What Happened
Aging Fleet Drives Need For New Aircraft Over Next 20 Years
Airbus has released its latest global market forecast, which shows a rise in the proportion of new aircraft demand intended for fleet replacement. The forecast indicates that 47% of the total demand for 42,060 new passenger aircraft by 2045 will be for replacement, with 15,580 single-aisle and 4,240 widebody aircraft expected to replace older models. According to Airbus, the aging fleet is driving the need for new aircraft, with the proportion of aircraft under 10 years old declining from 63% in 2015 to 53% in 2025. This was reported by FlightGlobal.