China's aviation market will need 950 new regional carriers in the next 20 years, predicted Embraer (Brazilian Aeronautics Company) Thursday at the Zhuhai air show. The 950 additional aircraft will be further divided into 20 with 30 to 60 seats, 425 with 61 to 90 seats and 505 with 91 to 120 seats. China's heavy investment in high-speed railway will quicken the aviation business to make some changes to adapt to stiffer competition, where regional carriers will hold the key, noted Embraer. The Brazilian firm has received 105 orders of small planes from China since 2000, becoming a leading manufacturer of commercial aircraft with less than 120 seats for the local market. Boeing predicted in early November that China would have to purchase 4,330 aircraft valued at $480 billion increasing the nation's fleet size to 5,180 in the next 20 years.

 

Source: http://www.yicai.com/news/2010/11/604347.html

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
C-M-O-D-O AUTHENTIC SITE PayPal
@2014 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate