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China to require 4,330 new commercial jets in next 20 years: Boeing.

Taipei, Nov. 12, 2010 (CENS)--Boeing Co. of the United States, a leading aircraft maker, recently forecasted that China would require 4,330 new commercial airplanes valued at US$480 billion over the next 20 years, according to Boeing's local public-relations partner Ketchum Public Relations Taiwan

The aerospace maker said that the bulk of new deliveries expected to be for fuel-efficient, single-aisle airplanes. Over the forecast period, Boeing said, China would triple in airplane fleet size, making it the largest airplane market outside of the U.S.. Boeing forecasted that 71% of China's demand will be for single-aisle airplanes, with total deliveries reaching 3,090.

Intermediate twin-aisles such as the Boeing 787 Dreamliner and 777 would see approximately 890 airplane deliveries, the company said. When combined, the single-aisle and intermediate twin-aisle market will make up 92% of China's total delivery revenue. Demand also will include a limited number of large airplanes (747-size and larger) to connect China with other major world destinations. The market forecast calls for about 70 airplanes in that category.

With China's cargo markets leading the global industry, Boeing said, Chinese air carriers would add about 330 freighter airplanes by 2029. China's total fleet of freighter airplanes would more than triple in size.

Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, noted that there are more than 5,700 Boeing airplanes flying throughout the world with parts and assemblies built by China. China has a role on all of the Boeing commercial airplane models [TEXT NOT REPRODUCIBLE IN ASCII] 737, 747, 767, 777, and the newest and most innovative airplane, the Boeing 787 Dreamliner.

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Author:Liang, Quincy
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9CHIN
Date:Nov 12, 2010
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