Boeing China President: China's civil aircraft market has more potential in the future

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Editor's note:

　　Walk into a multinational enterprise in China, and listen to the CEO of the foreign enterprise talk about "opportunities for Chinese-style modernization" and explain "the way of economic globalization".

　　China News Service, October 27th:

　　China-Singapore Finance reporter Wu Tao

　　"With the great development of China's economy, China has now become Boeing's largest overseas civil aircraft market, and it has more potential in the future." Recently, Sherry Carbary, President of Boeing China, said in an exclusive interview with Zhongxin Finance that he is very optimistic about China. Civil aircraft market prospects.

　　Xie Lijia said that the civil aviation industry is one of the main symbols of economic development and an important force supporting economic development.

To date, Boeing has delivered more than 2,000 aircraft to Chinese airlines and leasing companies.

Boeing predicts that China's civil aviation industry will need to introduce nearly 8,500 new civil aircraft in the next 20 years.

The interview transcript is as follows:

Zhongxin Finance: 2022 marks the 50th anniversary of Boeing's entry into China. How does Boeing serve China's rapidly developing aviation market?

How will it match the pace of China's high-quality development in the future?

Xie Lijia:

Boeing and China have a long-term partnership for half a century.

In 1972, China Civil Aviation ordered the first batch of 10 Boeing 707 aircraft to renew the fleet and develop the international route network, which marked the entry of Boeing aircraft into the Chinese market.

　　Since 1972, we are very proud to witness and participate in the rapid development of China's economy.

For Boeing, China is not only a huge market, but also a very important partner.

Today, China's aviation industry is involved in the manufacture of all Boeing commercial aircraft models in production, including the 737, 747, 767, 777 and 787 Dreamliner.

　　We have been continuously expanding our solid and innovative partnership with China, which has so far covered the entire life cycle of aircraft manufacturing and operations, including the production of parts and components, aircraft completion and delivery, aircraft modification and repair, and aviation services, etc. each field.

　　Looking to the future, Boeing is actively investing in the talent that will inspire the aviation industry of the future.

Boeing launched the "Flying Dreams" aviation science education program in 2009, aiming to stimulate Chinese youth's interest in aviation so that they can join the aviation industry in the future.

For more than a decade, more than 140,000 students and thousands of teachers from 14 provinces and municipalities in China have participated.

Since 2017, this project has benefited more teachers and students in remote areas through both online courses and offline activities.

Zhongxin Finance and Economics: China insists on promoting high-level opening to the outside world and building Chinese-style modernization. As a world-renowned multinational company, from a global perspective, what new opportunities will China's new development bring to multinational companies such as Boeing?

Xie Lijia:

The civil aviation industry is one of the main symbols of economic development and an important force supporting economic development.

For 50 years, Boeing has been delivering industry-leading, energy-efficient aircraft to China.

　　We delivered the first 707 aircraft to China in 1973, matching the pace of China's rapid economic growth, and over the past 50 years, we have delivered more than 2,000 commercial aircraft to China's airline and leasing company users, the first batch of The delivery of 1,000 aircraft took 40 years, and the delivery of the second batch of 1,000 aircraft took just over 5 years.

Zhongxin Finance: At present, China has become Boeing's largest commercial aircraft market outside the United States.

What is Boeing's outlook for China's civil aviation market and what investment will it make?

Xie Lijia:

According to our latest 2022 "Civil Aviation Market Outlook", China's civil aviation industry will need to introduce nearly 8,500 new civil aircraft in the next 20 years. At the same time, China will need more than 545 billion US dollars worth of civil aviation services to support This huge development of the civil aviation fleet.

Boeing hopes to use its world-class products and services to help meet the future needs of China's civil aviation industry.

　　China's booming e-commerce and express delivery industry is a new and important economic growth point.

In this context, Boeing launched the Boeing 737-800 Boeing Converted Freighter (BCF) project in 2016 at the joint venture Shanghai Boeing Aviation Modification and Maintenance Co., Ltd. to convert retired passenger aircraft into freighter aircraft, on the one hand to prolong the service life of the aircraft, on the other hand Contribute to the sustainable development of the civil aviation industry.

Now, the project has set up more than a dozen modification lines and delivered more than 100 aircraft in China, with notable success.

Zhongxin Finance: You mentioned that more than 10,000 Boeing aircraft flying around the world currently use Chinese-made parts and components.

In terms of industrial chain coordination and high-quality aerospace composite material production, how can Boeing achieve further win-win results in the Chinese market?

Xie Lijia:

Boeing has established a cooperative relationship in the production of aircraft parts with many member units of the Aviation Industry Corporation of China and Shanghai Aircraft Manufacturing Company, a subsidiary of COMAC.

It can be said that the success of Boeing aircraft is also the success of China's aviation industry.

　　Tianjin Boeing Composites is Boeing's first joint venture in China and a model of our cooperation with Aviation Industry Corporation of China.

The company is mainly engaged in the manufacturing and assembly of high-quality aerospace composite parts, including primary structural parts, secondary structural parts and interior parts, and has delivered more than 1.6 million products so far.

Currently, Boeing Tianjin is undergoing a third-phase expansion in order to further increase production capacity.

　　Boeing has also established a Manufacturing Innovation Center in cooperation with the Aviation Industry Group, which has so far provided training to more than 10,000 Boeing supplier employees in China to help suppliers achieve the first batch of quality clearance and ensure a robust and high safety level of production systems .

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