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Boeing expects to reach 50% market share in Latin America orders

Mar. 27, 2014 10:40 AM ETThe Boeing Company (BA) StockBA, EADSY, EADSFBy: Carl Surran, SA News Editor1 Comment
  • Boeing (NYSE:BA) believes it can reach a 50% market share of orders from Latin America in the coming years, a top regional exec tells Reuters.
  • BA sees the market growing at an average 6.9% over the next 20 years, which could translate into 2,900 jetliners worth $300B.
  • In recent years, BA has lost market share in the region from an aggressive push by Airbus (OTCPK:EADSF, OTCPK:EADSY) , which says its market share is 61% of aircraft sold.

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