Boeing forecasts strong China jet demand
September 23, 2021 - Boeing expects that Chinese airlines will need 8,700 new aircraft – valued at almost $1.5 trillion – over the next two decades, doubling the country’s commercial fleet size as air travel booms.
Boeing projected a need for nearly 6,500 new single-aisle airplanes over the next 20 years, while China's widebody fleet, including passenger and cargo models, will require 1,850 new planes, accounting for 20% of total deliveries, according to Reuters.
China's aviation authority, the first regulator to ground Boeing’s 737 Max following two deadly crashes, has yet to approve the return of service for the aircraft in the country. China accounts for a quarter of Boeing's orders of all aircraft, Reuters said.