Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Secondary Navigation
Singapore
Asia Pacific
World
Search
Search:
Boeing sees China buying 3,710 planes over next 20 years
AFP - Thursday, October 30
NEW YORK (AFP) - - US aerospace giant Boeing said Wednesday it sees the booming China aviation market producing orders for 3,710 new commercial aircraft over the next 20 years.
Chinese demand for passenger and cargo planes will be worth about 390 billion dollars, Boeing said in its 2008 Current Market Outlook report.
Worldwide, Boeing predicted demand for 29,400 new planes by 2027, for a total price tag of 3.2 trillion dollars.
"China will continue to be the fastest-growing aviation center in the world, requiring 41 percent of the entire Asia-Pacific region airplane demand. This makes China the largest market outside of the US for new commercial airplanes," said Randy Tinseth, Boeing Commercial Airplanes vice president of marketing.
Boeing predicted that growth in China's air travel and air cargo market would lead to growth that more than triples to 4,560 airplanes by 2027.
The company noted that the market would be roughly equivalent to the number of airplanes currently in Europe.
Single-aisle airplanes will lead the demand -- accounting for 70 percent of the new purchases, or 2,600 planes -- as the country adjusts to its fast-growing domestic market, the US company said.
Demand for intermediate twin-aisle planes would yield about 780 airplane orders.
The combined single-aisle and twin-aisle market would represent 91 percent of the 390-billion-dollar market, Boeing said, referring to its single-aisle Next-Generation 737 and its twin-aisles, the new 787 Dreamliner and the 777.
The demand for larger aircraft to connect to China with other major world destinations will be limited to about 100 planes, Boeing said, cited its 747 plane "and larger."
European arch-rival Airbus has banked its strategy on the super-jumbo A380, the world's largest commercial aircraft, first delivered in October 2007 to Singapore Airlines.
Boeing noted that China's cargo markets lead the global industry and forecast that Chinese air carriers would add about 370 freighter airplanes by 2027, quadrupling its total freighter fleet size.
Email Story
IM Story
Printable View
Blog This
Recommend this article
Average (1 vote)
Sign in to recommend this article »
Most Recommended Stories »
Related Articles: China's Economy
T-bill demand rises, interbank lending rates slipAP - Thursday, October 30
Starbucks joins with Project RED drinks promotionAP - Thursday, October 30
Global stock markets mainly higher on credit easingAFP - Thursday, October 30
Hundreds in Spain protest Nissan job cutsAFP - Thursday, October 30
Related Articles: Business
Dollar loses ground and pumps up oil pricesAP - 1 hour 37 minutes ago
T-bill demand rises, interbank lending rates slipAP - Thursday, October 30
World stocks mostly higher as Fed cuts rateAP - Thursday, October 30
Qwest 3Q profit down; will cut 1,200 jobsAP - Thursday, October 30
Wyeth latest drugmaker to narrow focus of researchAP - Thursday, October 30
Enlarge Photo
Boeing sees China buying 3,710 planes over next 20 years
Related Photos
Slideshow Full Photo Coverage: Business & Economy
Related Full Coverage
China Economy
china economy
All Full Coverage
Most Popular – Business
Viewed
When men see red, they see hot: study
World's fattest man weds friend's widow
Obama set for prime-time appeal to voters
Desperate pleas end in despair as starlet's nephew found dead
Australian central bank intervenes as dollar falls again
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology