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Airbus Projects 19,500 New Aircraft for Asia-Pacific by 2044

2024-11-13 11:46:22.978000

Airbus has significantly raised its forecast for aircraft demand in the Asia-Pacific region, predicting that 19,500 new planes will be needed over the next 20 years. This projection includes 16,000 single-aisle aircraft and 3,500 long-range models, reflecting a robust growth trajectory driven by an expected annual increase of 3% in the region's fleet. Anand Stanley, President of Airbus Asia-Pacific, presented these figures at the recent Association of Asia-Pacific Airlines assembly in Brunei. The forecast aligns with a projected annual passenger traffic growth of 4.8% in Asia-Pacific, which outpaces the global growth rate of 3.6%. This surge in demand is also underscored by Cathay Pacific's recent order of 30 additional Airbus aircraft, bringing its total orders to 150. Furthermore, the region is expected to require 250 new widebody freighter aircraft, which represents 10% of global demand for such aircraft. Airbus has also surpassed a 50% market share for widebody planes, largely attributed to the popularity of its A330neo and A350 models. In addition to the Asia-Pacific forecast, Airbus Corporate Jets (ACJ) recently released a survey predicting a substantial increase in the business aviation sector, estimating its contribution to the U.S. economy will rise from $150 billion to approximately $183 billion over the next five years. ACJ President Chadi Saade emphasized the critical role of business aviation in job creation and local community support, with 95% of senior executives at large U.S. corporations viewing business jets as essential tools for operations. The demand for larger jets is also expected to rise, with a significant percentage of executives planning to upgrade their aircraft in the coming years. This comprehensive outlook reflects the growing significance of both commercial and business aviation in the global economy. [3d7eab24][e9e45af9][91dcd6e5][02a0f3de][26044137][aed8a3f7]

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