Forget Cathay, head to CHINA.....!
CHINA will require more than 2600 airplanes worth $US213 billion ($277 billion) over the next 20 years, US aircraft maker Boeing said in its 2005 market outlook today.
Overall, Boeing expects China will become the world's second-largest aviation market after the US, flying a 3200-strong fleet of planes within 20 years.
Most of the expansion will be in single aisle aircraft such as the Boeing 737, the report said. Of the 2600 new jets, an estimated 1678 will be single aisle.
"The high demand for single aisle airplanes will be driven by an increasing affluence among Chinese people and an increased desire to travel within China and in neighbouring countries," said Randy Basdler, vice president of marketing for Boeing.
"Continued development of the country's aviation infrastructure and the opening of new airports throughout the country will also enable China's rapid domestic air travel growth."
Worldwide, Boeing projected that operators would invest $US2.1 trillion for approximately 25,700 new commercial airplanes in the next 20 years.
WOW factor, lets head to china, jobs for the young and old coming to a city near you. " Watch this space ! "
*** Aviation in itself is not inherently Dangerous. But to an even greater degree than the sea, it is terribly Unforgiving of any Carelessness, Incapacity or Neglect.........