Airbus increases aircraft demand forecast
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Almost 26,000 new passenger and freighter aircraft worth US$3.2 trillion (INR144.7 neel) will be needed between 2010 and 2029, according to Airbus’ latest Global Market Forecast (GMF). This marks an increase from the European planemaker’s previous forecast of 25,000 planes worth US$3.1 trillion, with the growth being driven emerging markets, such as Asian low-cost carriers.
Out of the total 26,000 aircraft needed, around 25,000 will be passenger aircraft valued at over US$2.9 trillion. Of these additional passenger aircraft, 10,000 will replace older, less fuel-efficient aircraft, while some 15,000 will be for expanding fleets, Airbus said. Taking into account today’s passenger fleet of over 14,000 aircraft, the world passenger fleet will rise to some 29,000 aircraft by 2029. Almost 17,900 single-aisle aircraft worth nearly US$1.3 trillion will be delivered in the next 20 years, driven by the LCC market, particularly in Asia. In the twin-aisle segment, 6,240 new aircraft will be delivered, valued at some US$1.3 trillion, while demand for Very Large Aircraft (VLA) aircraft, like the A380, is more than 1,700 units valued at an estimated US$570 billion.
“Airlines in Asia Pacific including China and India will carry one third (33%) of the passenger traffic by 2029, making it the largest region, overtaking Europe (25%) and North America (20%),” said Chris Emerson, Head of Product Strategy and Market Forecast.
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