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Airbus forecasts demand for over 28,000 new aircraft in the next 20 years

Hot on the heels of Boeing’s report about the requirement for one million highly-trained aviation professionals by 2031, Airbus has released its own annual forecast detailing predicted aircraft demand over the next two decades.

Released today, Airbus’ latest Global Market Forecast (GMF) identifies a need for over 28,000 commercial passenger and freighter aircraft between 2012 and 2031 – with emerging economic regions including China and India representing more than half of all air traffic growth in the next 20 years.

The manufacturer says increasing urbanisation and the doubling of the world’s middle classes to five billion people is also driving growth. By 2031 the number of mega cities will more than double to 92 and over 90 per cent of the world’s traffic will be between or through these points.

It’s predicted that by 2031 the world’s passenger fleet will have expanded by 110 per cent from slightly over 15,550 today to over 32,550. In the same period, the world’s freighter fleet will almost double from 1,600 to 3,000 aircraft.

You can read more on the Airbus website