The Asia Pacific region will Require 19,560 New Planes over 20 years: Airbus

The APAC will require 19,560 new narrow-body and wide-body planes over the next two decades, mainly driven by demand from India and China, Airbus said. The demand, Airbus said, represents 46% of the global requirement for 42,520 new aircraft over two decades.

India and China are powering a major portion of the growth, Airbus Asia Pacific President Anand Stanley said. With increasing passenger traffic, the APAC will experience an annual passenger growth rate of 4.4 per cent, surpassing the global average of 3.6%. India is one of the world's fastest-growing civil aviation markets, and airlines have placed important orders as they expand their fleets to meet the increasing demand for air travel.

Presenting the forecast during the Association of Asia-Pacific Airlines' Annual Assembly of Presidents in Bangkok, Airbus stated that the region will require around 3,500 wide-body aircraft over the two decades. This number represents 43% of global demand in the larger size aircraft categories.

According to the forecast, the APAC region will require approximately 16,100 single-aisle aircraft, accounting for 47% of the new deliveries globally throughout the specified period. “Nearly 68% of the aircraft deliveries will support fleet expansion, while 32% will replace older models, making a substantial contribution to decarbonization efforts.

"The next-gen Airbus wide-body aircraft offers an immediate 25% improvement in fuel efficiency and a corresponding reduction in carbon emissions," Airbus said. Stanley said the APAC region is entering an exciting phase of growth. In addition to passenger growth, network development, the penetration of low-cost carriers, and infrastructure are the major drivers of air travel.

Source: The Hindu