Tag: ICBC Leasing

Chinese Lessors Must Tread Carefully With Local Demand

Reading Time: < 1 minute China’s voracious appetite for new aircraft has caused Boeing to raise its long-term demand forecast for the country. The U.S. manufacturer predicts that China will require 7,240 new aircraft through 2036, comprised of 5,420 narrowbodies, 1,490 widebodies, 180 freighters and 150 regional aircraft. The total is 6.3% higher than 2016’s 20-year forecast. “China’s continuous economic […]