Boeing Expects China Fleet to Double in Two Decades
- ‘Full confidence’ China’s aviation market will prosper: Boeing
- China’s needs new jets worth $1.5 trillion over next 20 years
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Boeing Co. released a bullish 20-year forecast for China’s commercial jet market, confident that the country can emerge from the challenges of Covid and a slowing economy and be a major driver of sales.
The US manufacturing giant expects China to need 8,485 new passenger and freighter planes valued at $1.5 trillion through 2041. That figure is more than a fifth of global aircraft deliveries over the next two decades, Boeing said in a statement Thursday. China’s commercial fleet will grow to more than 9,600 planes in that time from about 3,900, the company said.