Chinese airlines will buy 7,690 new planes worth $1.2 trillion (921.3 billion pounds) over the next two decades to keep pace with booming consumer and business demand for air travel, Boeing Co (BA.N) said on Tuesday, raising a previous forecast. “The growth in China can be attributed to the country’s growing middle class, which has more than tripled in the last 10 years and is expected to double again in the next 10,” said Randy Tinseth, Boeing Commercial Airplanes’ vice president of marketing, in a statement. Boeing and its European rival Airbus (AIR.PA) have been jostling to increase …read more
Source:: Yahoo Finance
