Economics
Boeing Bets China Will Need $1.1 Trillion in Planes Over Next 20 Years
- China will need 7,240 new planes valued at about $1.1 trillion
- Narrowbody planes will account for majority of new demand
The Boeing production facility in Everett, Washington.
Photographer: David Ryder/BloombergThis article is for subscribers only.
Boeing Co. raised its 20-year forecast for aircraft demand in China as economic growth and an expanding middle class spur travel in the world’s most-populous nation.
China will need 7,240 new planes valued at almost $1.1 trillion in the two decades through 2036, Boeing said Wednesday. That compares with its projections last September for 6,810 aircraft through 2035.