06:41 AM EDT, 08/27/2024 (MT Newswires) -- Boeing ( BA ) said late Monday that it expects China's commercial airplane fleet to more than double by 2043 to meet rising demand.

China's fleet will grow at a 4.1% annual rate, from 4,345 to 9,740 airplanes, by 2043, Boeing ( BA ) said, citing its 2024 Commercial Market Outlook for China report.

Annual passenger traffic will grow 5.9%, outpacing the global average of 4.7%, the company said.

Boeing ( BA ) said China will account for the world's largest traffic flow and will have the world's largest fleet of widebody jets as its freighter fleet triples.

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