Thousands of New Aircraft Despite Fuel Prices

Airbus believes demand for new aircraft will continue to grow despite fuel price increases, with air traffic doubling worldwide in the next 15 years.

Airbus director of technical marketing, John Blachfield, speaking in France this week, said the fact that the price of fuel had doubled in the past 18 months and quadrupled in the past few years had had little effect on people’s demand for flying.
“Over the next 20 years, more than 24000 new aircraft will be needed worldwide, half of which will involve the replacement of old aircraft. The remainder will come from traffic growth,” he said .

“We have seen air traffic double every 15 years and there is every indication that it will double again in the next 15.”

AllAfrica