Boeing slightly raises China 20-year demand outlook to 8,560 new planes

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Boeing slightly raises China 20-year demand outlook to 8,560 new planes
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SHANGHAI, Sept 20 ― Boeing today slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic...

SHANGHAI, Sept 20 ― Boeing today slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel.

In June, the company said it remained “very bullish” on China, which would make up 20 per cent of the global market for air travel. The US planemaker said China's fleet would more than double to nearly 9,600 jets over the next 20 years and its domestic aviation market would be the largest in the world by the end of the forecast period, with demand for 6,470 single-aisle planes such as the Boeing 737 MAX family.

“As China's economy and traffic continue to grow, Boeing’s complete line-up of commercial jets will play a key role in helping meet that growth sustainably and economically.”

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