^

Business

Boeing sees China's air fleet tripling in 20 years

The Philippine Star
September 5, 2013 | 5:31pm

BEIJING — Boeing Co. says it expects China's airlines to triple the size of their fleets over the next two decades, driven by strong economic growth and rising tourism spending.

In an annual sales forecast, Boeing said Thursday that purchases by Chinese carriers should grow by 7 percent a year through to 2032. It said China should account for one-sixth percent of global sales.

Seattle-based Boeing said it expects Chinese carriers to buy 5,580 planes for $780 billion.

Boeing and European rival Airbus Industrie, a unit of European Aeronautic Defense and Space Co., are looking to China's growing market to drive sales.

 

AIRBUS INDUSTRIE

BOEING

BOEING AND EUROPEAN

BOEING CO

CARRIERS

CHINA

CHINESE

EUROPEAN

EUROPEAN AERONAUTIC DEFENSE AND SPACE CO

SALES
  • Latest
  • Trending
Trending
Latest
Trending
abtest
abtest
Trump threatens to take back control of Panama Canal

Trump threatens to take back control of Panama Canal

1 day ago
Incoming US president Donald Trump on Saturday slammed what he called unfair fees for US ships passing through the Panama...
Business
fbtw
Google counters bid by US to force sale of Chrome

Google counters bid by US to force sale of Chrome

1 day ago
Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address antitrust concerns by barring...
Business
fbtw

Poor business model

By Boo Chanco | 15 hours ago
The Metro Manila condo oversupply, now equivalent to 34 months, is not surprising.
Business
fbtw
Nomura: BSP likely to deliver three rate cuts in early 2025

Nomura: BSP likely to deliver three rate cuts in early 2025

By Keisha Ta-Asan | 15 hours ago
The Bangko Sentral ng Pilipinas (BSP) will likely implement a series of 25-basis-point (bp) rate cuts during its first three...
Business
fbtw
ACEN allots P70 billion for capex in 2025

ACEN allots P70 billion for capex in 2025

By Brix Lelis | 15 hours ago
Ayala-led ACEN Corp. is allocating P70 billion in capital expenditure (capex) next year to fuel its growth and further strengthen...
Business
fbtw
Latest
abtest
Mang Inasal grilling up for aggressive expansion

Mang Inasal grilling up for aggressive expansion

By Richmond Mercurio | 15 hours ago
Mang Inasal, Jollibee Group’s casual dining brand, is cooking up an aggressive expansion plan that will see its store...
Business
fbtw
ADB OKs $500 million loan for employment recovery

ADB OKs $500 million loan for employment recovery

By Louella Desiderio | 15 hours ago
The Asian Development Bank (ADB) has approved a $500-million loan to the Philippines to support employment recovery through...
Business
fbtw
Pets, poultry to fuel rise in corn imports

Pets, poultry to fuel rise in corn imports

By Jasper Emmanuel Arcalas | 15 hours ago
The growing demand for pet food and sustained poultry expansion would drive the country’s corn import in the current...
Business
fbtw
Bacolod City awards first 4PH building

Bacolod City awards first 4PH building

15 hours ago
Bacolod City made history as the first local government unit in the Philippines to hand over a completed 4PH housing bui...
Business
fbtw
ACMobility takes over electric vehicles charger locator

ACMobility takes over electric vehicles charger locator

By Elijah Felice Rosales | 15 hours ago
The automotive unit of the Ayala Group has acquired a startup that promotes the shift to electric vehicles by pointing drivers...
Business
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with