Airbus raises aircraft demand forecasts

Reuters, Monday 13 Dec 2010

Airbus raises its demand forecasts as the aircraft industry recovers

Airbus raised its 20-year forecasts for aircraft demand and passenger traffic on Monday on the back of a "stronger than predicted" recovery in airlines powered by emerging markets.

The world's largest plane maker predicts deliveries of almost 26,000 new passenger and freight aircraft worth $3.2 trillion between 2010 and 2029, an increase of 900 compared with its previous annual forecast.

"Demand for travel is doubling every 15 years ... but in places like India and China we expect to double in the next six years," Airbus sales chief John Leahy said during a news conference.

The EADS subsidiary forecast average annual growth in passenger traffic of 4.8 per cent during the period of 2010-2029, up from a previous 20-year forecast of 4.7 per cent.

Rival Boeing, which includes some aircraft below 100 seats in its forecasts, is predicting 30,900 total plane deliveries worth $3.6 trillion over 20 years.

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