China's Financial Crisis Fails To Dent Boeing's Market Forecast | Aviation International News

China's Financial Crisis Fails To Dent Boeing's Market Forecast

The manufacturer raised its market forecast for China by 300 more planes compared to its previous forecast.

In the same week that share prices of government-backed carriers like Air China has continued to tumble in the wake of the country's currency devaluation, Boeing forecasted further growth in projected airliner deliveries to China. [Photo: Gabriele Stoia]

By Jennifer Meszaros • Contributor - Asia

August 26, 2015

Boeing this week expressed confidence in the strength of Chinese air transport sector despite China’s recent move to devalue its currency and the stock market volatility that this sparked. In its latest market outlook for the country, published on August 25, the U.S. airframer forecast continued growth in China’s demand for airliners. The forecast estimated demand for 6,330 new airplanes over the next 20 years, with a combined value of $950 billion. This total is 300 more than reported in Boeing's 2014 China forecast, and if this number of aircraft delivered by 2034, it would triple the size of Chinese airliner fleet.

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