Boeing's China Prospects Bright: Should You Buy the Stock Now?
BABoeing(BA) ZACKS·2024-08-27 23:01

The Boeing Company (BA) recently released its 2024 Commercial Market Outlook (“CMO”) for China, wherein the company expects the nation’s commercial fleet to grow 4.1% annually during 2023-2043. This reflects a remarkable growth opportunity for the American jet giant, with Boeing being the largest customer of China's aviation manufacturing industry. Notably, air travel in China is projected to become the world's largest traffic flow over the next 20 years. This surely should benefit Boeing’s prospects in thi ...