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Boeing raised its forecast for aircraft demand in China

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The Rise Of Chinese Jets – ARJ21, C919, C929, C939 | COMAC’s Answer To Boeing And Airbus! Description video: Subscribe today!\n\nLink to the video mentioned: http://english.comac.cc/Galleries/Video/\nReverse Thrust Avaition (check them out!): https://bit.ly/35PjKA3\n\nWe will explore the chinese aviation market and the […]

The Rise Of Chinese Jets – ARJ21, C919, C929, C939 | COMAC’s Answer To Boeing And Airbus!

Description video:
Subscribe today!\n\nLink to the video mentioned: http://english.comac.cc/Galleries/Video/\nReverse Thrust Avaition (check them out!): https://bit.ly/35PjKA3\n\nWe will explore the chinese aviation market and the four chinese jets that will rival Boeing and Airbus for the next century, everything from small regional jets to lumbering craft to rival the Boeing 747 and Airbus A380. What are they? what will they be like to fly? And why the west hates them. Let’s crack open this fortune cookie and find out. \n\nThe aviation market is made up of two big players – Boeing and Airbus (and embraer) but soon, there might be a third player who rivals the two friendly giants – COMAC. \n\nCOMAC, which stands for the Commercial Aircraft Corporation of China. Essentially China’s economy is snowballing so much that they need to ensure they have their own aviation industry to keep up with demand.\n\nChina plans to build an extra 200 airports over the next 15 years to cope with the relentless growth spurt. And only last year, Boeing’s own Commercial Market Outlook projections said China would require 8,090 new passenger aircraft plus related aviation services over 20 years — a market worth $2.9 trillion.\n\nWhat does COMAC stand for?\nThere is the ARJ21, which stands for Advanced Regional Jet, nicknamed the Soaring Phoenix. \nThen there are the three brothers, the C919, C929, and the C939. C stands for COMAC, 9 for forever and the last two digits for how many tens of passengers it can carry. \n\nThe ARJ21 had its first flight in 2008, but it took seven years to be delivered to customers. 32 are currently flying across China, and there are 208 reported orders. There are two versions, a 90 seater -700 and a 105 seater -900. The base model only has a range of 1,200 nautical miles, which is the equivalent of the first Boeing 737 from 1967, but there is an optional upgrade to boost it up to 2000 nautical miles. While small, as its designed for regional travel in china, it doesn’t require to the distance—Thats for the next series. \n\nNext up, we have the C919, equivalent to the Boeing 737 and the Airbus A320. there is only one version, that can seat 168 passengers in an all economy layout, or 158 with business class. Its has simular engines as the Boeing 737 MAX series which allow it a range of 2,200 nautical miles. Again, there is an extended range version that can push this up to 3,000. This aircraft will be popular and has already secured 1008 orders. \n\nSide note: orders for these aircraft need to be taken with a grain of salt, as they are nearly all from either Chinese carriers who owned by the government and encourage to purchase locally made aircraft, nations in developing regions and engine manufacturers like GE. No western nation has shown interest in them yet – but we will get to that later. \n\nNext up we have the C929 or the Craic CR929. It has two names because of its a joint venture between COMAC and the Russian United Aircraft Corporation, or UAC. This aircraft is an attempt to replicate the success of the Airbus A330 and Boeing 787.\n\nThe aircraft would fit up to 291 passengers with two classes or up to 440 with a single seating class. Or… it could even fit all of my current subscribers! If you want to get on the Chinese plane, hit that subscribe button down below and i’ll be sure to send you a ticket! There will be three versions of the plane, progressively offering more seats for less range. \n\nSpeaking of, It will have a range of 6,480 nautical miles, 12,000km, and the two partners believe that there will sell 1000 of these aircraft over the next 10 years for a total investment of 13-20 billion. \n\nNow for the last and most significant of the aircraft, the C939. Now very little is known about this aircraft, or if it even is built in the age of Boeing 747 retirings and Airbus A380 production line shutting down. \n\nWhat we do know is that the C939 will seat over 400 passengers in a twin-engine, twin aisle configuration, much like the biggest 777X and the Airbus A350. It could even be expanded to the same size as the 747, although at this point all these ideas are irrelevant, because outside of China they may find few customers. \n\nPart of the reason why Chinese made aircraft are not popular is because of the engines. at the moment, China can’t produce the same level of quality jet engines – for all of these projects they will need GE, Rolls Royce or others to power their aircraft. And it doesn’t just stop with the engines. \n\nPlus, if your an airline and you ordered the aircraft – how will you maintain them? China doesn’t have a worldwide spanning maintenance and parts network that airlines can easily access. Unless you on the border of the nation, it will be very expensive to operate these aircraft, and likely you will suffer the same fate as Interjet and their Russian made regional jets. \n\nThanks so much for watching!

Boeing raised its forecast for aircraft demand in China

Boeing Co has raised its forecast for aircraft demand in China for the next 20 years. The park is expected to grow more slowly than last year.

Boeing raised its forecast for aircraft demand in China

Chinese carriers will need 8,090 new aircraft by 2038, up 5.2% from last year’s Boeing forecast. Based on current prices, the total cost of aircraft will be almost $ 1.3 trillion.

Last year, Boeing predicted a 6.2% rise in demand for new aircraft in the country to 7,690 aircraft through 2037..

«A growing middle class, significant investment in infrastructure, and advanced technologies that make aircraft more efficient continue to drive huge demand for air travel», – said Randy Tinset, vice president of commercial marketing at Boeing.

Boeing and its European rival Airbus have fought to increase market share in China, the fastest growing aviation market in the world. The factories of both of the aforementioned aircraft designers will soon be opened in the Middle Kingdom.

It is worth noting that global flight cancellations on Boeing 737 MAX after two fatal accidents has limited the ability of Chinese airlines to expand capacity, while weak travel demand reduces passenger traffic amid economic slowdown.

Boeing projects a need for 5,960 new single-seat aircraft over the next 20 years, representing 74% of total new shipments. China’s wide-body fleet will need 1,780 new aircraft, tripling the country’s current wide-body fleet.

China will also need about $ 1.6 trillion in commercial services for its aircraft fleet during this period..