LONDON United Kingdom (Xinhua) --
The world’s passenger fleet will more than
double to 48,000 aircraft in 20 years with traffic growing at a
resilient 4.4 percent per year, driving a need for 37,390 new
passenger and freighter aircraft, Airbus said in its new Global
Market Forecast 2018-2037 released Friday in London.
According to the
report, growth drivers include private consumption increasing
2.4 times in emerging economies, higher disposable incomes and a
near doubling of the middle classes globally. Emerging countries
will account for over 60 percent of economic growth, with trips
per capita to multiply 2.5 times for these nations. Combined
with evolving airline business models and continuing
liberalisation, the growing scale of air transportation will
lead to an increasing resilience to regional slowdowns.
range and capacity through technological developments allow
airlines the flexibility to explore new business opportunities
whilst maintaining focus on cost reduction.
“There is a growing
trend to use aircraft across a broader range of operations, with
today’s more capable aircraft blurring the boundaries between
market segments. These realities made us develop a new
segmentation with Small, Medium, Large and Extra-Large
categories, reflecting more closely the way airlines operate
aircraft,” said Eric Schulz, Airbus Chief Commercial Officer.”
According to the
report, in the Small segment typically covering the space where
most of today’s single-aisle aircraft compete, there is a
forecast future requirement for about 28,550 new aircraft,
representing more than three-quarters of total expected demand.
In the Medium
segment, for missions requiring additional capacity and range
flexibility, represented by smaller widebodies and longer-range
single-aisle aircraft, Airbus forecasts demand for around 5,480
passenger and freight aircraft.
capacity and range flexibility,, there is a need for about 1,760
aircraft. In the Extra-Large segment, typically reflecting high
capacity and long range missions by the largest aircraft types,
Airbus forecasts demand for nearly 1,590 aircraft over the next
Of the 37,390 new
aircraft required, 26,540 are for growth and 10,850 will replace
older generation less fuel efficient aircraft. The more than
doubling in the world fleet to 48,000 aircraft results in a need
for 540,000 new pilots. Airbus continues to evolve its service
business to meet the needs of its growing customer base.
Airbus’ CEO Tom
Enders told Xinhua that his company attaches importance to
China’s market as Airbus is increasing procurement from Chinese
“Well absolutely I
mean the market is vital for us otherwise it would not been the
market, the place that we put our first final assembly line
(outside Europe)ever. We have expanded on this foot print, we
are now having a completing center also for A330, our
corporation volume, our procurement volume with Chinese partners
is steadily increasing. And I am absolutely positive on our
further development in China.”
Schulz also said
China’s market is a very important one out of all of the market
in the world because is the fastest growing single market.
“Basically in China
today the rate of air transport is quite low and the middle
class population is flying less than basically 0.1-0.2 flight to
year, which means basically that is where the big growth is
coming and of course we are working very very close with all of
our Chinese customer which are as you know, big range of
customer including leasing companies because this is the market
that is also accelerating on the leasing side as well as on the
passenger commercial side,” he said.
Airbus is a global
leader in aeronautics, space and related services. In 2017 it
generated revenues of 59 billion euro restated for IFRS 15 and
employed a workforce of around 129,000. Airbus offers the most
comprehensive range of passenger airliners from 100 to more than
600 seats. (1 euro = 1.17 U.S. dollars)
Spotlight: China’s reform,
opening-up enables Airbus to fly higher
By Han Qian PARIS France (Xinhua) --
China began its historic journey of reform and
opening-up in 1978. In the past 40 years, the drive has lifted
the country into the world’s second largest economy.
Over the past 40
years, China’s GDP has averaged an annual growth rate of around
9.5 percent in comparable prices.
The long-held policy
not only brings China rapid and sustainable development, but
also enables the country to have contributed greater momentum to
global economy and created huge opportunities for
Among them is
Airbus, Europe’s largest aircraft manufacturer.
Airbus embarked on
its partnership journey with China more than three decades ago.
