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China needs to order hundreds more planes: Avolon CEO

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Mr Slattery says he hopes to grow the merged Avolon-Bohai company's balance sheet to US$40b in the next five to seven years, from US$22b now, and become one of the top three air lessors in the world.

Beijing

CHINA, which needs US$1 trillion worth of aircraft over the next 20 years, has under-ordered by some 750 planes over the next decade, the chief executive officer of lessor Avolon Holdings Ltd said, suggesting that more orders lie ahead for Boeing Co and Airbus Group SE.

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