TECH - Boeing Rival Airbus Foresees Global Fleet Doubling In Two Decades Amid Soaring Demand | Benzinga
In a recent update to its 20-year forecast, Boeing’s (NYSE:BA) rival Airbus (OTC:EADSY) predicts a significant surge in demand for jetliners over the next two decades. The company’s projections are driven by the modernization of long-haul fleets by airlines and the continuous growth of Asian economies.
What Happened: Airbus, the world’s leading planemaker, anticipates the global fleet to more than double, reaching 48,230 planes in the next 20 years, Reuters reported on Monday. The company also foresees industry-wide deliveries of 42,430 new airplanes, including 41,490 passenger jets, which marks a 4% increase from the previous survey.
The demand for larger wide-body planes is seeing a sharp increase as airlines look to renew capacity. Airbus has revised its total wide-body demand forecast by 9% to 8,920 units. The most significant ...