The Asia-Pacific region will need more than 17,600 new aircraft by 2040
Render A350F. Copyright: Airbus SAS 2021 – computer rendering by FIXION – MMS – 2021
Asia-Pacific airlines will need 17,620 new passenger and freighter aircraft by 2040, nearly 30% of which will replace older, less fuel-efficient models.
That’s the view of executive maker Airbus, which predicts that cargo traffic in Asia-Pacific will grow by 3.6% annually, well above the global average of 3.1%, and will lead to a doubling of air freight in the region by 2040.
In the cargo market, an Airbus spokesman said, the dedicated fleet in the region will grow from 350 planes today to 880 planes in 20 years, with demand for some 370 jumbo jets, including 230 new ones.
Airbus expects passenger traffic in the Asia-Pacific region to grow by 5.3% annually, accelerating the retirement of older aircraft.
Globally, express freight boosted by e-commerce will grow at an even faster rate of 4.7% per year. In total, global airlines will need some 2,440 freighters over the next 20 years, of which 880 will be new builds, reflecting strong cargo growth.
Asia-Pacific, home to 55% of the world’s population, will see China, India and emerging economies such as Vietnam and Indonesia become major drivers of regional growth, Airbus said.
GDP will grow by 3.6% per year compared to the world average of 2.5% and will double in value by 2040. The middle class, which is the most likely to travel, will increase from 1.1 billion to 3 .2 billion and the propensity to travel is set to almost triple by 2040.
Of the demand for 17,620 aircraft, 13,660 belong to the small category such as the Airbus A220 and A320 family.
In the medium and long-term categories, Asia-Pacific will continue to drive demand with around 42% of global needs. This translates to 2,470 medium aircraft and 1,490 large categories.
Christian Scherer, Chief Commercial Officer and Director of Airbus International, said: “We are seeing a global recovery in air traffic and, as travel restrictions are further eased, the Asia-Pacific region will once again become one of its main We are confident in a strong rebound in traffic from the region and expect it to reach 2019 levels between 2023 and 2025.
“With an ever-increasing focus on efficiency and sustainable aviation in the region, our products are particularly well positioned.”
Scherer added: “Our modern portfolio offers 20% to 25% fuel burn and therefore a CO2 advantage over older generation aircraft and we are proud that all of our aeronautical products are already certified. to fly with a 50% mixture of SAF, which should reach 100% by 2030.
“In addition, our Newly launched A350F offers 10% to 40% efficiency gains over any other large freighter, existing or planned, in both fuel consumption and CO2 emissions.
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