Boeing:China To Account For 40% Of Asia Orders In Next 20 Yrs

[Coventina]

Source: Wall Street Journal

HONG KONG (Dow Jones)--Aircraft maker Boeing Co. (BA) expects orders from Chinese airlines to account for around 40% of its forecast of 8,960 commercial jet orders from Asia over the next 20 years, a senior Boeing executive said Wednesday.

Randy Tinseth, Boeing's vice president of marketing for its commercial aircraft division, said on the sidelines of the Asian Aerospace conference that he expects China's domestic passenger market to grow faster than any other market, at 8.6% annually between 2009 and 2028.

By contrast, the Chicago-based company expects the North American market to grow just 2.5% a year, and the intra-Europe market to grow 3.4% annually, as measured in revenue passenger kilometers, a key metric for gauging passenger revenue.

For the Asia-Pacific region as a whole, Boeing expects annual growth of 6.9%, and said the region will likely overtake North America as the world's largest air travel market in less than 10 years.

Read more: http://online.wsj.com/article/BT-CO-20090909-703158.html

[maxsolomon]

1. Every time Boeing is called "Chicago-based"

it kills this Seattleite.

[Coventina]

2. I know. Poor Mr. Boeing, if he knew what has been done to his co.

*sigh*