Industry News
Boeing Forecasts Demand for Smaller, Low-cost Planes in China
Boeing, China’s leading provider of passenger air- planes, projects a demand in the country for 6,020 new airplanes over the next 20 years, valued at $870 billion. The company released its annual China Current Outlook
Market recently in Beijing which shows
Chinese carriers will take delivery of nearly 45% of the total demand for airplanes in the Asia Pacifi c region during the forecast period. This year’s forecast refl ects a continued shift in
demand from very large airplanes to effi cient new small and medium widebody airplanes. Worldwide, Boeing projects investments of $5.2 trillion for 36,770 new commercial
airplanes to be
delivered during the next 20 years. China accounts for more than 16% of the total demand in terms of both new deliveries and market value. Today, Boeing jets are the mainstay of China’s air
travel and cargo system. More than 50 percent of all the commercial jetliners operating in China are Boeing air- planes. The complete forecast is available at
www.boeing. com/commercial/cmo/
index.html.
Equipment Financing Industry Reports Lackluster Confi dence Level
The confi dence level of the equipment leasing and
fi nancing industry was lackluster in August compared to the previous month. Activity in September and October are expected to indicate whether 2015 will be a year of exceptional or limited growth. The Equipment Leasing & Finance Foundation recently
released its August 2014 Monthly Confi dence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827 billion equipment fi nance sector. Overall, confi dence in the equipment fi nance market is 58.9, easing from the previous two months’ indexes of 61.4. The respondents are comprised of a wide cross section of industry executives, including large-ticket, middle- market and small-ticket banks, independents and captive equipment fi nance companies. The survey uses the same pool of 50 organization leaders to respond monthly to ensure the survey’s integrity. Since the same organizations provide the data from month to month, the results constitute a consistent barometer of the industry’s confi dence.
54 ❘ October 2014 ®
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