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News Summary: Airbus sees aircraft fleet doubling

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The Associated Press | September 24, 2013 11:26 AM EST | AP


TAKING OFF: Airbus is predicting that the number of jet planes around the world will double in the next 20 years, largely to satisfy demand in emerging markets, particularly China.

POTENTIAL: That will require 29,220 new passenger and freighter aircraft, of which 10,400 will replace existing planes with more efficient ones. The forecast is an increase from last year's, in which Airbus predicted 28,200 aircraft would need to be built through to 2031.

13 DIGITS: Airbus values the new aircraft needs at $4.4 trillion. Single-aisle aircraft are expected to account for around two-thirds of the new production, while a little over 1,700 very large aircraft, such as Airbus' superjumbo A380, will have to be built. By 2032, Airbus says the worldwide fleet will double to nearly 36,560.