection for the % to be in 5-10 years?

Amit Patel (cary nc):

Thanks Randy. What is the rate of demand increase for the Chinese demand for plane orders relative to the rest of the world? I assume much faster or at a similar pace? The backlog is still increasing from what you guys as a company see?
I'm wondering as orders in 2014 lag the 2013 orders at this point.

Thanks

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