Airbus Projects Demand for Widebody Aircraft in Asia-Pacific Driven by Cathay Pacific and Japan Airlines
Asia-Pacific Aircraft Demand Forecast
Airbus has increased its Asia-Pacific aircraft forecast to a remarkable 19,500 planes required over the next 20 years. With Cathay Pacific and Japan Airlines leading the charge, this demand reflects a substantial growth trajectory for the region.
Factors Driving Aircraft Demand
- Meeting passenger connectivity needs
- Supporting increasing cargo demands
Anand Stanley, president of Airbus Asia-Pacific, presented these forecasts during the Association of Asia-Pacific Airlines’ conference in Brunei. This indicating a 3% year-on-year growth in aircraft requirements.
Widebody Aircraft Market Share
With this growth, Airbus now commands over 50% of the widebody aircraft backlog in the region, primarily attributed to successful models like the A330neo and A350. Stanley noted that this marks the first time Airbus has achieved this milestone.
Future Projections
- 16,000 single-aisle aircraft will be required.
- 3,500 long-range aircraft are anticipated.
- 250 new freighter aircraft will cater to cargo needs.
In August, Cathay Pacific announced a significant investment initiative exceeding HK$100 billion, intending to bolster its fleet with 30 new Airbus aircraft, contributing to an expected total of 150 orders by 2028.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.