September 17, 2019 / 3:06 AM / a month ago

China will need 8,090 new airplanes over next 20 years - Boeing

FILE PHOTO: Visitors look at models of Boeing aircrafts at the Aviation Expo China 2015, in Beijing, China, in this September 16, 2015 REUTERS/Jason Lee/File Photo

BEIJING (Reuters) - Chinese airlines will need 8,090 new airplanes worth nearly $1.3 trillion over the next 20 years, Boeing Co (BA.N) said on Tuesday.

Boeing’s latest estimate for the period to 2038 is 5.2 percent higher than the U.S. planemaker’s previous prediction of 7,690 planes last year.

China will also need approximately $1.6 trillion worth of commercial services for its aircraft fleet, Boeing said.

Reporting by Stella Qiu and Brenda Goh; Editing by Shri Navaratnam

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