Airbus forecasts demand for over 19,000 new aircraft in Asia Pacific by 2045

Airbus has forecasted an increase in demand for 19,120 new passenger aircraft in the Asia Pacific region by 2045, with 6,373 of these aircraft for fleet replacement and the remaining 12,747 to support airline growth. The Asia Pacific region is projected to account for 45% of the total global demand for 42,060 new aircraft over the next two decades.

The growth in demand is attributed to robust economic fundamentals, including a projected three billion people in the middle-income population by 2045 and rapid urbanisation, which is making air travel increasingly essential for social and economic prosperity. Airbus is well-positioned to meet the region's widebody jet requirements with its A330neo and A350 families, which have seen the company increase its share of the widebody backlog in the region to 50% over the past three years.

Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.