Voice Of Quaid

China will buy 7,690 new airplanes over next 20 years

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BEIJING: Chinese airlines are likely to buy 7,690 planes worth $1.2 trillion over the next 20 years, Boeing Co said on Tuesday.

Boeing’s latest estimate for the period to 2037 is 6.2 percent higher than the U.S. planemaker’s previous prediction of 7,240 planes last year.

China will also need over $1.5 trillion worth of commercial services for its aircraft fleet, Boeing said.

There are more than 10,000 Boeing commercial jetliners in service, flying passengers and freight more efficiently than competing models in the market. More than 5,700 Boeing airplanes are currently on order.

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