China will order €925bn in new planes, says Boeing

Chinese airlines are likely to buy more than 7,000 planes worth almost €925 billion over the next 20 years, as they grow their fleets to meet robust demand for domestic and international travel, Boeing said in a new bullish forecast.

Its latest estimate of 7,240 aircraft purchases for the period to 2036 is 6.3% higher than the US planemaker’s previous prediction of 6,810 planes last year.

“China’s continuous economic growth, significant investment in infrastructure, growing middle-class and evolving airline business models support this long-term outlook,” Randy Tinseth, Boeing Commercial Airplanes vice president of marketing, said.