Airbus raises Asia-Pacific forecast to 19,500 planes needed over next 20 years
Company also announces it has exceeded 50 per cent market share for backlog of widebody planes in region
Airbus has raised its forecast for the number of new aircraft Asia-Pacific and its major drivers China and India need over the next two decades to 19,500 planes, while announcing the company has exceeded 50 per cent market share for the backlog of widebody planes in the region for the first time.
Anand Stanley, president of Airbus Asia-Pacific, said on Wednesday the planes accounted for 46 per cent of the 42,430 new aircraft needed globally by 2043.
“With this surge in demand, the region’s fleet will continue to expand, driven by both growth and replacement needs, with sustainability initiatives becoming more prevalent,” he said.
Presenting the company’s forecast at the Association of Asia-Pacific Airlines’ annual assembly of presidents in Brunei, he said the projections underscored the region’s continued growth and importance globally.
“The Asia-Pacific forecast, which includes China and India, reflects a year-on-year growth of 3 per cent in terms of new aircraft needed,” Stanley said.
He also revealed Airbus had reached more than 50 per cent of market share for the backlog of widebody planes in Asia-Pacific, overtaking rival Boeing.
