China’s domestic air traffic to become world’s largest
China’s domestic air traffic will become the world’s largest within 10 years, according to a global market forecast from Airbus.
Passenger traffic will grow at an average 4.5 percent a year over the next two decades, driving a need for over 33,000 new aircraft of more than 100 seats, Airbus forecast.
By 2035, the global aircraft fleet will double to almost 40,000 aircraft from the current 19,500. Some 13,000 passenger and freighter aircraft will be replaced with more fuel-efficient types.
In the wide-body market, Airbus forecast a trend toward higher-capacity aircraft and forecast a need for over 9,500 wide-body passenger and freighter aircraft over the next 20 years.
In the single aisle market, Airbus predicted a need for over 23,500 new aircraft worth $2.4 trillion. The Asia-Pacific region will account for 39 percent of these deliveries.