Increasing demand will result in the need for over 28,000 aircraft in the next 20 years, says Airbus, putting the market's value at $4 trillion during that period.
Airbus says that over 10,000 passenger jets are set to be replaced by newer more fuel efficient models with the additional demand coming from the Far East. Airbus’ latest Global Market Forecast (GMF) identifies a need for some 28,200 passenger and freighter aircraft (of 100 seats or more) between 2012 and 2031 worth nearly $4.0…
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