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Demand flies high for eco-efficient aircraft

Source: Release Date:2011-04-15 114

Almost 26,000 new passenger and freighter aircraft valued at $3.2 trillion will be needed between 2010 and 2029 to satisfy demand, according to Airbus’ Global Market Forecast (GMF). This demand is primarily driven by replacement of aircraft for newer more eco-efficient models in mature markets, dynamic growth in new emerging markets, low-cost carriers particularly in Asia, further market liberalisation and capacity growth on existing routes.

 The 2010 GMF forecasts 900 additional new passenger aircraft deliveries over the 2009 GMF reflecting a slightly higher growth rate of 4.8% compared to 4.7% in 2009. These aircraft will mainly be in the single aisle sector. Out of the almost 26,000 additional passenger and freighter aircraft needed, around 25,000 will be passenger aircraft valued at over $2.9 trillion.

 In passenger traffic growth terms, emerging economies are leading the recovery. Freight traffic is recovering at an even faster rate (5.9%) than passenger traffic growth. In 2010, freight traffic was expected to rebound closer to 18% before leveling off at more typical growth levels by the end of 2011.

 Aircraft are getting bigger as airlines capitalise on the benefits of larger aircraft to absorb traffic growth, minimize airport congestion, reduce costs and to increase eco-efficiency. Demand for Very Large Aircraft (VLA) passenger and freighter aircraft is more than 1,700 valued at over $570 billion (this represents 18% by value and 7% by units). Of these, some 1,320 will connect the world’s increasing number of ‘mega’ cities.

 

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