Airlines in the Asia-Pacific region will take delivery of around 9,370 new aircraft over the next 20 years, according to the latest market forecast by Airbus.
Valued at US$1.3 trillion, the deliveries will account for 34 per cent of all new aircraft with more than 100 seats entering service worldwide over the forecast period, with the region overtaking North America and Europe as the world’s largest air transport market.
The latest forecast for the region was presented today at the Singapore Airshow by John Leahy, Chief Operating Officer, Customers, Airbus.
In terms of growth, Airbus expects the number of passengers carried by Asia-Pacific airlines to rise by 5.9 per cent per year, compared with the global average of 4.8 per cent. I