Boeing Dreamliner 787 Air China aircraft are in final assembly at the company's North Charleston, South Carolina facility.
Travis Dove | Bloomberg | Getty Images
Boeing has raised its forecast for China's demand for aircraft for the next 20 years on Tuesday, based on the expectation of robust demand for air traffic, but the growth of the new fleet will be slower than forecast by the aircraft manufacturer last year.
Chinese Airlines will require 8,090 new aircraft by 2038, 5.2% more than forecast by Boeing last year. This would be worth
according to list price almost 1
Last year, Boeing predicted an increase in demand for new aircraft by 6.2% to 7,690 aircraft for the period up to 2037.
"An Expanding Middle Class" Randy Tinseth, Vice President of Commercial Marketing at Boeing, said that major investments in infrastructure and advanced technologies that make aircraft more efficient and efficient continue to generate tremendous demand for air travel. "Boeing and his European rival Airbus in China, the fastest-growing aviation market in the world, to gain market share with the opening of both factories in the country.
However, the global foundation of the Boeing 737 MAX fleet after two fatal accidents has limited
Chinese airlines are expanding capacity, with lower demand for travel pushing passenger revenue in a weakening economy Over the next 20 years, 74% of total new deliveries will be made
while 1,780 new aircraft will be required for China's large-capacity fleet which is tripling the current size of the country's large-capacity fleet.
China will also need commercial services worth approximately $ 1.6 trillion for its fleet of aircraft over the period, Boeing said.