Airbus sees Asian jet spree
By Kelvin Chan |
March 8, 2011, Tuesday
|
Print Edition
Print Edition
ASIA'S rapidly growing middle classes will drive demand for new airplanes over the next 20 years and help the region overtake North America and Europe as the world's biggest air transport market, Airbus SAS said yesterday.
The European plane maker forecasts that the Asia Pacific area will account for a third of global passenger aircraft deliveries over the next two decades, up from about a quarter in the previous 20 years.
Some 8,560 new passenger jets worth US$1.2 trillion will be delivered in Asia by 2029, Airbus said. That number includes 3,360 large double-aisle aircraft, including superjumbo models such as the A380, as well as 5,200 smaller, single-aisle jets. About 25,850 new jets are forecast to be delivered worldwide in the same period.
The growth of megacities in Asia will require more large planes to service routes between those hubs, according to Christopher Emerson, Airbus's senior vice president of product strategy and market forecast.
Smaller jets will also be needed to fill demand from increasingly popular budget airlines, as well as new short-haul routes. "If you look at the main drivers of tomorrow's traffic - so for the next 20 years - in Asia (it's) more people able and wanting to fly everyday," Emerson said.
Airbus is aiming to maintain its global market share of about 50 percent, although that task is growing harder with increased competition from the likes of China's Commercial Aircraft Corp of China Ltd, Emerson said.
The European plane maker forecasts that the Asia Pacific area will account for a third of global passenger aircraft deliveries over the next two decades, up from about a quarter in the previous 20 years.
Some 8,560 new passenger jets worth US$1.2 trillion will be delivered in Asia by 2029, Airbus said. That number includes 3,360 large double-aisle aircraft, including superjumbo models such as the A380, as well as 5,200 smaller, single-aisle jets. About 25,850 new jets are forecast to be delivered worldwide in the same period.
The growth of megacities in Asia will require more large planes to service routes between those hubs, according to Christopher Emerson, Airbus's senior vice president of product strategy and market forecast.
Smaller jets will also be needed to fill demand from increasingly popular budget airlines, as well as new short-haul routes. "If you look at the main drivers of tomorrow's traffic - so for the next 20 years - in Asia (it's) more people able and wanting to fly everyday," Emerson said.
Airbus is aiming to maintain its global market share of about 50 percent, although that task is growing harder with increased competition from the likes of China's Commercial Aircraft Corp of China Ltd, Emerson said.
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