Airbus order forecast soars over 20 years

16th December 2004, Comments 0 comments

LONDON, Dec 15 (AFP) - The European aircraft manufacturer Airbus said Wednesday it sees orders for 17,328 commercial airplanes between now and 2023, or 866 a year, with a total value of USD 1.9 trillion (EUR 1.42 trillion).

LONDON, Dec 15 (AFP) - The European aircraft manufacturer Airbus said Wednesday it sees orders for 17,328 commercial airplanes between now and 2023, or 866 a year, with a total value of USD 1.9 trillion (EUR 1.42 trillion).

Of this total, Airbus Industrie forecasts market demand for freight transport planes will reach 727, or 36 per year, the group said in a market outlook presented here.

Airbus said its forecasts were based on an expected rise in passenger traffic of 11.4 percent in 2004 from 2003, and on average annual growth of 5.3 percent up to 2023.

For freight, annual growth, measured by tonnes per kilometre, is expected to average 5.9 percent a year over the next 20 years, Airbus said.

Between now and 2023 "China is going to grow faster than the rest of the world", Airbus vice president for market forecast and research, Laurent Rouaud, told a news conference.

By 2023, 31 percent of world traffic, measured by revenues per kilometre, will be enjoyed by the Asia-Pacific region compared with 25 percent currently, according to Airbus forecasts.

Airbus said that by 2010, 130 weekly flights to China would be served by its new super-jumbo A380 aircraft.

"We are even more bullish for the freight side," Rouaud said.

Airbus has forecast average annual growth of 10.1 percent for Chinese freight traffic over the next 20 years, compared with 5.9 percent world growth.

Airbus Industrie is owned 80 percent by the European Aeronautic Defence and Space Company (EADS) and 20 percent by BAE Systems of Britain.

The presentation in London came as EADS co-chief Rainer Hertrich said the cost of developing Airbus' A380 super-jumbo would be much higher than planned.

In comments to journalists late Tuesday, but released for publication only on Wednesday, Hertrich said the research and development costs of the giant 555-seater aircraft would be EUR 1.45 billion (USD 1.9 billion) higher than planned.

But he said EADS still hoped to meet or exceed its earnings forecasts this year.

© AFP

Subject: French News

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