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China buying Boeing planes worth US$1tril over next 20 years

Tuesday, 13 September 2016

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BEIJING: Chinese Airlines are likely to purchase 6,810 planes worth US$1.025 trillion in the next 20 years as they expand fleets to cater to robust growth in domestic and overseas tourism, Boeing Co forecast on Tuesday.

The latest estimate of 6,810 planes is 7.6% higher than the 6,330 aircraft predicted last year. Boeing has stayed bullish on China even as other US companies have expressed concern over the country’s slower economic growth. 

A senior Boeing executive said in August that the plane maker was not seeing any softness in demand in China.

Source by: Internet

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