Boeing raises forecast for China aircraft demand
Beijing
BOEING Co on Tuesday raised its forecast for China's aircraft demand over the next 20 years, saying it was optimistic about the long-term outlook for the world's second largest aviation market despite a slowing economy and weak stock market.
The US plane maker expects China will need 6,330 aircraft over the next 20 years, a 5 per cent rise from last year's two-decade estimate. It valued the aircraft demand at US$950 billion. "Despite the current volatility in China's financial market, we see strong growth in the country's aviation sector over the long term," Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes, told reporters in Beijing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified