Airbus has increased its 20-year forecast for new aircraft demand in the Asia-Pacific region, including key markets China and India, to 19,500 planes, representing 46% of the 42,430 new aircraft projected globally by 2043. The company also announced surpassing a 50% market share in the region’s widebody aircraft backlog for the first time.

• Demand Drivers: Airbus increased its previous forecasts by 3%. Around 71% of new deliveries are anticipated to support fleet expansion.
• Regional Growth: The Asia-Pacific region continues to lead global aviation growth, with China and India as key contributors to rising demand.
• Widebody Success: Airbus has exceeded 50% market share in the region’s widebody backlog, overtaking Boeing in this segment.

Statement’s

• “With this surge in demand, the region’s fleet will continue to expand, driven by both growth and replacement needs, with sustainability initiatives becoming more prevalent,” said Anand Stanley, president of Airbus Asia-Pacific speaking at the Association of Asia Pacific Airlines’ (AAPA) assembly of presidents in Brunei.

Source: Airbus