23 SEPTEMBER 2019

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Article from BTNews 23 SEPTEMBER 2019

Aircraft demand set to continue

A world demand for between 44,000 and 48,000 commercial aircraft over the next 20 years was forecast in separate reports by Boeing and Airbus last week, with both companies saying there was little sign of the aviation boom lessening any time soon.

In its 2019 Commercial Market Outlook (CMO), Boeing said: “We see continued opportunities for product innovation, fleet productivity and network expansion as this dynamic industry continues to evolve.

“Overall, we again project a rising requirement for new jetliners – 44,000 over the next two decades – as operators refresh and grow their fleet to meet the increase in passenger and cargo demand.”

Airbus said the world’s passenger and freighter aircraft fleet is set to more than double from today’s nearly 23,000 to almost 48,000 by 2038 with traffic growing at 4.3% annually, also resulting in a need for 550,000 new pilots and 640,000 new technicians. "By 2038, of the forecast 47,680 fleet, 39,210 are new and 8,470 remain from today," the company added.

In a  note on sustainability it went on: "By updating fleets with latest generation fuel-efficient aircraft such as the A220, A320neo Family, the A330neo and the A350, Airbus believes it will largely contribute to the progressive decarbonisation of the air transport industry and the objective of carbon neutral growth from 2020 while connecting more people globally."

www.boeing.com

www.airbus.com

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