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Planemaker COMAC expects China’s share of global passenger fleet to rise By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO – The C919, China’s domestic passenger plane, takes off on October 24th from Shanghai Pudong International Airport. Picture taken October 24, 2019. REUTERS/Stringer

ZHUHAI, China (Reuters) – Chinese planemaker Commercial Aircraft Corp of China (COMAC) said on Tuesday it expected China’s share of the global passenger aircraft fleet would rise to 22% by 2040 from 20% in 2020.

The latest market prediction stated that 41,429 passengers jets with a value of $6.2 trillion would be delivered to the world over 20 years.

According to the planemaker, passenger demand worldwide is forecast to increase by on average 3.9% per annum and 5.7% in China over 20 years.

Airshow China is the largest airshow in China. The prediction was made public.

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