Jul 24, 2024 07:42 PM
BUSINESS
China to Be Top National Market for Aircraft in the Coming Two Decades, Boeing Predicts
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
A Boeing 737 Max painted in the original Boeing livery performs a flight demonstration at the Farnborough International Airshow in the U.K. on July 16, 2018. Photo: VCG
China is expected to be the largest national market for commercial airplane deliveries through 2043, Boeing Co. said, as the U.S. company resumed deliveries of its cash-cow 737 Max jets to Chinese airlines after a two-month pause.
Boeing predicts 43,975 new commercial airplanes will be delivered globally over the next 20 years, according to its 2024 Commercial Market Outlook released Friday. That’s up from last year’s forecast of 42,595 aircraft.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- China will be the largest market for commercial airplane deliveries through 2043, with purchases expected to reach 8,830 aircraft.
- Boeing forecasts global deliveries of 43,975 new commercial airplanes over the next 20 years, driven by a recovery in air travel demand.
- The resumption of 737 Max deliveries to China after a two-month halt helps improve Boeing's finances amid supply chain and production challenges.
AI generated, for reference only
Who’s Who
- Boeing Co.
- Boeing Co. is a major U.S. aircraft manufacturer that anticipates delivering nearly 44,000 new commercial airplanes globally by 2043. China is expected to be its largest market, with 8,830 planes. Despite supply chain issues and a recent two-month pause in 737 Max deliveries to China, Boeing resumed deliveries, providing financial relief for the company. Challenges include skilled labor shortages and raw material supply constraints.
- 9 Air
- 9 Air is a Chinese budget carrier that received a 737 Max from Boeing in June, marking the first delivery of this jet type by the U.S. company to a Chinese airline since April. This resumption of deliveries to Chinese airlines comes after a roughly two-month pause.
- Xiamen Airlines Co. Ltd.
- Xiamen Airlines Co. Ltd. recently took delivery of a 737-8 aircraft from Boeing, marking the resumption of such deliveries to Chinese airlines. This move is significant amid Boeing's efforts to revive its operations and finances following a regulatory pause in China.
AI generated, for reference only
What Happened When
- January 2024：
- Boeing has slowed production amid concerns about its manufacturing safety standards tied to the Alaska Air 737 Max door blowout.
- April 2024：
- Boeing delivered the last 737 Max to a Chinese airline before a roughly two-month pause.
- June 2024：
- Boeing delivered a 737 Max to Chinese budget carrier 9 Air, the first delivery of this type since April 2024.
- Friday, July 19, 2024：
- Boeing released its 2024 Commercial Market Outlook.
- Saturday, July 20, 2024：
- Xiamen Airlines Co. Ltd. took delivery of a 737-8 from Boeing.
- Wednesday, July 23, 2024：
- A Boeing spokesperson confirmed the resumption of the China 737 Max deliveries.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新