Boeing issues production forecast for the Chinese market

Boeing has forecast a demand within China for up to 6,020 new aircraft over the next 20 years, a number worth up to $870 billion.The company released its annual China Current Market Outlook (CMO) in Beijing which shows Chinese carriers will take delivery of nearly 45% f the total demand for airplanes in the Asia Pacific region during the forecast period.“China’s aviation market is going through dynamic changes,” said Randy Tinseth, Boeing Commercial Airplanes vice president of Marketing. “New business models like low-cost carriers and airplane leasing companies, a new generation of fuel-efficient airplanes and evolving consumer needs are driving