Boeing expects Chinese jet fleet to double over next 20 years

Boeing expects China will double jet fleet over next two decades: US aircraft maker Boeing expects China’s commercial jet fleet to more than double in the next 20 years to 9,740 planes to meet growing passenger and air cargo demand, Bloomberg reports. Around 60% of China’s new deliveries will be directed towards fleet expansion, while the rest will replace older jets. Boeing also said that China will need 8,830 new planes through 2043 to meet demand, an increase from its previous forecast of 8,560 commercial aircraft in 2042. The manufacturer predicts that passenger traffic in China will increase by 5.9% annually, outpacing the global average growth rate of 4.7%.