Asia-Pacific leading demand for new aircraft

Airlines in the Asia-Pacific region will take delivery of around 9,370 new aircraft over the next 20 years, according to the latest market forecast by Airbus. Valued at $1.3 trillion, the deliveries will account for 34% of all new aircraft with more than 100 seats entering service worldwide over the forecast period, with the region overtaking North America and Europe as the world’s largest air transport market.
In terms of growth, Airbus expects the number of passengers carried by Asia-Pacific airlines to rise by 5.9% per year, compared with the global average of 4.8%. In the freight market, the amount of cargo carried by air through the region will increase by 5.6% annually, compared to a global increase of around 5.1%. Meanwhile, airlines in the region will replace 76% of the 4,270 aircraft currently in service, with the overall in-service fleet comprising some 9,965 passenger aircraft and around 820 freighters by 2030.