China’s airlines will need 8,700 new planes in next 20 years, Boeing says, costing US$1.47 trillion

[onebyone]

China’s airlines will need 8,700 new planes in next 20 years, Boeing says, costing US$1.47 trillion

• Chinese airlines will need 8,700 new planes through 2040, 1.2 per cent higher than Boeing’s previous prediction of 8,600 planes made last year
• China’s domestic aviation market, although still vulnerable to sporadic local Covid-19 outbreaks, has more or less rebounded to pre-coronavirus levels

Boeing projected a need for nearly 6,500 new single-aisle planes over the next 20 years, while China’s widebody fleet, including passenger and cargo models, will require 1,850 new planes, accounting for 20 per cent of total deliveries. Photo: AFP


Boeing raised its forecast slightly on Thursday for China’s aircraft demand for the next 20 years, betting on the country’s quick rebound from the coronavirus and future growth in its budget airline sector and e-commerce.
Chinese airlines will need 8,700 new planes through 2040, 1.2 per cent higher than its previous prediction of 8,600 planes made last year.
Those planes would be worth US$1.47 trillion based on list prices, the US plane maker said in a statement.

China will need US$1.47 trillion worth of new planes by 2040, Boeing says

Chinese airlines will need 8,700 new planes through 2040, 1.2 per cent higher than Boeing’s previous prediction of 8,600 planes made last year.

www.scmp.com

 

[Beast]

This plane will eat up at least 2000 order from the 8700.

 

[Beidou2020]

This plane will eat up at least 2000 order from the 8700.

7,000 of the aircraft should be C919 and C929.

 

[Beast]

7,000 of the aircraft should be C919 and C929.

Easy bro, Buying US planes and Europe allow Chinese some leverage over them.

For example, why didn't US ban Leap C engine for C919? China will never buy a single plane from Boeing if that happened. In the past, not a single passenger plane is Chinese brand. And now, if 1/3 of Chinese market plane are Chinese. That is a very big achievement.

The breakeven number for a passenger plane to be sold is 600-800. Any plane sold more than a thousand numbers is already a huge success.

 

[Beidou2020]

Easy bro, Buying US planes and Europe allow Chinese some leverage over them.

For example, why didn't US ban Leap C engine for C919? China will never buy a single plane from Boeing if that happened. In the past, not a single passenger plane is Chinese brand. And now, if 1/3 of Chinese market plane are Chinese. That is a very big achievement.

The breakeven number for a passenger plane to be sold is 600-800. Any plane sold more than a thousand numbers is already a huge success.

Self sufficiency in semiconductor equipment, specialised software, scientific instruments and commercial aircraft parts are a must.

 

[DJ_Viper]

China’s airlines will need 8,700 new planes in next 20 years, Boeing says, costing US$1.47 trillion

• Chinese airlines will need 8,700 new planes through 2040, 1.2 per cent higher than Boeing’s previous prediction of 8,600 planes made last year

I have a question and it's a critical one. Pakistan now has good know how of aircraft industry, due to K-8 and JFT joint production. Why can't China outsource a few of parts manufacturing to Pakistan to create an industry? Imagine, even 8700 aircraft's seat production and some flooring and cabling would create an easy $ 15-20 billion industry in Pakistan. As the biggest partner of Pakistan, I think China owes it to Pakistan to stabilize her economy instead of just flooding it with everything Chinese.....

 

[nang2]

I have a question and it's a critical one. Pakistan now has good know how of aircraft industry, due to K-8 and JFT joint production. Why can't China outsource a few of parts manufacturing to Pakistan to create an industry? Imagine, even 8700 aircraft's seat production and some flooring and cabling would create an easy $ 15-20 billion industry in Pakistan. As the biggest partner of Pakistan, I think China owes it to Pakistan to stabilize her economy instead of just flooding it with everything Chinese.....

As Beast, when China wants some leverage over Pakistan, she probably would consider that.

 

[DJ_Viper]

As Beast, when China wants some leverage over Pakistan, she probably would consider that.

So right now, China doesn't care for leverage as it's got Pakistan already wrapped around it's fingers.......... interesting way to be "allies" with a nation. No wonder why Vietnam (an ex China ally) connecting with the US and the EU.

 

[nang2]

So right now, China doesn't care for leverage as it's got Pakistan already wrapped around it's fingers.......... interesting way to be "allies" with a nation. No wonder why Vietnam (an ex China ally) connecting with the US and the EU.

At the bottom, it is all about interests. It is more obvious between countries that do not share the same ideology.

 

[DJ_Viper]

At the bottom, it is all about interests. It is more obvious between countries that do not share the same ideology.

In other words, since Pakistan (a Muslim country) and China (a communist country) don't share the same ideology, therefor Pakistan has to be treated as a client state vs. a partner? Whatever happened to "friendship stronger than steel, higher than Himalayas and sweeter than Honey"??

 

[nang2]

In other words, since Pakistan (a Muslim country) and China (a communist country) don't share the same ideology, therefor Pakistan has to be treated as a client state vs. a partner? Whatever happened to "friendship stronger than steel, higher than Himalayas and sweeter than Honey"??

More like friends with benefits.

 

[DJ_Viper]

More like friends with benefits.

Interesting. Benefits to who? You are investing inti their country, using Chinese labor and flooding their markets and killing their economy with your products. Where is the benefit for Pakistan here? Poor country lost whatever economy it used to have (minus the real estate sector).

 

[nang2]

Interesting. Benefits to who? You are investing inti their country, using Chinese labor and flooding their markets and killing their economy with your products. Where is the benefit for Pakistan here? Poor country lost whatever economy it used to have (minus the real estate sector).

Of course to Chinese. The benefit to Pakistan is what Pakistanis should be concerned about, isn't it?

 

[Avicenna]

In other words, since Pakistan (a Muslim country) and China (a communist country) don't share the same ideology, therefor Pakistan has to be treated as a client state vs. a partner? Whatever happened to "friendship stronger than steel, higher than Himalayas and sweeter than Honey"??

Just look at AUKUS and you will get your answer as to what matter most at the end of the day.

 

[applesauce]

I have a question and it's a critical one. Pakistan now has good know how of aircraft industry, due to K-8 and JFT joint production. Why can't China outsource a few of parts manufacturing to Pakistan to create an industry? Imagine, even 8700 aircraft's seat production and some flooring and cabling would create an easy $ 15-20 billion industry in Pakistan. As the biggest partner of Pakistan, I think China owes it to Pakistan to stabilize her economy instead of just flooding it with everything Chinese.....

TF?

China "owes" pakistan nothing. they are friendly for sure, but one should never expect to be given things for free, pakistan is a friend of china, not some colony of china. As far as i know there is no directive that says the planes must be all built in china, heck the engines are american. so then the question isn't "Why can't China outsource a few of parts manufacturing to Pakistan", the question is, did Pakistani companies offer those seats and flooring to the plane makers in china or even ask about the potential to do so? moreover can they really complete? making military jets is not the same as making a civilian jet, otherwise the soviets/russians should have a massive civilian jet industry.