Boeing Pegs China 20-Year Demand Forecast To 8,560 New Planes Due To Robust Demand
Portfolio Pulse from Shivani Kumaresan
Boeing Co (NYSE:BA) predicts that China will require 8,560 new commercial airplanes through 2042 due to economic growth and increasing demand for domestic air travel. China's commercial airliner fleet is expected to more than double to nearly 9,600 jets over the next 20 years, accounting for one-fifth of the world's airplane deliveries. China's domestic aviation market is expected to be the largest in the world by the end of the forecast period, generating demand for $675 billion in aviation services.
September 20, 2023 | 10:32 am
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Boeing's forecast of robust demand for new commercial airplanes in China over the next 20 years could potentially boost its revenues and profitability. However, the company's ability to meet this demand and the competitive landscape will be key factors.
Boeing's forecast indicates a strong demand for new commercial airplanes in China over the next 20 years. This could potentially increase Boeing's revenues and profitability if the company can meet this demand effectively. However, the competitive landscape, including competition from Airbus and other manufacturers, could impact Boeing's ability to fully capitalize on this opportunity.
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