Airbus Reports: China needs over 5,300 new aircraft in the next 20 years
Toulouse, France December 12 2014 (STAT):- According to Airbus forecasts China will need over 5,300 new passenger aircraft and freighters from 2014 to 2033, with a total market value of US$ 820 billion. It represents 17 per cent of the world total demand for over 31,000 new aircraft in the next 20 years.
John Leahy, Airbus Chief Operating Officer Customers commented, “Domestic passenger traffic in Mainland China has more than quadrupled over the last 10 years, and it will become the world’s number one aviation market within the next 10 years. Airbus’ share of the in-service fleet of aircraft over 100 seats on the Chinese mainland has reached 50 per cent in 2013. In the next 20 years, the greatest demand for passenger aircraft will come from China.”
China will become the leading country for passenger air traffic, for both domestic and international markets as the passenger traffic in China will grow well above the world average.
By 2033, the domestic Chinese market will remain the largest flow, representing 11.9 per cent of world traffic in terms of RPK.