Airbus Raises Its Forecast for Demand |
| New York Times - Sep 19, 2011 |
Despite concerns that current financial market turmoil could upend a global economic recovery, the European plane maker Airbus raised its long-range forecast for commercial aircraft demand Monday, citing expectations of increasing wealth in fast-growing Asia and the continued expansion of low-cost airlines in the United States and Europe.
Airbus predicted that airlines would buy 27,800 new jets by 2030, up 7 percent from a forecast of 26,000 planes, which was made last December before a wave of orders this year for new Airbus jets from Asian carriers. The company, based in Toulouse, France, said the new orders would be worth $3.5 trillion, up 9.4 percent from the $3.2 trillion forecast nine months ago.
In June, Boeing, based in Chicago, predicted sales of 33,500 new jets through 2030, worth $4 trillion. Boeing’s figures include smaller regional jets with 70 to 100 seats, whereas Airbus’s forecast is for aircraft that seat 100 or more passengers.
Read Full Article from New York Times
- Posted: 2011-09-19 11:53:53
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