European aircraft manufacturer Airbus said on November 22 that it expects the world's commercial aviation market to require 2.6 trillion dollars worth of new aircraft between now and the year 2025.
According to its latest Airbus Global Market Forecast, which the company presented to the press in London, some 22,700 new passenger and freight aircraft, valued at 2.6 trillion dollars, will be required by aircraft operators in the next two decades.
The report based its figures on an average annual traffic growth in revenue passenger kilometres of 4.8 per cent, "leading to passenger traffic growth of around two and a half times," Airbus said in a statement accompanying its presentation.
The report noted that the period will be "marked by an increasing demand for new more fuel-efficient airliners, to help address airline operating costs as well as environmental concerns."
Airbus also predicts a demand for 1,660 very large aircraft, such as-AFP its troubled A380, which can seat up to 880 passengers. However, more than 70 per cent of all aircraft delivered over the next 20 years will be single-aisle types of 110 to 220 seats, Airbus said.
According to John Leahy, Airbus Chief Operating Officer for Customers, "This forecast shows that aviation is a strong growth industry and one which is also vital for the development of the world economy."
-DPA
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