ATR forecasts China will need 1,100 turboprops by 2037
ATR has released its first-ever market forecast focused on China, estimating the thus-far-non-existent market for regional turboprops will need 1,100 aircraft, worth US$25.6b, by 2037. The airframer calculates 25 passenger turboprops were in service in 2017. Last year, ATR signed letters of intent with Chinese customers for a combined 13 ATR 42-600s, but has yet to deliver the first one. Regional aircraft account for 2% of the country’s fleet, compared to a global average of 25%, and large aircraft being used on thin regional routes require subsidies, ATR said. Although hopes for massive sales in China have long failed to materialise, ATR predicts that, “in 2037, 87% of the regional and general aviation activity will come from newly created routes, calculated at a total of close to 2,200.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-08/general/atr-forecasts-china-will-need-1-100-turboprops-by-2037
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ATR forecasts China will need 1,100 turboprops by 2037
ATR has released its first-ever market forecast focused on China, estimating the thus-far-non-existent market for regional turboprops will need 1,100 aircraft, worth US$25.6b, by 2037. The airframer calculates 25 passenger turboprops were in service in 2017. Last year, ATR signed letters of intent with Chinese customers for a combined 13 ATR 42-600s, but has yet to deliver the first one. Regional aircraft account for 2% of the country’s fleet, compared to a global average of 25%, and large aircraft being used on thin regional routes require subsidies, ATR said. Although hopes for massive sales in China have long failed to materialise, ATR predicts that, “in 2037, 87% of the regional and general aviation activity will come from newly created routes, calculated at a total of close to 2,200.” <br/>
