HONG KONG: One third of new aircraft for Asia-Pac
Asia-Pacific airlines are expected to take delivery of around 8,560 new aircraft over the next 20 years, according to European aircraft manufacturer Airbus. Valued at US$1.2 trillion, the requirement represents 33 per cent of new aircraft deliveries worldwide over the forecast period, with the region overtaking North America and Europe as the largest air transport […]
April 1, 2011
Asia-Pacific airlines are expected to take delivery of around 8,560 new aircraft over the next 20 years, according to European aircraft manufacturer Airbus. Valued at US$1.2 trillion, the requirement represents 33 per cent of new aircraft deliveries worldwide over the forecast period, with the region overtaking North America and Europe as the largest air transport market. “Within the next 20 years Asia-Pacific airlines will be carrying a third of all passenger traffic worldwide and two thirds of all freight passing through the region,” said Chris Emerson, senior VP Product Strategy and Market Forecast presenting the forecast at Air Freight Asia 2011. “In order to meet the expected demand efficiently, larger aircraft will be needed to ease congestion and do more with less.” In the cargo sector, the region will continue to dominate the global market, with the dedicated freighter fleet operated by Asia-Pacific airlines growing almost four times to 1,056 aircraft. While many of these will be converted from passenger models, Airbus predicts that around 270 new production freighters will be delivered to the region over the next two decades. This represents over 30 per cent of expected global demand for new production freighters. The Airbus forecast – presented at Air Freight Asia 2011 – is based on stronger than average growth in both passenger and freight traffic in the region, combined with replacement of many of the existing aircraft in service. In terms of growth, Airbus expects the number of passengers carried by Asia-Pacific airlines to rise by 5.8 per cent per year while the amount of freight passing through the region will increase by seven per cent annually. This compares with global average increases of 4.8 per cent in the passenger market and 5.9 per cent for cargo. At the same time, carriers in the region are expected to replace 78 per cent of the 3,680 aircraft currently in service, ensuring that they continue to operate some of the youngest and most eco-efficient fleets in the world. Airbus predicts that the region will continue to drive demand for larger aircraft types, reflecting the concentration of populations in the region around the main urban centres and the need for more seats between fast-growing mega-cities. As a result, carriers in the region will acquire around 3,360 new widebody aircraft over the next two decades. This represents 40 per cent of all widebody deliveries worldwide and includes some 780 very large aircraft such as the A380 and around 2,580 twin aisle widebodies such as the A330 and new A350 XWB. Although a predominantly widebody market, demand for single aisle aircraft in the region is expected to accelerate in the coming years, with a requirement for some 5,200 new airliners in the 100 – 210 seat category, such as the A320 Family. The increase will be driven primarily by the growth of low cost carriers, as well as the opening of new secondary short haul routes, especially in China, India and Southeast Asia.