China will need 6103 new airliners in the next 20 years
Beijing - China will need an additional 6103 airliners in the next 20 years, according to a forecast released Thursday by the Aviation Industry Corporation of China (AVIC).
This new fleet will include 5120 wide-body aircraft and 983 regional aircraft, according to a report entitled by "China Civilian Market Outlook for Civil Aviation (2017-2036).
Over the next twenty years, the ratio of wide-body airliners in China's civilian fleet will increase due to accelerated trade expansion.
By the end of 2036, the number of the passenger aircraft will reach 7079, including 6065 medium and large aircraft and 1014 regional aircraft.
During the same period, the fleet of cargo aircraft on the Chinese civil aviation market will reach 748 aircraft.
The stable growth of the Chinese economy, tourism, urbanization and the modernization of consumption are the main factors in the growth of demand for aircraft, according to the report.
Over the next twenty years, the ratio of wide-body airliners in China's civilian fleet will increase due to accelerated trade expansion. The strong growth in international travel will also encourage airlines to purchase more wide-body aircraft.
The country's regional aviation market will also experience faster growth thanks to government support for the construction of more airports.
In 2016, passenger and freight volumes increased by 11.9% and 6.2% respectively over one year, reaching 488 million people and 6.68 million tonnes of goods.
At the end of 2016, the Chinese civil aviation fleet amounted to 2950 aircraft, namely 2818 airliners and 132 cargo aircraft. Net growth was 300 aircraft.
On May 5, China's first big single-aisle airliner, the C919, made its first flight. Its manufacturer, the Commercial Aircraft Corporation of China (COMAC), received 730 orders from 27 customers worldwide.
With a range of 4,075 km, the C919 is a rival to the new Airbus 320 and the latest generation Boeing 737.
China has invested heavily in the construction of commercial airliners.