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China's aircraft fleet to triple by 2030
China's aircraft fleet will more than triple in size by 2030, as a result of the country's fast economic growth, growing trade activity and increasing personal wealth, China Daily reported Thursday.
China will need 5,000 new commercial airplanes worth at $600 billion over the next 20 years, the English newspaper said, citing a report released Wednesday by the US aircraft manufacturer Boeing.
The company made the forecast after taking all factors affecting aviation into consideration, including high-speed railways, the newspaper quoted Tinseth, vice president of marketing at Boeing Commercial Airplanes, as saying.
Tinseth said high-speed rails will affect about 2 percent of China's domestic revenue passenger kilometers and it may also boost the country's economic development, which will benefit aviation.
Airplanes are expected to increase to 3,550 in the next 20 years, due to fast development of the domestic market, Boeing said.
Air passenger travel increased 16.1 percent year-on-year in 2010 and the average annual growth was 14.1 percent during the 11th Five-Year Plan period (2006-2010), according to data from the Civil Aviation Administration of China.
China's aircraft fleet to triple by 2030
China's aircraft fleet will more than triple in size by 2030, as a result of the country's fast economic growth, growing trade activity and increasing personal wealth, China Daily reported Thursday.
China will need 5,000 new commercial airplanes worth at $600 billion over the next 20 years, the English newspaper said, citing a report released Wednesday by the US aircraft manufacturer Boeing.
The company made the forecast after taking all factors affecting aviation into consideration, including high-speed railways, the newspaper quoted Tinseth, vice president of marketing at Boeing Commercial Airplanes, as saying.
Tinseth said high-speed rails will affect about 2 percent of China's domestic revenue passenger kilometers and it may also boost the country's economic development, which will benefit aviation.
Airplanes are expected to increase to 3,550 in the next 20 years, due to fast development of the domestic market, Boeing said.
Air passenger travel increased 16.1 percent year-on-year in 2010 and the average annual growth was 14.1 percent during the 11th Five-Year Plan period (2006-2010), according to data from the Civil Aviation Administration of China.
China's aircraft fleet to triple by 2030
