September 17: The world’s two premier airliner manufacturers both made long-term forecasts predicting a need for between 25,000 – 29,000 aircraft over the next 20 years.
Of the two, Boeing is the most bullish, with worldwide investments of $3.2 trillion for 29,000 new commercial airliners forecast, while Airbus forsees a similar value at $3.1 trillion for 4,000 less aeroplanes. Airbus believes that “Larger aircraft in all size categories are required to help ease aircraft congestion and to accommodate growth on existing routes and to achieve more with less,” clearly a nod to its attempts to market its flagship A380 ‘super jumbo’.
Both companies believe that the greatest demand for passenger aircraft will be from airlines in Asia-Pacific, primarily the People’s Republic of China and India. The region will account for 31% of orders according to Airbus, with Boeing appraising the Chinese market at 3,770 new aircraft, valued at $400 billion. “China is the world’s most dynamic market for commercial aircraft,” said Randy Tinseth, Boeing Commercial Airplanes Vice President – Marketing. “The strong domestic air travel growth in China in the first half of 2009 gives us confidence that the world aviation industry is beginning to recover.”