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Airbus: Emerging Markets + New Airplanes + Pilots => Economic Growth..!

Airbus predicts that emerging markets are going to have a leading role in future journeys by taking advantage of modern airplanes. Airbus expects an annual growth of 4.7% of air traffic in the next 20 years:

Over 29,000 new aircraft required in the next 20 years | Airbus Press …

As aviation becomes increasingly accessible in all parts of the world, future Journeys will increasingly be made by air particularly to and from emerging markets. According to Airbus’ latest Global Market Forecast (GMF) in the next 20 years (2013-2032), air traffic will grow at 4.7 per cent annually requiring over 29,220 new passenger and freighter aircraft valued at nearly US$4.4 trillion. Some 28,350 of these are passenger aircraft valued at US$4.1 trillion. Of these, some 10,400 will replace existing aircraft with more efficient ones. With today’s fleet of 17,740 aircraft, it means that by 2032, the worldwide fleet will double to nearly 36,560 aircraft. Economic growth, growing middle classes, affordability, ease of travel, urbanisation, tourism, and migration are some factors increasing connectivity between people and regions and how often they travel. Increasing urbanisation will lead to a doubling of mega cities from 42 today to 89 by 2032, and 99 per cent of the world’s long-haul traffic will be between or through these. Traffic growth has led to average aircraft size ‘growing’ by 25 per cent with airlines selecting larger aircraft or up-sizing existing backlogs. Larger aircraft like the A380 combined with higher load factors make the most efficient use of limited slots and contribute to rising passenger numbers without additional flights as announced by London’s Heathrow Airport. A focus on sustainable growth enabled fuel burn and noise reductions of at least 70 per cent in the last 40 years and this trend continues with innovations like the A320neo, the A320 Sharklet, the A380 and the A350 XWB. “By 2032, Asia-Pacific will lead the world in traffic overtaking Europe and North America. Today on average, a fifth of the population of the emerging markets take a flight annually and by 2032, this will swell to two thirds. The attraction of air travel means that passenger numbers will more than double from today’s 2.9 billion, to 6.7 billion by 2032, clearly demonstrating aviation’s essential role in economic growth,” said John Leahy, Chief Operating Officer – Customers. Domestic flows are also set to rise strongly with domestic India growing at the fastest rate (nearly 10 per cent), followed by China and Brazil (seven per cent). Overall, with an above world average traffic growth rate of 5.5 per cent, Asia-Pacific will account for 36 per cent of all new passenger aircraft demand, followed by Europe (20 per cent) and North America (19 per cent).

Airbus, A350 XWB FA Beluga 2

More importantly, the global aviation industry is going to need about 1 million pilots and technicians till 2033, for covering the growing needs of air traffic and also effectively facilitating the use of innovative aircraft:

Airbus, Boeing project commercial aviation needs – UPI.com

New analysis of commercial aviation cites the need for more than 29,000 new aircraft in the next 20 years and more than 1 million pilots and technicians. The projections came from Airbus of France and Boeing of the United States. ”As aviation becomes increasingly accessible in all parts of the world, future journeys will increasingly be made by air, particularly to and from emerging markets, according to Airbus’ Global Market Forecast. “In the next 20 years [2013-32], air traffic will grow at 4.7 percent annually, requiring over 29,220 new passenger and freighter aircraft valued at nearly $4.4 trillion.” Boeing, in its 2013 Pilot and Technician Outlook, said Boeing “projects the commercial aviation industry will need more than 1 million new pilots and technicians to support the expanding demand for new airplane deliveries over the next two decades. ”Projected pilot demand is increasing worldwide, as is demand for technicians in some regions.” According to Airbus, economic growth, coupled with a growing middle class worldwide, affordability and ease of travel, urbanization, tourism, and migration are factors in the growth of commercial aviation. Mega cities are expected to double by 2032 — 42 mega cities to 89 — and 99 percent of the world’s long-haul traffic will be between or through these. ”By 2032, Asia-Pacific will lead the world in traffic overtaking Europe and North America,” said John Leahy, Airbus’ chief operating officer. “Today, on average, a fifth of the population of the emerging markets take a flight annually and by 2032, this will swell to two thirds. ”The attraction of air travel means that passenger numbers will more than double from today’s 2.9 billion, to 6.7 billion by 2032, clearly demonstrating aviation’s essential role in economic growth.” Airbus also projects a rise is domestic air travel with India, China and Brazil leading. In terms of aircraft needed, the Asia-Pacific region will account for 36 percent of all new passenger aircraft demand, followed by Europe (20 percent) and North America (19 percent).

Additionally, there is a strong indication of the “new” aircraft needs and the best proof for that need is the “opening” achieved by Airbus in the Chinese market:

Airbus secures huge orders from Chinese airlines – Deutsche Welle

The European plane maker said Qingdao Airlines requested 23 planes, while Zhejiang Loong Airlines ordered 20. Both airlines’ orders included a large proportion of A320neos (pictured) which Airbus designed with fuel efficiency and emission reductions in mind. BOC Aviation as the aircraft-leasing arm of the major state-owned Bank of China also ordered a total of 25 planes.  The purchases are still subject to approval from Chinese authorities. ”We welcome Qingdao Airlines as a new member of the big Airbus family,” Chief Operating Officer for Customers, John Leahy, said in a statement. ”And the commitment from Zhejiang Loong Airlines is also another vote of confidence for our popular A320 family.” Airbus has a factory in China that assembles A320 series planes.

Finally, the aviation industry is to be a true locomotive for the global economy. Airbus + Boeing are here…



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