Airbus' Global Market Forecast has indicated that nearly 26,000 new cargo and passenger aircraft will be required in the next 20 years. This great demand is driven by a number of factors, including increased growth in air travel throughout the world and replacement of aircraft for newer, more fuel efficient and eco-friendly models. The dynamic growth in newer markets, especially among Asia's low-cost air carriers, is another strong factor.
In passenger air traffic volume, domestic US leads the world with 11%, followed by domestic air traffic in China with 8% of the world's total. Intra-European travel ranks next with 7%.
According the Airbus forecasts, airlines in the Asia Pacific region, which includes India and China, are expected to carry one-third of the world's passenger travel by 2029. This will overtake both the US and Europe, which are each expected to account for 23% by 2029.
The number of very large aircraft, such as the Airbus A380, is expected to be over 1,700 by 2029. And for twin-aisle aircraft, over 6,000 new passenger and cargo aircraft will be delivered in the next 20 years. In the single-aisle aircraft segment -- a favorite with regional and low-cost airlines -- almost 18,000 aircraft are expected to be delivered in the next 20 years.
Would you like to be one of the pilots for these new aircraft? Phoenix East Aviation has been training pilots for airlines worldwide since 1972. See www.pea.com for just some of the airlines PEA graduates are flying for. Contact an admissions officer to learn more about how you can begin your flight training.
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