Asia will emerge as the world’s biggest aircraft market by 2029, accounting for a third of worldwide plane deliveries as the region’s growing middle class drives demand, Airbus said Monday.
The European plane maker also said it was experiencing surging Chinese demand for corporate jets and that sales to Chinese buyers could approach levels in the dominant Middle Eastern market.
Worldwide, air traffic is set to double over the next 15 years, with the Asia-Pacific region expected to overtake North America and Europe as the largest air transport market, taking delivery of about 8,560 new planes worth $1.2 trillion by 2029, Airbus said.
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