Tag: market growth

Heathrow Airport Flies to Busiest First Half

Reading Time: 2 minutes Strong passenger satisfaction scores pushed up demand to fly from the UK’s hub to an all-time high of 38.1 million passengers (+2.5%), with growth across all markets. Four new connections to China in 2018 helped trade through Heathrow grow 2.2% to 841,449 tonnes of cargo. Summer getaway pushes sales higher – As the summer getaway […]

Embraer Foresees Demand for 10,550 New Aircraft Over the Next 20 years

Reading Time: 1 minute Embraer forecasts demand for 10,550 new aircraft with up to 150 seats worldwide, worth USD 600 billion, over the next 20 years. The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation. Market growth will drive 65% of this demand, while the remaining 35% will replace ageing […]

Double Digit Growth for Global Air Freight Demand in July

Reading Time: 3 minutes The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 11.4% in July 2017 compared to the same period a year ago. This was the fourth time in five months that double-digit annual growth was recorded. July’s year-on-year increase in demand […]

Turkish Aviation Sector To Grow Further With Istanbul’s Third Airport

Reading Time: 2 minutes Turkey’s aviation sector, which grew by 14 percent over the past decade, is expected to grow even further once the Istanbul Third Airport becomes operational. The airport, set to open Oct. 29, 2018, is expected to be the largest airport in the world when completed in 2023 and will serve as Turkey’s primary airport and […]

Global Air Freight Demand Increases 13% in May

Reading Time: 3 minutes The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew 12.7% in May 2017 compared to the year-earlier period. This was up from the 8.7% annual growth recorded in April 2017 and is more than three times higher than the five year […]

Stable Market Creates Room For Russian MRO Growth

Reading Time: 1 minute After a dip in the market, The Aviation Maintenance Holding now predicts Russia will experience an upswing in the next five years. When will we see growth in the MRO sector and how soon? Igor Panshin, Deputy GD Sales & Planning, Engineering, for The Aviation Maintenance Holding, says, “I think you will see growth in […]

Airbus Delivers the Americas’ First A320neo to LATAM Airlines Group

Reading Time: 2 minutes LATAM Airlines Group (LATAM), Latin America’s leading airline group, took delivery of its first A320neo – showcasing its white, indigo and coral livery and powered by Pratt & Whitney Pure Power PW1100-JM engines – on Monday, August 29, at Airbus headquarters in Toulouse. LATAM Airlines Brasil will become the first airline in North and South […]

Airbus: Over 500,000 New Pilots and 33,000 Planes Required

Reading Time: 3 minutes In the next 20 years (2016-2035), according to Airbus’ Global Market Forecast, passenger traffic will grow at an average 4.5% a year, driving a need for over 33,000 new aircraft above 100 seats (32,425 passenger & 645 freighters greater than 10 tonnes) worth US$5.2 trillion. By 2035, the world’s aircraft fleet will have doubled from […]

Boeing Forecasts Demand for 39,620 New Airplanes Valued at $5.9 Trillion

Reading Time: 2 minutes Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 percent over last year’s forecast. Boeing released its annual Current Market Outlook (CMO) on the first day of the 2016 Farnborough International Airshow, estimating the total value of those new airplanes at $5.9 trillion. “Despite recent events that […]

Asia-Pacific Is A Key A380 Market Today And For The Future

Reading Time: 2 minutes The A380 has literally changed the shape of air transportation in Asia-Pacific, and will continue to play an important role as this region’s dynamic passenger traffic develops during the years to come. Asia-Pacific is a major “home” for the A380: almost half of the global customer base for Airbus’ 21st century flagship jetliner is located […]