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Boeing raises China forecast, but trade war clouds prospects


Jumbo market: Boeing 737-800 jets of China United Airlines are seen at the Nanyuan Airport in Beijing. Boeing says China will need 7,690 new planes valued at US1.2 trillion in the next two decades. — Reuters

Jumbo market: Boeing 737-800 jets of China United Airlines are seen at the Nanyuan Airport in Beijing. Boeing says China will need 7,690 new planes valued at US1.2 trillion in the next two decades. — Reuters

BEIJING: Boeing Co raised its forecast for aircraft demand in China even as an escalating trade war between the world’s two biggest economies casts a shadow over the planemaker’s prospects in the Asian country.

China will need 7,690 new planes valued at US$1.2 trillion (RM4.979 trillion) in the two decades through 2037, the Chicago-based company said yesterday as part of its annual report outlining the global market scope for the next 20 years. That is a 6% increase over its projections last September for 7,240 aircraft through 2036.

Airlines , boeing

   

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