Airbus Expects 3.6% Annual Air Traffic Growth to Fuel Demand for New Planes
Airbus AIR -0.18%decrease; red down pointing triangle said it expects passenger traffic to grow 3.6% annually over the long term, led by growth in domestic India flights and across Asia.
The plane manufacturer said that the growth in air travel will require 43,400 new passenger and freighter aircraft deliveries over the next 20 years. Around 34,250 will be single aisle and 9,170 will be widebodies, it said.
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