On the sidelines of the Singapore Airshow, Airbus has released its updated global market forecast for the Asia-Pacific region.
The manufacturer predicts 10,940 new passenger and cargo airliners valued at US$1.8tr (A$2.0tr) will be required in our region over the next 20 years, representing 37 per cent of all new global aircraft sales during that period.
Of that number, Airbus forecasts 4,130 airliners will be wide-bodied aircraft, with the remainder being made up of single-aisle airliners such as the A320 Family.
“There is no doubting the importance of the Asia-Pacific market both today and in the future. We are pleased that Airbus plays a major role in this great growth story,” John Leahy,Airbus’s COO Customers said in a statement. “All of our products are in the region in significant numbers, and we continue to dominate sales in this region because we have the aircraft Asian-Pacific airlines need.”
Where once they were forecasting very similar figures, the Airbus forecast has diverged somewhat from rival Boeing’s in recent times. Boeing has predicted some 12,840 airliners will be sold in the region over the same period.