Boeing To Deliver 140 Aircraft To China in 2014

Boeing Company said it delivered a record number of aircraft to China last year and expects to deliver a similar number of planes this year as growth in the world's second largest economy creates demand for air travel.

Deliveries to China this year will be in the range of 140 aircraft after delivering a record 143 aircraft last year, Marc Allen , president of Boeing China, said today in Beijing. Boeing , based in Chicago , who delivered a record 648 aircraft worldwide , more than 230 orders for new aircraft is also secured from the country last year, he said.

Boeing 787-8 Dreamliner of China Southern Airlines

Boeing 787-8 Dreamliner of China Southern Airlines

Asian growth is the solicitation of orders for Boeing and Airbus Group ( AIR) with China forecast to supplant the U.S. as the largest market in the world by the year 2032 , forecasting the European planemaker in September. China's economic expansion is helping air travel available to more people , increasing the demand for aircraft carriers , such as Air China Ltd. ( 1055 ) and China Southern Airlines Co.

" Wow , a year really fantastic," Allen said. " What I'm even more excited is that we see a path. Announce today that I hope to maintain that pace in 2014 and for the foreseeable future."

Sales and production are increasing as aircraft carriers worldwide take advantage of low-cost financing to replace older models with fuel-sipping jet newer . 1,355 net orders in 2013 Boeing was the second highest annual sales and an increase of 1,338 a year earlier.

Biggest Market of Asia

China Southern, the Guangzhou -based company which is Asia 's largest airline by passenger numbers , took delivery of 37 aircraft last year , according to Boeing 's website . That was the second best among carriers in the world, lagging behind only American Airlines 39, according to the website.

Boeing shares rose 0.9 percent to $ 141.67 in New York trading yesterday. China Southern rose 0.4 percent to HK $ 2.86 as of 9:46 am in Hong Kong. Air China rose 1.2 percent to HK $ 5.21.

Of the 230 orders Boeing won in China last year , 130 were business and lease the rest of the airlines, Allen said. A third of those ordered by the airlines have already gone through the government approval process said.

" The low-cost airlines in China is a great story to emerge in 2013 ," Allen said. "We will bring in more staff to China, experts in the field , to work with the low cost carriers that are starting up. "

Qingdao Airlines, a newly established private airline in China , last year agreed to buy 23 Airbus aircraft in a deal valued at $ 2.3 billion transaction , based on list prices . Loong Zhejiang Airlines, recently approved by the regulator, also agreed with the European plane maker to buy new aircraft. Assembled Airbus single-aisle aircraft in a factory in Tianjin, near Beijing.

China is moderating aviation regulations and increase infrastructure spending is forecast as companies that require more than 5,000 aircraft over the next 20 years. International Travel China will grow at an annual , faster than the 6.8 percent expansion for domestic travel , according to Boeing rate of 7.2 percent in the next 20 years.

Boeing has delivered eight Dreamliner while Hainan China Southern Air has six Allen said. Xiamen Air to take delivery of its first 787 this year, Air China will have its first 787-9 in 2015 , he said.