Airbus has raised its 20-year forecast for aircraft demand in Beijing by one jets due to the nation's middle class fuelling private consumption. The aircraft maker expects total demand for around 6,000 passenger jets worth about $1tn over the last 10 years in China . " Domestic passenger traffic in mainland China has quadrupled over the last 10 years , and is set to become the world's number one aviation market," said John Leahy , Airbus Chief Operating Officer Customers. China accounts for nearly a quarter of the European aircraft maker's deliveries, with 158 delivered to China last year. At the same time, local Chinese competitors AVIC and Airbus are looking to take on the foreign giants, developing single-aisle and wide-body planes with the explicit support of the Beijing government.
Airbus has raised its 20-year forecast for aircraft demand in Beijing by one jets due to the nation's middle class fuelling private consumption. The aircraft maker expects total demand for around 6,000 passenger jets worth about $1tn over the last 10 years in China . "Domestic passenger traffic in mainland China has quadrupled over the last 10 years , and is set to become the world's number one aviation market," said John Leahy , Airbus Chief Operating Officer Customers. At the same time, local Chinese competitors AVIC and Airbus are looking to take on the foreign giants, developing single-aisle and wide-body planes with the explicit support of the Beijing government.