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China is expected to need 7,240 new planes over the next 20 years, valued at nearly 1.1 trillion U.S. dollars, said Boeing in its latest market outlook, released Wednesday in Beijing.
China’s fleet size is expected to grow at a pace faster than the world average. Almost 20 percent of global new airplane demand will be from airlines based in the country, said Boeing in its annual China Current Market Outlook (CMO).
Boeing has projected a global demand of 41,030 new commercial airplanes over the next 20 years, valued at 6.1 trillion U.S. dollars.
“China’s continuous economic growth, significant investment in infrastructure, growing middle class and evolving airline business models support this long-term outlook,” said Randy Tinseth, vice president of Marketing at Boeing Commercial Airplanes.
Boeing adjusted China’s expected airplane demand higher by 6.3 percent compared with last year’s forecast.
It predicted that China will need 5,420 new single-aisle airplanes through 2036.
According to the CMO, full-service airlines and low-cost carriers have been adding new single-aisle airplanes and expanding new point-to-point services to cater to both leisure and business travel demand in China and throughout Asia.
“China’s outbound travel market continues its rapid growth toward 200 million passengers annually,” said Tinseth. More than 50 percent of all the commercial jetliners operating in China are Boeing airplanes, according to Boeing.
According to the company, China has a component role for every current Boeing commercial airplane model. Over 9,000 Boeing airplanes fly around the

Article source: https://pakobserver.net/china-needs-7240-new-planes-next-20-years-boeing-forecast/

The significance of the final flight depends on who is asked.

Biscoe admitted he got a little teary watching the flight crew, which included Lt. Col. Craig Tommila, a veteran C-5 pilot who has flown thousands of hours on the plane, and Col. Howard Clark, vice commander at Westover.

Biscoe, who grew up outside Boston, said he was 12 when he first saw a C-5A jet and it hooked him in.

“I love this plane, I love what it can do and I’ll miss that sound,” he said.

He isn’t the only one who will miss the high-pitched whine of the older engine. The new engines have been compared to the distant drone of a vacuum cleaner.

Lt. Col. Jordan Murphy lamented the departure.

“A lot of us who are airplane folks are going to miss the TF39 engine whine,” Murphy, the 439th Airlift Wing Maintenance Squad commander, said in an earlier interview.

Article source: http://www.masslive.com/news/index.ssf/2017/09/last_c-5a_galaxy_jet_in_the_ai.html

If United Technologies closes the deal reached Monday to buy Rockwell Collins for about $23 billion, it will become a giant in aerospace systems — a prospect that worries Boeing.

“We intend to take a hard look at the proposed combination of United Technologies and Rockwell Collins,” Boeing said in a statement Tuesday. “Until we receive more details, we are skeptical that it would be in the best interest of — or add value to — our customers and industry.”

In an unusually strong declaration, Boeing went on to threaten that if it decides that the deal damages its interests, it may renegotiate existing contracts with the two suppliers or ask regulators to block the deal.

Article source: http://www.seattletimes.com/business/boeing-aerospace/boeing-scowls-at-big-deal-by-suppliers-united-techonologies-and-rockwell/

•   It Never Rains But It Pours

A combination of fears about North Korea, bad weather and a sputtering economy battered stock markets and drove the prices of haven assets such as bonds and gold higher. Factory orders fell by 3.3% in July, their biggest monthly drop since 2014. The Federal Reserve’s Lael Brainerd warned that stubbornly low inflation could stop the central bank raising interest rates further, something that hit bank stocks particularly hard as the Dow had its worst day in nearly three weeks. The warning also hit Japan’s Nikkei, which fell to a four-month low on the prospect of a stronger yen-dollar rate, coupled with rising tensions over North Korea. WSJ, subscription required

• Irma La Not-So-Douce

Miami announced a partial evacuation and officials closed Key West aiport as Hurricane Irma approached. Since Sunday, storm path projections from the National Oceanic and Atmospheric Administration have shown Irma moving farther west than initially forecast. The most recent model shows the storm headed toward Cuba and possibly southern Florida this weekend. Officials said it still wasn’t possible to say whether, or where, it could strike. Stocks in reinsurers were battered by fears about their ability to

Article source: http://fortune.com/2017/09/06/ceo-daily-wednesday-6-september/

Industrial conglomerate United Technologies Corp. reached a deal to buy airplane-parts maker Rockwell Collins Inc. for $23 billion, in the biggest aerospace deal in history.

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Both companies’ boards have approved a deal in which United Technologies will pay $140 a share in cash and stock, according to people familiar with the matter. Rockwell investors will get $93.33 a share in cash and the remaining $46.67 in United Technologies stock, the people said.

The price is an 18% premium to where Rockwell traded before word of a potential deal first surfaced early last month, and 30% above where the stock ended July.

The deal would be the biggest aerospace deal ever, followed by United Technologies’ 2012 acquisition of Goodrich Corp. for about $16.5 billion, according to Dealogic.

It promises to reshape the market for aerospace parts and could be a harbinger of a breakup of United Technologies in the years following integration, according to people familiar with the company’s plans.

–Robert Wall contributed to this article.

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Industrial conglomerate United Technologies Corp. reached a deal to buy airplane-parts maker Rockwell Collins Inc. for $23 billion, in the biggest aerospace deal in history.

Both companies’ boards have approved a deal in which United Technologies will pay $140 a share in cash and stock, the companies said late Monday. Rockwell investors will get $93.33 a share in cash and the remaining $46.67 in United Technologies stock.

The price is an 18% premium to where Rockwell traded before word of

Article source: http://www.foxbusiness.com/features/2017/09/04/united-technologies-to-buy-rockwell-collins-for-23-billion.html

US aircraft manufacturer Boeing has projected a worldwide need for 41,030 new commercial airplanes over the next 20 years valued at $6.1 trillion dollars.

Boeing’s annual China Current Market Outlook (CMO) was released yesterday (September 6) in Beijing, with total airplane demand rising 6.3 per cent over last year’s forecast.

Boeing projects a demand for 7,240 new airplanes in China  over the next 20 years valued at nearly $1.1 trillion dollars.

“China’s continuous economic growth, significant investment in infrastructure, growing middle-class and evolving airline business models support this long-term outlook,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “China’s fleet size is expected to grow at a pace well above the world average, and almost 20 per cent of global new airplane demand will be from airlines based in China.”

Single-aisle airplanes continue to be the foundation of domestic and regional fleets in China. Boeing sees the need for 5,420 new single-aisle airplanes through 2036, accounting for 75 per cent of the total new deliveries. Full-service airlines and low-cost carriers have been adding new single-aisle airplanes and expanding new point-to-point services to cater for both leisure and business travel demand in China and throughout Asia.

Tinseth said the backlog from Chinese customers demonstrates that the new 737 MAX 8 remains at the heart of the single-aisle market.

Boeing forecasts the widebody fleet over the next 20 years will require 1,670 new airplanes. Airlines continue to shift to small and medium widebody airplanes for long-haul expansion and flexibility. Primary demand for very large widebodies going

Article source: https://www.albawaba.com/business/pr/boeing-sees-global-aircraft-market-61-trillion-1018750