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Boeing Co on Thursday raised its forecast slightly for China’s aircraft demand for the next 20 years, betting on the country’s quick rebound from COVID-19 and future growth in its budget airline sector and e-commerce. Chinese airlines will need 8,700 new airplanes through 2040, 1.2 percent higher than its previous prediction of 8,600 planes made last year. Those would be worth US$1.47 trillion based on list prices, the US planemaker said in a statement. Continue reading “Boeing lifts China demand estimate over next two decades to US$1.47t”
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