Boeing Forecasts Strong Growth in China’s Aviation Market Despite Near-term Challenges
Boeing expects China’s airlines to acquire 8,600 new aircraft valued at $1.4 trillion and commercial aviation services valued at $1.7 trillion over the next 20 years, reflecting an expected robust recovery following the COVID-19 pandemic. Boeing shared its annual China market forecast today as part of the 2020 Commercial Market Outlook (CMO), which shows anticipated demand for commercial airplanes and services. China’s rapidly growing middle class, increased economic growth and growing urbanization are all factors in the Boeing forecast, suggesting the country will lead passenger travel globally in the next few years. Managing director, China Marketing, Boeing Commercial Airplanes Richard Wynne said “Not only has China’s recovery from COVID-19 outpaced the rest of the world, but also continued government investments toward improving and expanding its transportation infrastructure, large regional traffic flows, and a flourishing domestic market mean this region of the world will thrive.”
China Express receives first ARJ21 aircraft
China Express Airlines and Commercial Aircraft Corporation of China, Ltd. (COMAC) held a signing ceremony of 100 China-made commercial aircraft and delivery ceremony of B-650P the first ARJ21 aircraft in Chongqing on November 10th, 2020.
GAMECO completes first 737-800BCF conversion
GAMECO announced the completion of the first 737-800 Boeing Converted Freighter (BCF) at GAMECO’s Guangzhou facility. The conversion was completed on 15 October several days ahead of schedule, and comes roughly four months after GAMECO launched its BCF conversion program in June. With an increase in e-commerce and express cargo driving higher demand for freighters, Boeing is taking steps to increase capacity at its freighter conversion lines to meet customer needs. In September, GAMECO and Boeing announced they would open a second 737-800BCF conversion line at GAMECO’s Guangzhou facility.
Meggitt PLC signs SMARTSupport® contract with Shandong Airlines in China
Meggitt PLC has secured a 3 year contract with leading China-based operator Shandong Airlines for the supply of maintenance and repair services the Boeing 737NG. The SMARTSupport® contract will be supplied out of Meggitt’s Services & Support regional centre of excellence in Singapore. This is the first SMARTSupport®LTA Meggitt has completed in China.
SF Airlines Co. Ltd. and GAMECO Signing a Strategic Cooperation Framework Agreement
GAMECO and SF Airlines Co., Ltd signed the Strategic Cooperation Framework Agreement on aircraft overhaul, line maintenance, component repair, engineering services, technical training and parts manufacturing etc. in Shenzhen.
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