Boeing raises 20-year forecast for China aircraft demand despite pandemic

Topics Boeing | Coronavirus

BEIJING/SYDNEY (Reuters) - Boeing Co on Thursday raised its rolling forecast for China's aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as COVID-19 decimates global deliveries over the next few years. Chinese airlines will need 8,600 new airplanes through 2039, 6.3% higher than Boeing's previous prediction of 8,090 planes last year. Those would be worth $1.

4 trillion based on list prices, the U.S. planemaker said in a statement. In October, Boeing cut its 20-year forecast.

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