business2 years ago
Boeing's Upward Revision of China's Aircraft Demand Signals Bullish Growth for Alibaba
Boeing predicts a surge in jet demand, with China leading the way, as the country's growing middle class and expanding air travel market drive the need for more aircraft. The company expects China to require around 9,100 new planes over the next two decades, accounting for 20% of global demand. Boeing's bullish outlook is supported by factors such as rising disposable incomes, increased tourism, and the growth of e-commerce giant Alibaba, which is expanding its logistics network and may require more cargo planes.