Reading Time: 2 minutes The world’s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes as traffic is set to grow at 4.4 percent per year, according to Airbus’ latest Global Market Forecast 2017-2036. Over this period, increasing numbers of first time flyers, rising disposable income spent […]
Reading Time: 2 minutes From 2016-2035, Latin America will require 2,570 new passenger and freighter aircraft, including 2,030 single-aisle and 540 widebody, worth an estimated US$350 billion. According to the most recent Airbus Global Market Forecast presented by Rafael Alonso, President of Airbus Latin America and Caribbean, at the International Brazil Air Show, Latin America’s passenger and freighter fleet […]
Reading Time: < 1 minute The FAA released its annual Aerospace Forecast Report Fiscal Years 2017 to 2037 in which it has predicted sustained and continual growth in most aspects, from general aviation private flying to large commercial passenger airlines. It has predicted a 2.4 percent annual growth in RPMs (Revenue Passenger Miles) between 2016 and 2037 for mainline and […]
Reading Time: 3 minutes Russian airlines will require from 1,700 to 2,000 new passenger aircraft through 2035. More than a half of this number, from 1,100 to 1,300 units will be mainline airliners, Russia’s vice-minister for transport, Valeriy Okulov forecasted. The government hopes to meet with demand with locally made commercial aircraft. “The average annual acquisitions rate stands at […]
Reading Time: 4 minutes The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs coupled with a sluggish global economy lead IATA forecasters to believe 2017’s industry net profit will be almost $6 billion lower than 2016’s expected profit. If the global airline industry posts a net profit of $29.8 billion in 2017, […]
Reading Time: 1 minute Airbus tentatively aims to deliver as many as 80 A350 jetliners in 2017, two people familiar with the plans said. The target marks a new stage in ambitious plans to raise output of the company’s newest long-haul jet to 10 a month in 2018, but depends mainly on how successful suppliers will be in curbing […]
Reading Time: 2 minutes Airbus forecasts that China will need nearly 6,000 new passenger aircraft and freighters from 2016 to 2035, with a total market value of US$ 945 billion. It represents 18 per cent of the world total demand for over 33,000 new aircraft in the next 20 years. According to Airbus’ 2016-2035 Global Market Forecast, new deliveries […]
Reading Time: < 1 minute Federal aviation officials say so many people are registering drones and applying for drone pilot licenses, they wonder if there will eventually be millions of drones crowding the nation’s skies. Earl Lawrence is director of the Federal Aviation Administration. Lawrence told a government-industry committee Friday that 550,000 drones have been registered with the agency in […]
Reading Time: 2 minutes China’s leading provider of commercial airplanes, projects a demand for 6,810 new airplanes in China over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) today in Beijing, estimating the total value of those new airplanes at $1.025 trillion. China becomes the first trillion dollar aviation market in Boeing’s forecast. “As […]
Reading Time: < 1 minute Boeing forecasts market demand for 1,170 new airplanes in Russia and the CIS region over the next 20 years, valued at $140 billion. The company released the numbers as part of its annual Current Market Outlook (CMO) for Russia and the CIS region. International traffic is expected to grow at an annual rate of 4.8 […]