Boeing Co (BA.N) on Tuesday raised its forecast for China's aircraft demand over the next 20 years despite a slowing economy and a tumbling stock market that have triggered a worldwide slide in equity and commodity prices.
The U.S. plane maker expects China will purchase 6,330 aircraft over the next 20 years, a 5 percent rise from last year's two-decade estimate. Boeing currently values the aircraft demand at $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, said in a statement ahead of a media briefing in Beijing.
Boeing estimates that China's commercial airplane fleet will nearly triple over the next 20 years, from 2570 aircraft in 2014 to 7,210 aircraft in 2034.
For the fourth consecutive year, Corsair is reaffirming its commitment to the fight against breast cancer by partnering with the association "Les Hôtesses de l’Air cont...
Etihad Airways has signed an interline agreement with Nigerian airline Ibom Air, enabling travellers to connect seamlessly beyond Lagos and Accra to five destinations across Nigeria on a single t...
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
A new travel industry coalition is urging EU policymakers to adopt a balanced and proportionate approach to biometric travel, ensuring passengers can benefit from secure and seamless journeys while ma...
