Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Planemaker COMAC expects China's share of global passenger fleet to rise

Published 09/28/2021, 02:48 AM
Updated 09/28/2021, 02:50 AM
© Reuters. FILE PHOTO: The fifth prototype of China's home-built C919 passenger plane takes off for its first test flight from Shanghai Pudong International Airport in Shanghai, China October 24, 2019. Picture taken October 24, 2019. REUTERS/Stringer

ZHUHAI, China (Reuters) - Chinese planemaker Commercial Aircraft Corp of China (COMAC) said on Tuesday it expected China's share of the global passenger aircraft fleet would rise to 22% by 2040 from 20% in 2020.

Its latest market forecast said 41,429 passenger jets worth $6.2 trillion are expected to be delivered globally over the next 20 years.

© Reuters. FILE PHOTO: The fifth prototype of China's home-built C919 passenger plane takes off for its first test flight from Shanghai Pudong International Airport in Shanghai, China October 24, 2019. Picture taken October 24, 2019. REUTERS/Stringer

Passenger demand is expected to rise by an average of 3.9% a year globally and 5.7% a year in China over the next 20 years, the planemaker added.

The forecast was released at Airshow China, the country's biggest air show.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.