Airbus projects £1.9trn demand for planes

Some 25,000 commercial aircraft with a total value of $3.1 trillion (£1.9 trillion) will be delivered over the next two decades as emerging economies, the need for more ecologically-efficient planes and growing low-cost carriers boost demand, Airbus said yesterday.
Although revenue passenger kilometres (RPKs) – the airline industry's key income measure – is set to drop by 2 per cent this year, it is expected to rise by 4.6 per cent in 2010 and double over the next 15 years, according to Airbus estimates. The result will be $2.9 trillion-worth of spending on new passenger aircraft as carriers upgrade aging fleets and buy bigger planes. The strongest demand will come from Asia-Pacific, boosted by massive growth in China and India.
18/09/09 Sarah Arnott/The Independent, UK

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Categories: Foreign Sep 2009, Indian Aviation- In General Sep 2009