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

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (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 (EADSF, EADSY) , which says its market share is 61% of aircraft sold.