China will buy 8,700 new airplanes over next 20 years – Boeing

A Boeing model is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Picture taken November 6, 2019. REUTERS

BEIJING — Chinese airlines are likely to buy 8,700 planes worth $1.47 trillion over the next 20 years, Boeing Co said on Thursday.

The U.S. planemaker’s latest estimate for the period to 2040 is 1.2% higher than its previous prediction of 8,600 planes last year.

China will also need nearly $1.8 trillion worth of commercial services for its aircraft fleet, Boeing said.

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