When it comes to commercial aircrafts, China’s appetite seems to only increase every year as its air traffic continue to increase due to the increase in the travel trips aided by increasing number of Chinese middle class who are willing to travel to New places and also spend money.
As the biggest commercial aircrafts market in the world, China in 2021 received 142 commercial aircrafts from Airbus which is an increase of more than 40% year-on-year. To think that only one company was able to deliver 142 commercial aircraft into Chinese market, shows how big the Chinese market has become.
The increased air travel in China is due to the fact that the Chinese government managed to put covid-19 pandemic under control early than any other country in the world which led to resumption of businesses and air travel.
This figure accounted for over 23% of Airbus global delivery. The increase in production of aircrafts was due to the fact that the new Airbus Asia’s assembly line was completed and it delivered 53 A320 aircrafts in 2021.
In 2008 during the financial crisis, the Airbus which is a European aircraft maker inaugurated A320 family’s final assembly line in Tianjin China. By the end of 2021, the Airbus Tianjin A320 family assembly line has produced 555 aircrafts.
According to Airbus forescast in November 2021, the global commercial aircrafts market is expected to recover to pre-covid 19 pandemic levels between 2023 and 2025 and will be led by single aisle aircraft segment.
China is expected to be single engine driver of the recovery of commercial aircraft market in the world. Its said that China will need around 8,200 new commercial aircrafts between 2020-2040, accounting for more than 20% of global demand.