What Happened
Airbus Forecasts Strong Growth in Turkish Aviation Market
Airbus expects Turkey to account for about 20% of demand for new passenger aircraft in Europe and the CIS over the next 20 years, requiring 1,800 new aircraft as passenger traffic grows. According to Antonio Da Costa, Airbus vice president for market analysis and forecast, passenger traffic in Turkey is expected to grow by around 4.5% annually over the next 20 years. The country’s position as an international connecting hub is also strengthening, driven by strong tourism demand and transit traffic. This forecast was reported by Reuters.