Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE BOEING COMPANY

(BA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Boeing : Forecasts China's 20-year Commercial Airplane Market Valued at Nearly $1.5 trillion; With demand for 8,700 new airplanes, commercial fleet expected to double by 2040; Widebody demand in China expected to be 20% of global deliveries

09/24/2021 | 11:40am EDT

BEIJING-Boeing [NYSE: BA] forecasts that China's airlines will require 8,700 new airplanes by 2040, valued at $1.47 trillion, to meet expanding commercial air travel demand.

The 20-year forecast reflects the China market's rebound and further evolution of its airline business models. Boeing shared the China forecast as part of the 2021 Commercial Market Outlook (CMO), the company's long-term forecast of demand for commercial airplanes and services.

China's economic fundamentals lay the foundation for healthy air traffic increases, including 4.4% annual economic growth and a middle-income demographic that will double by 2040, according to the CMO. By 2030, China's domestic passenger market will exceed intra-European traffic; by 2040, China's domestic traffic is expected to also exceed air travel within North America.

The CMO also forecasts that China's civil aviation industry will require more than 400,000 new aviation personnel by 2040, including pilots, technicians and cabin crew. Boeing's commitment to China involves investing in people who will power the future of aviation, such as training nearly 100,000 Chinese aviation professionals and employing more than 2,500 Boeing employees. Across its businesses, training, supply chain and other activities, Boeing's presence and partnerships in China contribute more than $1.5 billion annually to the economy.

'The rapid recovery of Chinese domestic traffic during the pandemic speaks to the market's underlying strength and resilience,' said Richard Wynne, managing director, China Marketing, Boeing Commercial Airplanes. 'In addition, there are promising opportunities to significantly expand international long-haul routes and air freight capacity. Longer term, there is the potential for low-cost carrier growth to further build on single-aisle demand.'

The 2021 China CMO includes these projections through 2040:

Annual passenger traffic growth of 5.4%, similar to the 2020 forecast.

Two-thirds of deliveries supporting China's aviation industry growth and one-third of deliveries for fleet replacement, which will move airlines toward more sustainable, fuel-efficient airplane models.

Single-aisle jets account for nearly 6,500 deliveries; widebody deliveries, including passenger and cargo models, will total 1,850, accounting for 44% of demand by value.

According to the CMO, a nearly $1.8 trillion commercial aviation services market opportunity exists in the region.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Boeing has built a half-century partnership with China based on mutual trust and respect. Today, Boeing leads the industry in providing the most advanced passenger airplanes, freighters and services to Chinese customers. China also has a component role on every current Boeing commercial airplane model. More than 10,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies. Learn more at www.boeing.com.

Contact:

Yukui Wang

Boeing China Communications

+86 10 59255505

yukui.wang@boeing.com

Brianna Jackson

Boeing Communications (Seattle)

+1 206-512-7388

brianna.jackson@boeing.com

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about THE BOEING COMPANY
03:08aBOEING CO : Goldman Sachs remains its Buy rating
MD
10/27Boeing posts Q3 loss as problems dog airliner, space capsule
AQ
10/27Industrials Down After Durable-Goods Orders, Earnings -- Industrials Roundup
DJ
10/27Durable Goods Orders Post Less Than Anticipated Drop as Transportation Equipment Declin..
MT
10/27BOEING CO Management's Discussion and Analysis of Financial Condition and Results of O..
AQ
10/27U.S. companies to keep prices high as supply chain headaches persist
RE
10/27U.S. business spending on equipment strong; auto shortages sink exports
RE
10/27Boeing ekes out small profit after aviation volumes ramp up
AQ
10/27BOEING CO : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obl..
AQ
10/27Boeing CEO Sees Supplier Constraints Lasting Until 2023
MT
More news
Analyst Recommendations on THE BOEING COMPANY
More recommendations
Financials (USD)
Sales 2021 65 260 M - -
Net income 2021 81,3 M - -
Net Debt 2021 46 707 M - -
P/E ratio 2021 866x
Yield 2021 -
Capitalization 121 B 121 B -
EV / Sales 2021 2,58x
EV / Sales 2022 1,76x
Nbr of Employees 141 000
Free-Float 57,9%
Chart THE BOEING COMPANY
Duration : Period :
The Boeing Company Technical Analysis Chart | BA | US0970231058 | MarketScreener
Technical analysis trends THE BOEING COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 206,61 $
Average target price 269,95 $
Spread / Average Target 30,7%
EPS Revisions
Managers and Directors
David L. Calhoun President, Chief Executive Officer & Director
Brian J. West Chief Financial Officer & Executive Vice President
Lawrence W. Kellner Non-Executive Chairman
Gregory L. Hyslop Chief Engineer, EVP-Engineering, Test & Technology
Susan Doniz Chief Information Officer & SVP-Data Analytics
Sector and Competitors
1st jan.Capi. (M$)
THE BOEING COMPANY-1.99%121 378
AIRBUS SE22.52%100 169
TEXTRON INC.49.93%15 856
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.25.50%8 683
DASSAULT AVIATION SA0.33%8 675
AVICOPTER PLC-4.93%5 498