Airbus predicts air travel boom

European plane maker Airbus expects global passenger traffic to grow at an average of 4.9% a year, almost trebling over the next two decades.

Average industry deliveries will be 1,215 aircraft a year, up from 1,130 in Airbus’ last global market forecast.

It says demand will be greatest in Asia Pacific, which will account for 31% of orders, followed by North America.