Executive Briefings

World's Airlines Expected to Order More Than 29,000 Passenger, Cargo Planes by 2032

Airbus SAS, the European maker of commercial aircraft, predicted airlines will buy planes valued at $4.4tr in the next two decades, driven by demand in India and China and global growth among low-fare airlines.

World's Airlines Expected to Order More Than 29,000 Passenger, Cargo Planes by 2032

Airlines will buy 29,220 planes to satisfy 4.7 percent in annual traffic growth, Airbus said in its annual industry-wide forecast. The prediction, which includes 28,350 passenger jets (870 cargo craft), is 3.6 percent higher than a year earlier.

Airbus, based in Toulouse in southern France, fell behind Boeing Co. last year in deliveries after leading the industry every year since 2003. Both manufacturers are headed for record shipments this year, with output for several aircraft types at a peak as airlines from Asia to North America seek newer, more fuel-efficient jets to cut costs.

"By 2032, Asia-Pacific will lead the world in traffic, overtaking Europe and North America," John Leahy, Airbus's chief salesman, said in a statement. "Today on average, a fifth of the population of the emerging markets take a flight annually and by 2032 this will swell to two thirds."

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Airlines will buy 29,220 planes to satisfy 4.7 percent in annual traffic growth, Airbus said in its annual industry-wide forecast. The prediction, which includes 28,350 passenger jets (870 cargo craft), is 3.6 percent higher than a year earlier.

Airbus, based in Toulouse in southern France, fell behind Boeing Co. last year in deliveries after leading the industry every year since 2003. Both manufacturers are headed for record shipments this year, with output for several aircraft types at a peak as airlines from Asia to North America seek newer, more fuel-efficient jets to cut costs.

"By 2032, Asia-Pacific will lead the world in traffic, overtaking Europe and North America," John Leahy, Airbus's chief salesman, said in a statement. "Today on average, a fifth of the population of the emerging markets take a flight annually and by 2032 this will swell to two thirds."

Read Full Article

World's Airlines Expected to Order More Than 29,000 Passenger, Cargo Planes by 2032