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.
Federal Aviation Administration has closed the G-1 Issue Paper, formally establishing the certification basis for Electra’s EL9 Ultra Short aircraft and advancing the company toward the next big...
SkyDrive announced the conclusion of a MoU with Japan Biz Aviation Co. SkyDrive currently holds a cumulative total of 427 aircraft orders from partners in Japan and overseas (the order...
European Union Aviation Safety Agency and the US Federal Aviation Administration have approved ExecuJet MRO Services Belgium to perform line and heavy maintenance on the Dassault Falcon 6X. In ad...
FlyBy Aviation Academy announced two graduation ceremonies held during the month of June, marking the finish line for a combined total of 33 new pilots, as well as the start of a new ATPL cl...
