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.


 
 

 
DOD photograph by Air Force MSgt. Adrian Cadiz

Carter announces manufacturing initiative to aid war fighters

DOD photograph by Air Force MSgt. Adrian Cadiz Defense Secretary Ash Carter announces the creation of a National Manufacturing Innovation Institute to produce hybrid electronics during a speech at the National Full Scale Aerody...
 
 

U.S. Army awards CIRCM contract to Northrop Grumman

The U.S. Army Aug. 28 awarded Northrop Grumman a $35,372,762 cost-plus-fixed-fee, fixed-price incentive, and firm-fixed-price hybrid contract with options for engineering and manufacturing development and low-rate initial production of the Common Infrared Countermeasure program. Work will be performed at Northrop Grumman’s Land & Self Protection Systems Division facility in Rolling Me...
 
 

Northrop Grumman awarded position on Air Force training systems acquisition III contract

The U.S. Air Force has awarded Northrop Grumman a position on the Training Systems Acquisition III indefinite delivery/indefinite quantity contract to support war fighter training systems at global U.S. Air Force operating locations. Twelve companies have been awarded positions on TSA III, which has a ceiling value of approximately $20.9 billion over 10 years, if...
 

 
Navy photograph

Raytheon and U.S. Navy collaborate to optimize minehunting sonar

Navy photograph The Remote Minehunting System and AN/AQS-20A Minehunting Sonar on USS Independence. Raytheon is working closely with the Naval Undersea Warfare Center — Division Newport to enhance the features of the comp...
 
 

Boston Engineering receives Air Force contract to advance UAV motor control capabilities

Boston Engineering today announced a $150,000 contract from the U.S. Air Force to enhance its UAV capabilities and to also reduce drone noise. Specifically, Boston Engineering will demonstrate an embedded motor control platform to accelerate U.S. Air Force UAV research and development initiatives. Embedded motor controllers underpin critical UAV operations including drone propulsion and sensors...
 
 

Boeing receives $1.49 billion contract for 13 P-8A Poseidon ircraft

Boeing will provide the first P-8A Poseidon maritime surveillance aircraft for Australia and additional P-8As for the U.S. Navy following a $1.49 billion contract award from the Navy for 13 aircraft. The order includes nine aircraft for the U.S. Navy and four Poseidon aircraft for the Royal Australian Air Force, a long-time partner to the...
 




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=""> <s> <strike> <strong>