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SEPTEMBER 2018

Week 37

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Boeing upgrades China aircraft demand by 6.2%

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September 14th 2018

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Global aircraft manufacturer, Boeing Commercial Airplanes, this week issued an updated aircraft demand forecast for Mainland China. Read More »

It said China would require 7,690 new aircraft, worth approximately US$1.2 trillion to 2037, which is 6.2% higher than last year’s forecast of 7,240 jets by 2036.

“The growth in China can be attributed to the country’s growing middle class, which has more than tripled in the last 10 years and is expected to double again in the next 10,” said Boeing Commercial Airplanes vice president of marketing, Randy Tinseth.

Tinseth forecast Chinese airlines would purchase approximately 1,620 wide body aircraft in the next two decades, which would triple the country’s long-haul fleet and add 6,070 new single-aisle jets to the Mainland aircraft portfolio. Boeing said China would account for 18% of the global commercial jet fleet by 2037, up from 15% in 2018.

Last month, Boeing issued its 2018 Asia-Pacific pilot and technician demand forecast which said the region would have the biggest global demand for new civil aviation staff in the next 20 years. The region is projected to account for 33% of the global requirements for pilots, 34% for technicians and 36% for cabin crew, with China being the biggest employer in the region of future airline crew.

Boeing said China would need 128,500 pilots, 126,750 technicians and 147,250 cabin crew to 2038. In the interim, Southeast Asia is forecast to require 48,500 pilots, 54,000 technicians and 76,250 cabin crew and South Asia 42,750 pilots, 35,000 technicians and 43,250 cabin crew.

“Strong demand for pilots in the region continues, and we expect that this will be so for the next several years,” said Boeing Global Services vice president of training and professional services, Keith Cooper. “Through our pilot training solutions, including the Pilot Development Program, we are helping to ensure a pipeline of pilots is ready to meet the industry's demand.”

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