China Will Need More Planes, Boeing Says. It's a $1.47 Trillion Opportunity.

News Snapshot:

Boeing said it expects Chinese airlines will require 8,700 new airplanes by 2040, valued at $1.47 trillion, as commercial air travel demand grows. Boeing (ticker: BA) previously forecast that China would need 8,600 jets. The 20-year forecast from the aerospace giant was part of its 2021 Commercial Market Outlook. Boeing...