English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Airbus and Boeing's US$5 trillion-plus forecast

LONDON: July 11, 2016. Virgin Atlantic has purchased eight A350-1000s for delivery beginning in 2019 and leased a further four aircraft from Air Lease Corporation from 2020, including an option for a fifth aircraft. The price was not disclosed.

The aircraft, with a maximum freight capacity of 20.9 tonnes over 14 pallet positions, will operate initially on the North Atlantic in conjunction with shareholder and code share partner Delta Air Lines.

A350 Richard BransonCommenting on the order, outgoing UK prime minister David Cameron said it was great news for jobs in the UK: “The fantastic Airbus A350 is built in the UK, with Rolls-Royce engines and suppliers across the country. It's an investment in the UK itself, and our world-beating aerospace industry."

According to Airbus’s latest market forecast, 32,425 passenger aircraft (over 100 seats) and 645 freighters (over 10 tonnes capacity) worth a total of US$5.2 trillion will be required by 2035.

Airbus says in 20 years the number of daily long haul passengers traveling to, from or via aviation mega cities will more than double to 2.5 million as the middle classes in emerging markets double to 3.5 billion people.

Boeing, by contrast, is forecasting demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 percent over last year and valued at US$5.9 trillion.

As global GDP and world-trade growth accelerate, the manufacturer says air cargo traffic is projected
 to grow an average 4.2 percent per year over the next 20 years. Historically world air cargo volume grew an average of 5.2 percent per year over the last three decades.

Replacement of aging airplanes, plus the industry’s growth requirements, will create a demand for 2,370 freighter deliveries over the next 20 years. Of these, 1,440 will be passenger conversions and the remaining 930 aircraft, valued at US$270 billion, will be new says the company.

News

Written on 29/03/2017, 22:13
laptop-ban-not-acceptable-says-iataMONTREAL: March 28, 2017. Less than a week after the imposition of a laptop ban on certain carriers flying to the UK and U.S. from parts of the Middle...
Written on 29/03/2017, 20:29
gcc-ecommerce-market-could-reach-us-20-billionSEATTLE/DUBAI: March 28, 2017. Amazon is to acquire eCommerce company Souq.com, the largest online marketplace in the Arab world with 45 million visits a...
Written on 28/03/2017, 21:10
qatar-backs-britain-as-may-signs-brexitLONDON/BIRMINGHAM: March 28, 2017. A day before Britain confirmed its formal departure from the European Union, the country signed an MoU with Qatar to...
Written on 28/03/2017, 18:40
gcc-airfreight-market-to-face-hyperloop-competitionABU DHABI: March 28, 2017. Speaking at the Global Manufacturing and Industrialisation Summit this week, Hyperloop One senior vice president Nick Earle...
Written on 27/03/2017, 21:25
psa-profit-despite-unrelenting-trials-and-tribulationsSINGAPORE: March 27, 2017. CMA CGM and PSA Singapore have added two more berths to their container terminal joint venture for a total capacity of four...
Written on 24/03/2017, 19:32
malaysia-and-alibaba-to-build-digital-trade-platformKUALA LUMPUR: March 23, 2017. Alibaba is to partner with the state-run Malaysia Digital Economy Corporation (MDEC) to host what company executive chairman...
Written on 24/03/2017, 16:31
ai-becomes-truckload-matchmakerHAMBURG: March 24, 2017. As PwC releases a report suggesting 950,000 jobs will be lost in the UK transport sector from the use of artificial intelligence...
Written on 24/03/2017, 15:49
dp-world-eyes-panama-as-net-profit-jumpsDUBAI: March 22, 2017. DP World has reported a 29.9 percent rise in net profit for 2016 to US$1.26 billion, on a 4.9 percent increase in revenue to total...
Written on 22/03/2017, 22:12
new-ocean-carrier-alliances-to-shake-things-upGENEVA/BRUSSELS: March 22, 2017. The impending operation of three ocean box alliances on April 01 has prompted fears of capacity constraints and rising...
Written on 20/03/2017, 19:53
volga-dnepr-paid-former-u-s-national-security-advisorWASHINGTON, DC: March 20, 2017. As Congressional hearings begin on possible connections between the Trump presidential election bid and Russia, evidence...
Written on 17/03/2017, 20:55
lufthansa-group-reports-rise-in-net-profitFRANKFURT: March 16, 2017. The Lufthansa Group has reported a 4.6 rise in net profit to €1.77 billion in 2016 on a 1.2 percent drop in revenue to €31.66...
Written on 17/03/2017, 19:19
another-airline-level-for-iagBARCELONA: March 17, 2017. International Airlines Group (IAG) will begin flights from Barcelona to Los Angeles, Oakland, Punta Cana in the Dominican...
Written on 17/03/2017, 17:39
european-commission-re-imposes-cargo-finesBRUSSELS: March 17, 2017. The European Commission has renewed its decision to fine 11 airlines €776.46 million for operating an air cargo cartel between...
Written on 15/03/2017, 20:15
ups-continues-to-reduce-ghg-emissionsATLANTA, GA: March 15, 2017. UPS is to spend an additional US$90 million on expanding its U.S. natural gas fueling infrastructure and acquiring more...
Written on 14/03/2017, 21:13
air-cargo-stuck-in-the-16th-centuryABU DHABI: March 14, 2017. Speaking at the opening of the 11th World Cargo Symposium, IATA director general and CEO Alexandre de Juniac warned air cargo...
Written on 09/03/2017, 20:41
u-s-infrastructure-strong-risk-of-failureRESTON, VA: March 09, 2017. The American Society of Civil Engineers (ASCE) says restoring U.S. infrastructure to its competitive position will cost the...
Written on 08/03/2017, 19:52
zte-fined-over-a-us-1-billionDALLAS/ SHENZHEN: March 07, 2017. ZTE, a provider of telecommunications systems, mobile devices and enterprise technology solutions, has been fined...
Written on 07/03/2017, 22:51
no-additional-trade-tariffs-warns-mexicoDETROIT, MI: March 06, 2017. Addressing executives from the U.S. auto industry, Mexico Secretary of Commerce Ildefonso Guajardo Villarreal has reiterated...
Written on 07/03/2017, 20:38
maersk-and-ibm-to-launch-digital-trade-solutionARMONK, NY: March 06, 2017. Following ratification of the WTO's Trade Facilitation Agreement, IBM and Maersk are developing the use of blockchain...
Written on 06/03/2017, 20:36
dsv-signs-red-cross-agreementCOPENHAGEN: March 07, 2017. DSV and Denmark's Red Cross have signed a global logistics agreement that includes the donation of two warehouses. With a...

- powered by Quickchilli.com -