Airbus projects resilient growth of services market in the next 20 years
France, Oct. 9 -- In its latest Global Services Forecast (GSF), Airbus anticipates that the total demand for services will see a 10% year-on-year increase in 2025, and this will continue to grow alongside expanded air traffic, reaching an estimated value of US$311 billion by 2044 (anticipating a CAGR of 3.6%). With around half of the global fleet of aircraft above 100 seats composed of Airbus aircraft, the service sector to keep these aircraft flying efficiently shows a strong growth potential. Global passenger traffic is set to reach a record five billion passengers in 2025, with airlines facing the challenge of maintaining high levels of fleet availability, reliability and operational excellence as well as efficiency. People and commerce ...
To read the full article or to get the complete feed from this publication, please
Contact Us.