CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. China Is Fastest-Growing Aviation Market, According To Boeing

China Is Fastest-Growing Aviation Market, According To Boeing

by Mary Swire, Tax-News.com, Hong Kong

31 October 2008


Boeing, the world-renowned aircraft manufacturer, predicts that China will become the world's second largest aviation market over the next two decades and will require 3,710 more planes to meet the growing demand for air travel.

This puts China's aviation sector second only to North America's, which currently has the biggest demand for commercial aircraft in the world.

The total number of planes expected to be in use within the country by 2028 is estimated at 4,650 - which is set to cost the country a colossal USD390bn. It is thought that around 70% of the planes requested by China will be single-aisle aircraft, with the rest being made up of twin-aisle planes such as Boeing's new 787 'Dreamliners' or Airbus 330s.

With China's cargo markets leading the global industry, Chinese air carriers will add about 370 freighter airplanes by 2027, quadrupling its total freighter fleet size, according to Boeing.

"China will continue to be the fastest-growing aviation center in the world, requiring 41% of the entire Asia-Pacific region airplane demand. This makes China the largest market outside of the US for new commercial airplanes," commented Randy Tinseth, Boeing Commercial Airplanes vice president of marketing, in a media statement.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »