Suppliers Weight Risk, Reward Of China

[ErnstBlofeld]

Aviation Week and Space Technology:

 

China’s emergence as the world’s second largest economy plays out in many ways, including the possibility it will lead a fragmentation of the traditional Airbus and Boeing duopoly that provides airlines on all continents with most of their jets.

 

Boeing’s own forecast for the Asia-Pacific region underscores that potential. In the aggregate, China leads a region that is expected to buy $1.1 trillion worth of large new jets during the next 20 years—more than North America, Russia, the Middle East, Latin America and Africa combined. At 7.9%, China’s air travel growth is top-of-the-world. Some analysts even expect it to lead the world’s private aircraft orders within a decade. This is not news to aviation suppliers; they’ve been pouring into China since the 1990s.

 

 

Edited September 23, 2010 by Rheo
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