Asia-Pac will need 14,450 planes worth US$2.3t over next 20 years
The new orders from the region will account for as much as 40 per cent of global demand, projects Airbus
Singapore
The Asia-Pacific will need some 14,450 new planes valued at US$2.3 trillion over the next two decades as passenger traffic in the region is set to triple to make it the world's largest aviation market, Airbus projects.
With passenger traffic in the region slated to expand at 5.6 per cent annually, outstripping the global average of 4.4 per cent, the Asia-Pacific fleet will grow from 6,100 planes today to nearly 17,000 in twenty years.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources