What Happened
China Drives Regional Growth Amid Global Headwinds
Airbus forecasts the Asia-Pacific region to lead global aviation demand over the next two decades, driven by China’s market expansion and Hong Kong’s role as a premier aviation hub. The European aircraft maker expects the region’s passenger traffic to grow at a compound annual rate of 5.1%, outpacing the global average. This growth will drive demand for over 8,800 new passenger jets, with China’s aviation sector growing at a compound annual rate of 5.2%. According to Airbus, this surge will make China’s domestic routes the world’s busiest air traffic flow by 2045. This forecast was reported by The Star.