Search DubaiPRNetwork.com

Home >> Travel & Tourism

Airbus forecasts need for over 39,000 new aircraft in the next 20 years

Thursday, September 19, 2019/ Editor -  

Share

Home >> Travel & Tourism

#AirbusGMF

Dubai, United Arab Emirates -  September 19, 2019:   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. 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.

Reflecting today’s evolving aircraft technology, Airbus has simplified its segmentation to consider capacity, range and mission type. For example, a short haul A321 is Small (S) while the long-haul A321LR or XLR can be categorised as Medium (M). While the core market for the A330 is classified as Medium (M), it is likely a number will continue to be operated by airlines in a way that sits within the Large (L) market segmentation along with the A350 XWB.

The new segmentation gives rise to a need for 39,210 new passenger and freighter aircraft -29,720 Small (S), 5,370 Medium (M) and 4,120 Large (L) - according to Airbus’ latest Global Market Forecast 2019-2038. Of these, 25,000 aircraft are for growth and 14,210 are to replace older models with newer ones offering superior efficiency.

Resilient to economic shocks, air traffic has more than doubled since 2000. It is increasingly playing a key role in connecting large population centres, particularly in emerging markets where the propensity to travel is amongst the world’s highest as cost or geography make alternatives impossible. Today, about a quarter of the world’s urban population is responsible for more than a quarter of global GDP, and given both are key growth drivers, Aviation Mega Cities (AMCs) will continue to power the global aviation network. Developments in superior fuel efficiency are further driving demand to replace existing less fuel efficient aircraft.

“The 4% annual growth reflects the resilient nature of aviation, weathering short term economic shocks and geo-political disturbances. Economies thrive on air transportation. People and goods want to connect,” said Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International. “Globally, commercial aviation stimulates GDP growth and supports 65 million livelyhoods, demonstrating the immense benefits our business brings to all societies and global trade.”

Airbus aircraft are market leaders in their segments. The Small (S) segment includes the A220 Family and all variants of the A320 Family. The core Airbus products in the Medium (M) segment are the A330 and A330neo Family, and can also include the smaller A321LR and XLR versions used on long-haul missions. The largest segmentation Large (L), is represented by the A330neo Family together with the larger A350 XWB Family which also includes the Ultra Long Range (ULR) version. This segmentation will continue to be served by the A380 at the upper end.


Previous in Travel & Tourism

Next in Travel & Tourism


Home >> Travel & Tourism Section

Latest Press Release

Face Shields Now Required for Cebu Pacific Passengers

Malabar Gold & Diamonds Opens 2 New Showrooms as Part of Its Global Expansion Pl ...

SEHA Extends Operating Hours for Specialities in Demand

New Month, New Goals

Four UAE startups among the 12 Fintech Companies Selected for Village Capital's ...

Up to €500,000 to Support the Most Promising Innovators: The Agrofood BIC Accele ...

Emirates Glass Emicool Sun T Series Leads Way as the Most Preferred Coating Opti ...

Sedar Global's Top Tips For Designing And Decorating A Kid's Space

Back to Back Monuments on the Horizon for UAE Team Emirates With Milano-sanremo ...

Jaguar Land Rover Teaches Driverless Cars How to Reduce Motion Sickness

Dubai International Academy Announces 99% Passing Rate for MYP Certificate

Kia Motors Collects Over 2,000 Pairs of Football Boots via UEFA Europa League Tr ...

Pre-Orders for Samsung's Galaxy Note20 and Galaxy Note20 Ultra Now Open in the U ...

Etihad Airways Reports Strong Start to 2020 With Second Quarter Heavily Impacted ...

HONOR 2020 H1 Business Achievements in International Markets

National Geographic Abu Dhabi Launches Sharkfest 2020 on 5th August 2020 at 9 Pm ...

Samsung Launches Galaxy Watch3 and Galaxy Buds Live

Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation ...

UPS Releases 2Q 2020 Earnings

The Last Few Weeks of Dubai Shopping Mall Group's Summer Promotion