New York — Boeing expects China to more than double its commercial aeroplane fleet by 2043, the company said in its 2024 Commercial Market Outlook for China.
As China's aviation industry expands and modernizes it will increase its capacity to meet growing demand for passenger and cargo air travel, the report said.
As per the company's Commercial Market Outlook, China's commercial fleet will grow 4.1% annually, from 4,345 to 9,740 airplanes by 2043, and its annual passenger traffic growth of 5.9% will exceed the global average of 4.7%.
According to the company's report, air travel in mainland China will grow 5.2% annually, creating the world's largest traffic market. There is a demand for 8,830 new planes over next 20 years, with about 60% of the demand driven by growth and 40% by the need to replace older jets with more fuel-efficient models.
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