Forecast: Number of airplanes predicted to be more than double by the next 20 years

Thursday, September 19, 2019

According to the latest Airbus Global Market Forecast by 2028 there will be 48,000 passenger and freighter aircraft flying which will be up from almost 23,000 from today.

More than 39,000 new aircraft will be built to increase the number and more than half a million pilots will be needed.

Only 8,740 planes will remain from the current fleet flying today in two decade’s time and the growth will come from the fuel-efficient aircraft.

The plane maker forecasted that the air traffic is set to grow at 4.3 per cent a year.

Christian Scherer, Airbus chief commercial officer and head of Airbus International said that the  resilient nature of the aviation can be visualised by the 4 per cent annual growth weathering short term economic shocks and geopolitical disturbances.Economies thrive on air transportation. People and goods want to connect.

Commercial aviation stimulates GDP growth and support 65 million livelihoods which shows the immense benefits their businesses brings to all societies and global trade.

It had been predicted earlier this week by Boeing that China will soon be the world’s largest aviation market and will require more than 8,000 planes to keep pace with demand.Every year the number of people flying is growing continuously.

As per the figures by International Air Transport Association (IATA) there was an increase of 6.9 percent year on year, in 2018 more than 4.4 billion people flew.

It was also revealed that more Britons flew last year totaling 8.6 per cent.

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