- Boeing (BA) says it plans to triple its China fleet over the next 20 years, expecting orders for 5,580 new airplanes in China valued at $780B.
- BA believes strong economic growth and greater access to air travel will spur traffic to rise by nearly 7% each year in China; it foresees the biggest revenue boost from sales of single-aisle planes, used for domestic tourism and pan-Asia travel.
- The plans pose a challenge to rival Airbus (EADSF.PK, EADSY.PK), which currently has a 950-aircraft China fleet; last year, Airbus forecast delivery of 4,270 aircraft to China over 20 years, shy of Boeing's new projections but revised figures are due out from Airbus later this month.
Boeing plans to triple airplane deliveries to China over 20 years
Sep 5 2013, 09:43 ET