China will need 3,000 new passenger and cargo planes before 2025, Airbus says

15 February 2007

Toulouse, France, 15 Feb – China will need 3,000 new passenger and cargo planes before 2025, said European aircraft manufacturer Airbus in a statement published on its website.

According to the company, of the 3,000 aircraft needed, 2,650 will be passenger planes and will represent an investment of US$289 billion.

Airbus also said that China’s fleet of passenger planes would triple over the next 20 years, from 760 aircraft at the end of 2005 to 2,700 in 2025.

Air cargo is expected to increase six-fold with China needing 400 aircraft over the next 20 years, with domestic cargo rising at an annual average rate of 10.9 percent and international cargo 8.9 percent.

Referring to Airbus’ presence in the Chinese market, chairman John Leahy said that after its market share grew from 7 percent in 1995 to the current 35 percent, Airbus aimed to reach a market share of 50 percent in 2011. (macauhub)

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