Boeing lifts industry demand forecast as air show deals role on
Updated : July 18, 2018 07:12 AM IST
The world's biggest planemaker predicted 42,700 industry deliveries over the next two decades, up 3% from its estimate of 41,030 a year ago.
Boeing's forecasts underscored the sector's reliance on emerging markets in general and China in particular, making the US planemaker especially vulnerable should trade tensions between Washington and China escalate into a full trade war.
Boeing, which calls itself America's biggest exporter, delivered more than one out of every four jetliners it made last year to customers in China, one of the world's fast-growing aircraft markets.
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