Mon, Nov 28, 2011
Growth And Replacement Needs Will Total $38.6 Billion
According to the latest Airbus Global Market Forecast (GMF),
Nordic airlines are predicted to require 424 new passenger aircraft
between 2011 and 2030 with a value of $38.6 billion.
These new aircraft deliveries will be
dominated by single-aisles (365). Airbus also forecasts a trend
toward larger aircraft sizes as airlines seek to grow capacity
efficiently, reduce seat mile costs and simultaneously their impact
on the environment. There are 59 twin-aisle new aircraft deliveries
forecast over the next 20 years in the Nordics. Around half of the
new aircraft requirement for the region will be for the replacement
of older less efficient aircraft, and half will be for new aircraft
as air travel continues to grow to and from the Nordics.
The Airbus forecast for the Nordic
region is based on an analysis of seven countries, where over 50
airlines operate some 302 passenger aircraft today.
Air traffic to, from and within the
Nordics has increased by 67% since 2001 with an increase of 87% in
international traffic. As well as connecting the region to the rest
of Europe and the world, tourism is becoming increasingly
important, with its share of GDP in Nordics, expected to reach 6.5%
in 2020 compared to 5.6% today.
Driven by tourism, advanced economies
with a high standard of living and further developments in the low
cost market, Airbus forecasts that the Nordics will average an
annual passenger traffic growth rate of 4.0%. This figure is above
other developed aviation markets such as North America (2.5%,
domestic) and in line with Western Europe (3.5%, inter
regionally).
“The aircraft fleet serving the
Nordic market will grow from approximately 300 aircraft today, to
more than 500 over the next 20 years, an increase of aircraft in
service of 70%,” says Christopher Emerson, Senior Vice
President Product Strategy & Market Forecast, Airbus.
“This translates into a large demand for more aircraft, which
Airbus is well positioned to supply with its range of modern
eco-efficient planes."
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