China to need over 3,750 jumbo jets by 2029

November 16th, 2010 - 3:22 pm ICT by IANS  

Beijing, Nov 16 (IANS) China will need more than 3,750 jumbo jets to meet market demand by 2029, the Commercial Aircraft Corporation of China (COMAC) said, adding it had struck deals to deliver 100 of its jumbo jets to Air China and five other airlines.

Over the next 20 years, air passenger volume in China will be the fastest growing in the world. It will expand at an annual 7.7 percent compared with a 5.2-percent growth rate for the global average, reported Xinhua citing a COMAC report.

The report was released at the eighth China International Aviation and Aerospace Exhibition that began Tuesday in Zhuhai city in south China’s Guangdong Province.

The demand for aircraft in China by 2029 will total more than $450 billion in value, or about 13 percent of the world total.

During the exhibition, also known as Airshow China, COMAC said it had struck deals to deliver 100 of its C919 jumbo jets to Air China and five other domestic and overseas airline companies.

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