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Boeing Expects to Sell More Planes to China

  • China will need 6,810 new aircraft over the next 20 years
  • New planes in China estimated to be valued at $1.025 trillion
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Boeing Co. lifted its forecast for aircraft demand in China in the next two decades, saying a rising middle class would spur leisure and business travel.

The planemaker projects demand in China for 6,810 aircraft valued at $1.025 trillion, making the nation the first trillion-dollar aviation market in its forecast, Boeing said in a statement distributed in Beijing Tuesday. The aircraft maker last year predicted China would need 6,330 new planes worth $950 billion in the next two decades.