Boeing's China Fleet Growth Skyrockets

China Embraces Boeing for Fleet Expansion

By 2043, China is expected to increase its commercial aeroplane fleet by more than double, as the aviation industry grows and upgrades to meet the rising need for passenger and cargo air travel. This information is from Boeing's 2024 Commercial Market Outlook (CMO) for China, which provides a long-term forecast of the demand for commercial aeroplanes and related services.

"China's commercial aviation market for passengers and cargo continues to expand, driven by economic growth and airlines building their in-country networks," said Darren Hulst, Boeing vice president of Commercial Marketing. "As this forecast shows, China's airlines will see strong demand, requiring further growth of their modern fuel-efficient fleets."

The commercial fleet in China is expected to grow at an annual rate of 4.1%, increasing from 4,345 to 9,740 aeroplanes by 2043. In addition, the annual passenger traffic growth rate of 5.9% is projected to exceed the global average of 4.7%, as reported by the CMO. This increase in passenger volumes will be supported by airlines expanding their networks to connect major hubs with smaller cities.

The China CMO forecast through 2043 also predicts:

• Air travel in China is projected to become the world's largest traffic flow, propelling growth in the single-aisle fleet, which represents more than three-quarters of deliveries.
• China is projected to have the largest widebody fleet in the world, requiring 1,575 new widebody aeroplanes.
• China's freighter fleet, which includes dedicated and converted models, is set to almost triple due to increased demand driven by the booming e-commerce sector.

Additional aviation industry growth potential:

• Chinese airlines will require $780 billion in aviation services to support their expanding fleet, including digital solutions, maintenance, and modifications.
• Its airline industry will need to recruit and train almost 430,000 new staff to support additional pilots, maintenance technicians, and cabin crew.

Boeing aeroplanes have been an integral part of China's civil aviation for over 50 years, serving both passenger and cargo transportation systems. China's aviation manufacturing industry counts Boeing as its largest customer, with over 10,000 Boeing aeroplanes equipped with parts made in China. Boeing's presence in China contributes over $1.5 billion annually to the country's economy through direct support, including suppliers, joint ventures, operations, training, and research and development investments.