BEIJING: Boeing Co raised its forecast slightly on Thursday for China’s aircraft demand for the next 20 years, betting on the country’s quick rebound from Covid-19 and future growth in its budget airline sector and e-commerce.
Chinese airlines will need 8,700 new airplanes through 2040, 1.2% higher than its previous prediction of 8,600 planes made last year. Those would be worth $1.47 trillion based on list prices, the US planemaker said in a statement.
The 1.2% increase contrasted with the 6.3% growth Boeing forecast last year, which made China a bright spot in the aviation market at the height of coronavirus lockdowns worldwide.
