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Airbus forecasts China requiring over 5,300 new aircraft
CHINA will require more than 5,300 new aircraft in the coming two decades as demand for domestic air travel mounts, Airbus forecast yesterday.
The Europe-based aircraft maker said its 2014-2033 Global Market Forecast showed China was expected to take delivery of 5,363 new passenger and freight aircraft during the period.
Airbus, maker of the A380, the world’s largest passenger jet, competes for orders with Boeing of the United States.
Boeing said in its own forecast released in September that China will need 6,020 new aircraft over the same time period as flight demand increases and diversifies.
By aircraft type, Airbus said that its forecast included 3,567 single aisle, 1,477 twin-aisle and 319 very large aircraft.
The aircraft have a combined market value of US$820 billion and account for 17 percent of total global demand for more than 31,000 new aircraft over the period, it projected.
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