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Australia, New Zealand, Transport

Airbus predicts steady regional growth for new aircraft

Airbus believes there will be demand for 736 new freighter and passenger aircraft in Australia, New Zealand and the Pacific Islands valued at $98 billion over the next two decades.

Airbus says the region’s growth rate is expected to be 4.8% per year, matching the world average but outstripping other mature markets.

Low-cost carriers will continue to expand and their market share of traffic between the region and Asia is expected to increase to around 35% by 2030, Airbus says.

The region’s proximity to Southeast Asia, China and India will also drive traffic growth, said Airbus. China and India will be at the center of the world’s strongest demand for aircraft (34%) and by 2030, the largest share of traffic (33%).

 

Full Airbus statement

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About Samantha Magick

Journalist and editor

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