What Happened
European Aircraft Maker Forecasts Strong Demand Led by China
Airbus has announced that it expects the Asia-Pacific region to dominate global aviation demand over the next two decades, driven by China’s market expansion and the Hong Kong Special Administrative Region’s role as a premier aviation hub. The company’s global market forecast predicts that the region will see a compound annual growth rate of 5.1% in passenger traffic, outpacing the world’s average. This growth is expected to generate demand for over 8,800 new passenger jets in the region by 2045. According to Airbus, this forecast was reported by China Daily.