Posted: Tue 11th Feb 2014

Airbus firm up £6bn order as predictions suggest Asia-Pacific needs 11,000 aircraft over 20 years

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Tuesday, Feb 11th, 2014

The growing importance of low-cost carriers in Asia-Pacific was underlined by the purchase agreement struck at Singapore Airshow between Airbus and  low-cost Vietnam airline VietJetAir for more than 100 aircraft.

Vietnams VietJetAir has finalised an order with Airbus

Vietnam’s VietJetAir has finalised an order with Airbus

Dr. Dinh Viet Phuong, the airline’s Vice President – Business Development said;The order is more great news for workers at Airbus Broughton who will supply the wings for the the order. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

“Our new A320 aircraft will help VietJetAir implement a strategy of expanding its network, increasing the frequency of national and international flights, and contributing to promoting tourism and investment among the countries of Asia-Pacific,” ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Meanwhile, airlines in the Asia-Pacific region will lead global demand for larger and more eco-efficient aircraft over the next 20 years, according to Airbus’ latest Global Market Forecast (GMF) ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Airlines from the region will take delivery of some 10,940 new passenger and cargo aircraft from 2013-2032, valued at US$1.8 trillion. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

This represents 37 per cent of all new aircraft deliveries worldwide over the next 20 years, ahead of Europe, North America and the Middle East. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

In value terms, the region will account for 42 per cent of the global market for new airliners, reflecting the higher proportion of widebody aircraft required in Asia-Pacific. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

In the passenger market, the fleet of aircraft operated by Asia-Pacific carriers is expected to more than double in the next 20 years, from 4,960 aircraft today to over 12,130 jets, based on higher than average annual traffic growth of 5.8 per cent and replacement of nearly 3,770 aircraft in service today. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

“There is no doubting the importance of the Asia-Pacific market both today and in the future. We are pleased that Airbus plays a major role in this great growth story,” said John Leahy, Chief Operating Officer Customers. “All of our products are in the region in significant numbers, and we continue to dominate sales in this region because we have the aircraft Asian-Pacific airlines need.” ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

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