Airbus has released its latest regional market forecast, forecasting that the Asia-Pacific aviation sector will require 19,500 new aircraft over the next 20 years.
This demand represents 46 per cent of the global requirement, which is expected to reach around 42,430 new aircraft by 2043.
Anand Stanley, president of Airbus Asia-Pacific, presented these findings during the Association of Asia-Pacific Airlines’ Annual Assembly of Presidents in Brunei, underscoring the region’s continued growth and importance in the global aviation market.
The Asia-Pacific forecast, which includes China and India, reflects a year-on-year growth of three per cent in terms of new aircraft needed. With this surge in demand, the region’s fleet will continue to expand, driven by both growth and replacement needs, with sustainability initiatives…
