Boeing boosts China 20-year demand outlook to 7,240 new aircraft

Boeing has forecast China will require 7,240 new aircraft through 2036, valued at approximately US$1.1t, according to the manufacturer’s annual China Current Market Outlook released Sept 6. Boeing’s new estimate is 6.3% higher than last year’s projection. “China’s continuous economic growth, significant investment in infrastructure, growing middle-class and evolving airline business models support this long-term outlook,” Boeing Commercial Airplanes VP-marketing Randy Tinseth said. “China’s fleet size is expected to grow at a pace well above the world average, and almost 20% of global new airplane demand will be from airlines based in China.” Boeing said single-aisle aircraft, such as its 737 MAX family, will continue to make up the bulk of Chinese airlines’ domestic and regional fleets. <br/>
ATW
http://atwonline.com/manufacturers/boeing-boosts-china-20-year-demand-outlook-7240-new-aircraft
9/6/17