Airbus Sees $4.4 Trillion Commercial Jet Market Over 20 Years
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Airbus SAS, the European maker of commercial aircraft, predicted airlines will buy planes valued at $4.4 trillion in the next two decades, driven by demand in India and China and global growth among low-fare airlines.
Airlines will buy 29,220 planes to satisfy 4.7 percent in annual traffic growth, Airbus said in its annual industry-wide forecast today. The prediction, which includes 28,350 passenger jets, is 3.6 percent higher than a year earlier.