Airbus forecast: Airlines to need nearly 35,000 aircraft by 2036

Airbus has forecast a need for 34,170 passenger and 730 freighter aircraft, worth a combined total of US$5.3t, by 2036, according to Airbus’ latest Global Market Forecast 2017-2036 presented June 9. Over the next 20 years, the manufacturer said aircraft purchases will be driven by increasing numbers of first-time flyers, rising disposable income spent on air travel, expanding tourism, industry liberalisation, new routes, and evolving airline business models. Passenger traffic is set to grow 4.4% annually over the period, slightly less than the 4.5% estimated last year. That will still lead to a doubling of the wider commercial fleet to more than 40,000 aircraft, including older models remaining in service. Over 70% of new aircraft are single aisle with 60% for growth and 40% for replacement of less fuel efficient aircraft. <br/>
ATW
http://atwonline.com/manufacturers/airbus-forecast-airlines-need-nearly-35000-aircraft-2036
6/9/17