The next 20 years the Republic of China will need five thousand aircrafts worth up to $ 600 billion.

Thus, by 2030 China will become the second largest aviation market in the world.

This is the forecast of experts from American Aircraft Corporation Boeing.

Among the reasons for this rapid growth in demand on cruise vehicles, airline specialists called the rapid economic development of China, the country’s trade expansion, continued growth of personal well-being of the Chinese and the liberalization of Chinese market.

According to preliminary estimations of experts from Boeing, five thousand new aircrafts, which will required by China, 4180 will cover the needs of the increasing demand.

And the other ships will replace the old ones.

American Air Corporation Analysts believe that the next 20 years the number of international flights operated by Chinese air carriers will grow rapidly and will exceed the number of domestic flights.

In March 2011, it was reported that China’s holding HNA Group plans to buy new planes from Airbus and Boeing.

Soon, the signing of several agreements and memorandums on understanding is expected.

Dassault Aviation S.A. and Gulfstream Aerospace and are also considered among aircraft manufacturers.

The holding HNA Group consists of 11 airlines.

Group diversifies its investments by directing investments in airports, hotels and other sectors of the economy.

According to the International Air Transport Association, the volume of international passenger traffic in China will grow by 10.4% per year.

Until 2014 Chinese market will show the highest growth rates in the world.

Recall that in January 2011, China has agreed to purchase 200 aircrafts of Boeing.

Expected delivery dates are 2011 and 2013.