Boeing Expects China Air Fleet to Double in Two Decades

Boeing said growth in China over the next two decades will come as the country’s carriers replace older aircraft with more fuel-efficient models

(Bloomberg) — Boeing Co. released a bullish 20-year forecast for China’s commercial jet market signaling confidence that the country can emerge from the challenges of Covid and a slowing economy and be a major driver of sales.

The U.S. manufacturing giant projected that China would need 8,485 new passenger and freighter planes valued at $1.5 trillion through 2041. That figure would be more than a fifth of global aircraft deliveries over the next two decades, Boeing said Thursday in a statement. China’s commercial fleet will grow to more than 9,600 planes in that time from about 3,900, the company said.