‘China will need more than 7 400 new aircraft in the next 20 years’
9 Nov 2018 - by
China will need over 7 400 new passenger aircraft and freighters from 2018 to 2037, with a total market value of US $1 060 billion, according to Airbus’s latest China Market Forecast. It represents more than 19% of the world total demand for over 37 400 new aircraft in the next 20 years.
“China is one of the most powerful growth engines of global air transport. It will become the world’s number one aviation market in the very near future,” said Christian Scherer, Airbus chief commercial officer.
Between 2018 and 2037, the average annual growth rate for all international traffic from/to mainland China is forecast to be 6.3 per cent.