Boeing Goes Long In China

Boeing recently delivered their 2,000th airplane to a Chinese operator, a 737 MAX for Xiamen Airlines. The milestone and the pace at which it was reached reflect the accelerating growth in the world’s largest commercial aviation market. Boeing is investing significant resources in China.

Boeing delivered its first 1,000 airplanes to Chinese airlines over four decades. The next 1,000 Boeing jets have now been delivered over the past five years. The rapid pace continues as one in four Boeing-made commercial jet goes to a Chinese operator, either through direct purchase or lease.

Boeing is counting on China to be the future of aviation.
“We are deeply honored to have achieved this delivery milestone in close partnership with our great partners in China. Our long-standing industrial relationship in this market has been mutually beneficial, fueling significant growth in Boeing’s business, the U.S. economy, and the Chinese aviation industry,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing of The Boeing Company.

Xiamen Airlines is one of Boeing’s more than 30 commercial customers in China. In all, Boeing-made jets comprise more than half of the greater than 3,000 jetliners flying in the country.

Boeing says China’s commercial fleet is expected to more than double over the next 20 years. Boeing forecasts that China will need 7,690 new airplanes, valued at $1.2 trillion, by 2038.
Boeing also forecasts China will experience strong growth in the commercial services market with demand growing $1.5 trillion over the next 20 years, accounting for 17 percent of world demand.

China also plays a major role in building the world’s jetliners. The Chinese aerospace manufacturing industry supplies parts for every Boeing jet, including the 737 MAX, 777, and 787 Dreamliner. In December, Boeing and the Commercial Aircraft Corp. of China(COMAC) are set to deliver the first 737 MAX airplane from a completion and delivery center in Zhoushan, China. The facility will handle interior work and exterior painting of 737 MAXs for the Chinese market. Final assembly work will continue to be done at Boeing’s factory in Renton, Wash.