China Rapidly Becoming World’s Largest Aviation Market

Boeing Co. recently announced that airlines in China are projected to spend more than $1 trillion on new airplanes over the next 20 years, in order to meet the country’s booming demand for air travel. 

Boeing estimates 6,810 new aircraft purchases in China in the next twenty years, up 7.6 percent from its previous projections. 

Boeing predicts that three-quarters of new deliveries will be single-aisle aircraft that carry between 90 and 230 passengers. 

Demand for wide-body planes also will increase, with 1,560 new planes expected to triple the country’s fleet over the next two decades.

The report also noted that air cargo is expected to become a key driver for the continuous growth of aviation in China supported by the country’s growing e-commerce business, which already is the largest in the world.