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Airbus sees $4 trillion in orders by 2031

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Airbus: “Four of the world’s biggest traffic flows will be domestic”

Airbus foresees that the worldwide aircraft fleet will double in the next 20 years. It sees the growth in air travel fuelling demand for 28,000 new aircraft worth $4 trillion by 2031, by which time the global passenger aircraft fleet will have risen to more than 32,550 aircraft from 15,500 today.
In a statement released by the European manufacturer, Airbus adds that the Asia Pacific region will account for 35% of new aircraft deliveries during the period. While passenger traffic is expected to grow in the next 20 years at an average annual rate of 4.7%, more than 10,000 planes will be replaced by new and more efficient models.
Beside this growth in international traffic, John Leahy, Airbus’ chief operating officer, says that “by 2031 four of the world’s biggest traffic flows will all be domestic – US, China, Intra Western Europe and India.”
He adds: “In 20 years from now, China’s domestic passenger traffic will overtake the US domestic traffic to become the number one traffic flow in our forecast.”
Reuters

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