Boeing slightly raises China 20-year demand outlook to 8,560 new planes

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Boeing slightly raises China 20-year demand outlook to 8,560 new planes
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Boeing is still waiting to resume deliveries of its 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes.

Grounded China Southern Airlines Boeing 737 MAX aircraft parked in a line at Urumqi airport, in China's western Xinjiiang region on June 5, 2019.on Wednesday slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel.

The U.S. planemaker said Chinese airlines would need 8,560 new commercial planes through 2042, up from 8,485 in its previous forecast last year.on China, which would make up 20% of the global market for air travel. Boeing, however, is still waiting to resume deliveries of its bestselling 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes and has beenThe U.S. planemaker said China's fleet would more than double to nearly 9,600 jets over the next 20 years and its domestic aviation market would be the largest in the world by the end of the forecast period, with demand for 6,470 single-aisle planes such as the Boeing 737 MAX family.

"Domestic air traffic in China has already surpassed pre-pandemic levels and international traffic is recovering steadily," Darren Hulst, Boeing vice president for commercial marketing, said in a statement. "As China's economy and traffic continue to grow, Boeing's complete line-up of commercial jets will play a key role in helping meet that growth sustainably and economically."have been remarketed, the company said in July.

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