What Happened
Planemaker Forecasts Continued Growth Amid Geopolitical Uncertainty
Airbus’ Asia-Pacific president, Anand Stanley, stated that the company sees no softening in demand or deliveries due to geopolitical or supply chain headwinds. The forecast, presented at a briefing in Hong Kong, highlights the region’s importance in driving jet demand, with Asia-Pacific expected to require 19,560 new passenger aircraft over 20 years. According to Airbus, the services market in the region is expected to grow at a 5.2% CAGR to $138.7 billion by 2044. This was reported by Global Banking & Finance Review.