China's air fleet to triple in 20 years on tourism spending: Boeing
BEIJING (AP) - Boeing expects China's airlines to triple the size of their fleets over the next two decades, driven by strong economic growth and rising tourism spending.
In an annual sales forecast, Boeing said on Thursday purchases by Chinese carriers should grow by 7 per cent a year through to 2032. It expects these carriers to buy 5,580 planes for US$780 billion (S$996 billion).
Boeing and European rival Airbus Industrie, a unit of European Aeronautic Defence and Space Co, are looking to China's growing market to drive sales.