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Boeing sees China buying 3,710 planes over next 20 years


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 cargo plane navión m de carga

cargo plane navion-cargo m

cargo plane cargo n
 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 One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time.

(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed.

In the USA and Canada, 10^12.
 dollars.

"China will continue to be the fastest-growing aviation center in the world, requiring 41 percent of the entire Asia-Pacific region airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air.  demand. This makes China the largest market outside of the US for new commercial airplanes," said Randy Tinseth, Boeing Commercial Airplanes Boeing Commercial Airplanes is a unit of The Boeing Company, based in Renton, Washington consisting of the Seattle-based former Boeing Airplane Company (the civil airliner division), as well as the Long Beach-based Douglas Aircraft division of the former McDonnell Douglas  vice president of marketing.

Boeing predicted that growth in China's air travel and air cargo air cargo: see aviation.  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 This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
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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 quad·ru·ple  
adj.
1. Consisting of four parts or members.

2. Four times as much in size, strength, number, or amount.

3. Music Having four beats to the measure.

n.
 its total freighter fleet size.
Copyright 2008 AFP Global Edition
No portion of this article can be reproduced without the express written permission from the copyright holder.
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Author:AFP
Publication:AFP Global Edition
Date:Oct 29, 2008
Words:314
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