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Aug 27, 2024 6:50 AM

Boeing Sees Strong Demand For Planes In China, Expects Fleet To Double By 2043

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.

Also Read: Moody’s, S&P Cast Doubt on Boeing’s 737 MAX Target: Report

Boeing predicts China’s commercial fleet will grow 4.1% annually, from 4,345 to 9,740 planes by 2043.

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