China will need over 5500 aircrafts in 20 years, says Boeing

China will need 5,580 commercial aircraft worth some $780 billion over the next 20 years, according to a statement released by Boeing Co on Thursday.

Tourism in China and within Asia travel will drive the need for single-aisle airplanes, Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes, is quoted as saying in the statement, released at a company event in Beijing.

Deliveries in that segment will total 3,900 by 2032, Boeing said.

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