Boeing says China needs 400 new freight planes by 2030

By Freddie Pierce
China is one of the worlds fastest growing economies, and in order to keep up its economic explosion, the country will need plenty of logistics pieces...

China is one of the world’s fastest growing economies, and in order to keep up its economic explosion, the country will need plenty of logistics pieces over the next several years.

China already leads the world in cargo growth, according to Boeing, but the company now estimates that air cargo traffic in the Asian nation will grow so quickly that China will need 400 new freight planes by 2030.

According to Boeing, jumbo-sized freighters like the Boeing 747-8F and 777F will be in the most demand. China is expected to take advantage of its forecasted logistics growth on its long-haul routes, according to Boeing Commercial Airplanes Vice President of Marketing Randy Tinseth.

“Sustained strong economic growth, growing trade activities, increasing personal wealth and income, as well as continues market liberalization will be the driving forces in shaping China’s air travel market,” Tinseth said in a statement.

“We expect China will be the second largest country taking new commercial airplane deliveries due to its air travel demand growing at an annual rate of 7.6 percent on average.”


Asian airlines grounded by IATA report

Supply chain retooling is Airbus’ greatest challenge

Check out September’s issue of Supply Chain Digital!

In addition to its need for 400 new freighters by 2030, one Boeing spokesman noted that the country will need 5,000 new commercial planes in the same time. Boeing officials are anticipating that the highest demand will come from its small- and medium-sized commercial aircraft, like its 777 series, which could account for more than 40 percent of future aircraft deliveries to China.

All told, the aircraft are valued at $600 billion, which should keep Boeing and Airbus busy for the next two decades.

Click here to download Supply Chain Digital’s iPad app!


Featured Articles

Digital twin technology is supply chain resilience boost

Mark Landry, Intelligent Industry Leader for Capgemini Americas, on how digital twin technology is helping to take supply chain resilience to next level

Andrew New–SCCL to speak at Procurement & Supply Chain LIVE

Andrew New, CEO of Supply Chain Coordination Limited (SCCL) for the NHS will be speaking at Procurement & Supply Chain LIVE LONDON

Supply chain global events, news and features round-up

Walgreens CPO Jim Townsend to speak at Procurement LIVE; Sustainability measurements lacking, says EY survey; Managing risk 'key' - Gartner Supply Chain

Automation 'is helping supply chain serve customer needs'

Digital Supply Chain

No going back on e-commerce - FedEx Express AMEA CEO


Behavioural science 'key to procurement change' - Loseby