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BEIJINGChinese aircraft manufacturer COMAC released its 2020-2039 market forecast on 26-Nov-2020. The company predicts that China's aviation market will need 8725 new passenger aircraft with 50 and more seats, with a market value of USD1.3 trillion, over the next 20 years. 

COMAC expects delivery of 50-seat and above turbofan regional aircraft to be around 920, 5973 narrowbody aircraft with 120 seats and more, and 1868 widebody aircraft with 250 seats and more. The average annual growth of the fleet is expected at 4.1% and average passenger growth is forecast to be around 4.3% between 2020 and 2039. By 2039, China's passenger traffic will account for 20% of total global traffic, with a fleet of 9641 aircraft.#
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