21 SEPTEMBER 2009

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Article from BTNews 21 SEPTEMBER 2009

Airbus Global Market Forecast

AIRBUS chose London last week to deliver its annual Global Market Forecast.  Headed by the redoubtable John Leahy, the American Chief Operating Officer Customers (Sales Director) said that some 25,000 new passenger and freighter aircraft valued at US$3.1 trillion will be delivered from 2009 to 2028.  Emerging economies, evolving airline networks, expansion of low cost carriers and the increasing number of mega-cities as well as traffic growth and the replacement of older less efficient aircraft with more eco-efficient airliners are factors driving demand.  According to Airbus with the replacement of some 10,000 older passenger aircraft, the world’s passenger aircraft fleet of 100 seats or more will double from some 14,000 today.  Airbus foresees demand for Very Large Aircraft seating more than 400 passengers, like the A380, at above 1,700.  This seems optimistic with sales of the aircraft dormant at the present time.  In the twin-aisle aircraft segment (seating from 250 to 400 passengers), some 6,250 new passenger and freighter aircraft will be delivered in the same period while for the single-aisle segment, Airbus suggests that 17,000 will join the airlines in the next 20 years.  John said that he had no fears regarding emerging Chinese manufactures, at least not for 20 years, noting that the confidence needed to place orders takes years to achieve, giving Airbus as an example.  Mr Leahy confirmed that Airbus will deliver around 480 aircraft this year, much the same as 2008, and expects to finish up with 300 positive orders. www.airbus.com

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