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China to spend over $1 trillion on planes over next 20 years - Boeing

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China to spend over $1 trillion on planes over next 20 years - Boeing

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BEIJING/SHANGHAI (Reuters) – Chinese airlines are likely to buy over 7,000 planes worth nearly $1.1 trillion (844.6 billion pounds) over the next 20 years as they grow their fleets to meet robust demand for domestic and international travel, Boeing Co said on Wednesday. Its latest estimate of 7,240 aircraft purchases for the period to 2036 is 6.3 percent higher than the U.S. planemaker’s previous prediction of 6,810 planes last year.

(Reporting by Pei Li in BEIJING and Brenda Goh in SHANGHAI; Editing by Sam Holmes)
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