In 1985, China bought its first Airbus aircraft; in 1994, the
group established its first official presence in Beijing.
“I am particularly
proud of this history,” Airbus CEO Tom Enders told Xinhua in a
Enders noted the
partnership between China and Airbus had taken a leap forward
over the past 10 years, with the group’s first final assembly
line outside of Europe beginning operation in Tianjin in 2008.
The group has
remarkably expanded the number of its commercial aircraft sold
to China. By late 2017, there were more than 1,500 Airbus
commercial jetliners in service in China, and deliveries to the
country represent nearly a quarter of Airbus’ total jetliner
Also in 2017, Airbus
announced the establishment of its second global innovation
center, following the one in Silicon Valley, in Shenzhen, the
pioneering city of China’s reform and opening-up.
Nowadays, more than
1,900 Airbus employees work in China, many of whom at the final
assembly line in Tianjin, which had assembled and delivered 352
A320 aircraft by late 2017.
As head of the
Tianjin final assembly line project, Laurence Barron, former CEO
of Airbus China, has a vivid memory of how vegetable fields
turned into a factory in two and a half years and rapidly
developed into a new industrial zone.
“Change is the word
I would use to describe modern China. Subways, roads, a new
airport open in Beijing next year...everything has changed at a
very fast speed in Beijing and that’s one of the reasons I like
to live there, because it is a very dynamic city,” Barron told
Xinhua in an interview.
The first time
Barron went to China was in the summer of 2003. He took office
as the CEO of Airbus China one year later and has worked and
lived in China ever since.
Barron recalled that
from 1985, when Airbus delivered the first aircraft to China, to
1994, when Airbus set up its official bureau in Beijing, fewer
than 20 Airbus aircraft had been delivered to China.
made by Airbus in China is a good example of how foreign
companies can take advantage of the reform and opening up and
better position themselves in China,” Barron said.
Chinese reform and opening up, Barron said many of the
restrictions and obligations for foreign companies to set up
businesses in China have been eased and relaxed, which will
certainly encourage more foreign companies to go to the world’s
largest emerging economy with vast market potential,
“Opening up is a
win-win for both foreign companies and China,” Barron said.
At the 2018 annual
conference of the Boao Forum for Asia in April, China announced
several significant measures to enhance opening up, including
cutting auto import taxes, and has promised to ease limitation
on foreign equity in banking, security, and insurance
Enders said that
over the years of cooperation with China, Airbus has had an
increasing number of partners and suppliers in the country.
Meanwhile, the global leading aircraft manufacturer has also
seen the Chinese aviation industry becoming more mature and
underestimate the capabilities and strength of China’s aviation
industry. We believe that China can create competitive products.
Competition is a good thing for the aviation industry,” said
Today, beyond its
role of important customer and supplier to Airbus, China has
also become a strategic partner for the company. The cooperation
spans various areas, from commercial aircraft to helicopters,
defense, space, and innovation.
division in China held a 40 percent market share as of late
2017. An H135 helicopter final assembly line is under
construction in Qingdao, Shandong province, which will become
the first H135 final assembly line outside of Europe.
passed in China will help open lower-altitude airspace in the
coming years, handing flight control from the military to civil
aviation authorities. With only 900 or so civil helicopters in
service in the whole country (as of late 2017), this will lead
to tremendous possibilities for growth, making China the future
world’s largest rotorcraft market.
Xu Gang, CEO of
Airbus China said Airbus’ cooperation with China had been
fruitful in the fields of market, capital, industry, and
innovation and has made great progress in the past.
Xu said with China’s
further reform and opening up, the company will seek more
cooperation opportunities and integrate more deeply into China.
multinational company, China is a huge market, we should be more
proactive in thinking, investing and exploring cooperation
China is expected to
overtake the United States as the world’s largest aviation
market by 2024. More opportunities will certainly emerge from
the Chinese sky, Airbus aims to have 2,000 aircraft operating in
China before the end of 2020 as demand continues to rise.