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Airbus raises 20-year forecast but trims traffic outlook; predicts $5.3 trn jet demand

It also estimated strong demand for repairs, training and upgrade work

Reuters  |  Toulouse 

Airbus raised its 20-year forecast for aircraft demand on Friday to 34,170 jetliners and 730 freighters worth $5.3 trillion while trimming its traffic growth outlook. The world's second largest planemaker after Boeing also forecast on Friday strong demand for repairs, training and upgrade work as the world's fleet tops 40,000 jets by 2036. But in online presentations ahead of a media briefing, it trimmed its rolling 20-year forecast for air traffic growth to 4.4 per cent a year, from 4.5 per cent as it took a more cautious view on mature markets such as North ...

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First Published: Fri, June 09 2017. 16:18 IST