Steady need for new planes: Airbus

DUBAI:

The pandemic will have no long-term impact on the need for new aircraft, according to a market outlook released on Saturday by European plane maker Airbus, which foresees greener fleets emitting less CO2.

There would be demand for 39,020 new passenger and freighter aircraft by 2040, bringing the global fleet to 46,720, the company said, releasing its outlook ahead of the Dubai Airshow’s opening on Sunday.

The forecast is not far off the 39,210 planes Airbus estimated in its 20-year market forecast issued in September 2019 - before a Covid-induced downturn, which will still leave airlines with close to $52 billion in losses this year. Airbus’ American rival Boeing is still losing money.

Published in The Express Tribune, November 14^th, 2021.

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