China will need 8,600 new aircraft over next 20 years: Boeing

FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid

BEIJING (Reuters) – Chinese airlines will need 8,600 new airplanes worth $1.4 trillion over the next 20 years, Boeing Co BA.N said on Thursday.

Boeing’s latest estimate for the period to 2039 is 6.3 percent higher than the U.S. planemaker’s previous prediction of 8,090 planes last year, despite the impact from the COVID-19 pandemic.

China will also need $1.7 trillion worth of commercial services for its aircraft fleet, Boeing said.

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