Air­bus raises es­ti­mate of 20-year de­mand for new planes

Euro­pean plane maker an­tic­i­pates de­mand for new air­craft over the com­ing decades at 39,210 planes

Aviation Business - - RADAR -

Air­bus has in­creased its es­ti­mate of the num­ber of new air­craft needed over the next 20 years as air­lines seek more fu­el­ef­fi­cient planes, even as it trimmed its fore­cast for in­creased de­mand for air travel.

In its lat­est Global Market Fore­cast for the next 20 years, the Euro­pean air­craft maker said it ex­pects air traf­fic to grow by 4.3 per­cent an­nu­ally, a drop from the 4.4 per­cent an­nual growth it fore­cast last year.

Nev­er­the­less, Air­bus now ex­pects even higher de­mand for new air­craft than it did last year, thanks to air­lines in­creas­ingly re­tir­ing older planes for new ones that of­fer lower op­er­at­ing costs as they con­sume less fuel.

Air­bus an­tic­i­pates de­mand for new air­craft over the com­ing two decades at 39,210 planes, a rise of nearly 2,000 from its fore­cast last year, due a sharp in­crease in re­place­ments. Un­like last year, it did not pro­vide a cost es­ti­mate.

“De­vel­op­ments in su­pe­rior fuel ef­fi­ciency are fur­ther driv­ing de­mand to re­place ex­ist­ing less fuel efficient air­craft,” said Air­bus in a state­ment.

How­ever, it scaled back the num­ber of planes it ex­pects air­lines to ac­quire to meet growth in de­mand for air travel by more than 1,500 air­craft to 25,000.

Air­bus said that nev­er­the­less the an­nual growth of more than 4 per­cent re­flects the re­silient na­ture of avi­a­tion from eco­nomic shocks and its in­creas­ingly key role in the global econ­omy. Economies thrive on air trans­porta­tion. Peo­ple and goods want to con­nect,” said Chris­tian Scherer, Air­bus chief com­mer­cial of­fi­cer and head of Air­bus In­ter­na­tional.

“Glob­ally, com­mer­cial avi­a­tion stim­u­lates GDP growth and sup­ports 65 million liveli­hoods, demon­strat­ing the im­mense ben­e­fits our busi­ness brings to all so­ci­eties and global trade,” he added.

Air­bus ex­pects air traf­fic to grow by 4.3 per­cent an­nu­ally

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