What Happened
Asia Pacific To Drive Global Aviation Growth Over Next Two Decades
The Asia-Pacific region is expected to continue driving global aviation growth over the next two decades, with passenger traffic growth projected to outpace the global average. According to Airbus’ latest Global Market Forecast, the region will require 19,120 new passenger aircraft, with one third being replacements and the remainder for growth. This growth is driven by robust economic fundamentals, including a growing middle-income population and rapid urbanisation. Airbus is well-placed to meet airline requirements for widebodies with the A330neo and A350 Family, as reported by TTR Weekly.