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Home News Global aircraft market worth 2.8 trillion dollars by 2026

Global aircraft market worth 2.8 trillion dollars by 2026

Published on 08/02/2008

   LONDON, February 8, 2008  - European aircraft maker Airbus said Thursdaythat the global aircraft market would be worth 2.8 trillion dollars (1.9trillion euros) between 2007 and 2026, with total production at 24,300 planes.   Airbus gave the figures as it unveiled its latest long-term outlook for theaerospace industry at a press conference in London.   The figures are higher than previous predictions given two years ago, whenAirbus forecast that the global market would be worth 2.6 trillion dollars for2006-2025 with production of 22,700 planes.   Airbus said Thursday the industry would deliver an average of 1,215aircraft per year during the period, compared with the previous annual averageprediction of 1,130 plane deliveries.   Higher aircraft production will help meet a 4.9 percent annual increase inpassenger traffic and a 5.8 percent annual rise in freight traffic, accordingto the group's forecasts.   "Air transportation is definitely a growing industry contributing toeconomic development and generating wealth around the world," Airbus ChiefOperating Officer/Customers John Leahy told reporters in London.   "We are committed to being a key player in making this industryeco-efficient by providing the most technologically advanced product andresponding with a full life-cycle approach."