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Chinese aviation industry will require 7,690 new planes over next 20 years

6 days ago   |   By

The Chinese airlines companies are aggressively expanding its business globally and for this the companies are planning to buy 7,690 new planes worth $1.2 trillion.
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Chinese aviation industry will require 7,690 new planes over next 20 years

Chinese aviation industry will require 7,690 new planes over next 20 years

7 days ago   |   By

The Chinese airlines companies are aggressively expanding its business globally and for this the companies are planning to buy 7,690 new planes worth $1.2 trillion.
This is increasing the country's share of the world's commercial aircraft to 18 percent by 2037. The forecast for new planes increased 6 percent from that of a year earlier.
Of course, Boeing will face competition from Airbus in selling those planes to Chinese companies. There is also a push for domestically-produced aircraft as part of Beijing's “Made in China 2025” initiative that could take a slice of the market from both...
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