What Happened
Cirium Forecasts Strong Demand Amid Supply Constraints
According to Cirium’s annual global fleet forecast, the global passenger capacity is expected to grow at 3.7% per annum through 2045, with the global passenger fleet nearly doubling to over 50,000 aircraft. The global freighter fleet will also grow, although not as much in relative terms, by 64% to around 3,900 aircraft. The industry has not managed to close the 20% capacity gap that resulted from the COVID-19 disruption, and supply constraints are expected to slow down the global fleet buildup. The report was released by AeroTime.