Business

September 25, 2013

Airbus sees world aircraft fleet doubling by 2032

Pan Pylas
Associated Press

Airbus is predicting that the number of jet planes around the world will double in the next 20 years, largely to satisfy demand in emerging markets, particularly China.

At a press briefing in London, where it unveiled its market forecasts for the period up to 2032, the European plane maker said air traffic will grow 4.7 percent annually.

That will require 29,220 new passenger and freighter aircraft, of which 10,400 will replace existing planes with more efficient ones. The forecast is an increase from last year’s, in which Airbus predicted 28,200 aircraft would need to be built through to 2031.

Airbus values the new aircraft needs at $4.4 trillion. Single-aisle aircraft are expected to account for around two-thirds of the new production, while a little over 1,700 very large aircraft, such as Airbus’ superjumbo A380, will have to be built. By 2032, Airbus says the worldwide fleet will double to nearly 36,560.

The company said there are many factors behind the increase, such as economic growth, a bigger global middle class, migration and tourism.

It made much of the advance of urbanization around the world, notably in China, for driving demand. Airbus said that by 2032 the number of mega cities – those whose airports serve more than 10,000 long-haul passengers daily – will more than double to 89 from 42 now and that 99 percent of the world’s long-haul traffic will be between or through these.

Given the underlying demographic and economic trends, Asia Pacific will overtake Europe and North America in terms of traffic by 2032, according to John Leahy, Airbus’ chief operating officer for customers.

ìToday on average, a fifth of the population of the emerging markets take a flight annually and by 2032, this will swell to two thirds,î said Leahy, was due to fly to China later Sept. 24, where is expected to announce more orders for the company’s planes. ìDomestic China will be the biggest market.

Airbus’ projections are similar to those of its great rival, Boeing. In June, the U.S. plane-maker forecast the need for 35,280 new planes by 2032, valued at $4.8 trillion. And like Airbus, it said single-aisle airplanes, such as its 737 range, will take the lion’s share of the orders in light of the growth in emerging markets such as China.

Though smaller planes are the most in demand, Airbus’ Leahy said larger planes will garner more and more orders, particularly in Asia Pacific.

Sept. 24, British Airways becomes the tenth airliner to commercially fly the A380, with a mid-afternoon flight to Los Angeles.




All of this week's top headlines to your email every Friday.


 
 

 
Air Force photograph by Joe Davila

Boeing, Air Force demonstrate Minuteman III readiness in flight test

Air Force photograph by Joe Davila Boeing supported the launch of an unarmed Minuteman III intercontinental ballistic missile at Vandenberg Air Force Base, Calif., on Sept. 23, 2014. Boeing supported the U.S. Air Force’s succ...
 
 

Pentagon going to court for refusing to release Sikorsky data

PETALUMA, Calif. – The Pentagon is refusing to release any data on any prime contractors participating in the 25-year-old Comprehensive Subcontracting Plan Test Program. The American Small Business League launched a program in 2010 to expose the fraud and abuse against small businesses the CSPTP had allowed. As a test the ASBL requested the most...
 
 
Northrop Grumman photograph

Raytheon Griffin C flight tests demonstrate in-flight retargeting capability

Northrop Grumman photograph Northrop Grumman has received a contract from the U.S. Marine Corps for low-rate initial production of the AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR). G/ATOR is the first ground-based multi-mi...
 

 
insitu-scan-eagle1

Insitu announces ScanEagle 2 – the next generation of ScanEagle platform

  From its booth at the Euronaval Exhibition and Conference in Paris, Insitu Oct. 29 announced ScanEagle 2, the next generation of its revolutionary ScanEagle platform. Leveraging lessons learned from more than 800,000 ope...
 
 

DOD, Lockheed Martin announce principle agreement F-35 purchase

The U.S. Department of Defense and Lockheed Martin have reached an agreement in principle for the production of 43 F-35 Lightning II aircraft.  Officials anticipate the Low-Rate Initial Production lot 8 (LRIP 8) contract to be finalized in the coming weeks.  The contract is for fiscal year 2014 with deliveries beginning in 2016. Cost details...
 
 

Boeing delivers Emirates’ 100th 777-300ER

Boeing and Emirates Airline are celebrating the delivery of the airline’s 100th 777-300ER (Extended Range), marking another milestone in a partnership that began over two decades ago when the Dubai-based airline ordered its first 777. With this delivery, Emirates will have 142 777s in operation and is the only airline in the world to operate...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>