Boeing to Boost China Plane Deliveries 50% to Meet Travel Demand
Boeing Co. (BA) will boost plane deliveries to Chinese customers by 50 percent this year to meet rising demand for air travel.
The planemaker will ship more than 120 aircraft to carriers in the country, up from 80 last year, Randy Tinseth, vice president of marketing at Chicago-based Boeing, said today in an interview with Susan Li on Bloomberg Television.
“We’ve seen strong domestic demand in China,” Tinseth said. “The fundamentals are strong.”
Boeing raised its 20-year demand forecast for China’s aircraft market last week, at least the fourth straight year in which the company has increased its estimate for the world’s second-biggest economy. The planemaker has maintained its sales target for India, where aircraft demand is withstanding a record drop in the value of the country’s currency, Chief Executive Officer James McNerney said Sept. 7.
Chinese demand for overseas travel is also rising, Tinseth said. The share of international traffic carried by Chinese airlines is expected to climb to 27 percent of the world’s total in 20 years from about 21 percent at present, he said.
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