Boeing (NYSE:BA), “China to be 1st $1-T Aviation Market

Boeing (NYSE:BA), “China to be 1st $1-T Aviation Market

Boeing (NYSE:BA), “China to be 1st $1-T Aviation Market

$BA

China will become the world’s !st aviation market to exceed US 1-T in value in 20 years, US airplane giant Boeing (NYSE:BA)forecast Tuesday.

It projected a demand for 6,810 new airplanes in the country over the next 2 decades, estimating the total value of the new aircraft at US$1.025-T.

“As China transitions to a more consumer-based economy, aviation will play a key role in its economic development,” Randy Tinseth, Vice President of Marketing with Boeing Commercial Airplanes, was quoted as saying in a company statement.

With travel and transportation becoming key services, passenger traffic is expected to grow 6.4% annually in China over the coming 20 years, he said.

China will need 5,110 new single-aisle airplanes through 2035, accounting for 75% of the total new deliveries, according to the statement.

Driven by China’s growing e-Commerce business, air cargo is expected to become a key driver for the continuous growth of aviation in the country, with a need for 180 new freighters and 410 converted freighters in the future, said the statement.

Globally, Boeing predicted investment of US$5.9-T for 39,620 new commercial airplanes to be delivered during the next 20 years, with China accounting for 17% of the total in both value and number.

HeffX-LTN Analysis for BA: Overall Short Intermediate Long
Bearish (-0.28) Bearish (-0.33) Bearish (-0.38) Neutral (-0.13)

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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