The Boeing Company (NYSE:BA) released the 2024 Commercial Market Outlook (CMO), which states projects that China will more than double its commercial airplane fleet by 2043.
In particular, the company expects new deliveries of 8,830 new planes in China through 2043.
This expansion aligns with the modernization of the nation’s aviation industry to accommodate the increasing demand for both passenger and cargo air travel.
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Boeing predicts China’s commercial fleet will grow 4.1% annually, from 4,345 to 9,740 planes by 2043.
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