Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 12.5%.

Even though the COVID-19 pandemic had a severe impact on the aviation industry, the long-term trend remains robust.

The global Single-Aisle Aircraft Market segmentation includes narrow-body aircraft as a key category.

Narrow-body aircraft are well-suited for both domestic and international routes, making them the preferred choice for many carriers.

Airlines are looking to replace older aircraft with more fuel-efficient and environmentally friendly narrow-body models, driving the growth of this segment.

Asia-Pacific emerges as the largest region in the single-aisle/narrow-body segment.

Airlines in Asia-Pacific have been expanding their fleets to meet the increasing demand for air travel.

In terms of growth, Europe takes the lead among regions.

This trend is driven by the need to improve operational efficiency, reduce maintenance costs, and enhance passenger comfort.

A recent report forecasts the aircraft leasing market size will exceed USD 453.2 billion by 2026, growing at 6.8% during the forecast period.

The surge in air travel rates is a primary driver propelling the demand for aircraft leasing.

Dry leasing and wet leasing are the primary lease types, catering to diverse airline needs.

The more aircraft orders airlines place, the larger the profit they report, with purchase discounts realized through the P&L.

These purchases are structured to contribute to the bottom line over the next decade.

General Electric notes that worldwide aviation recovery has varied since the start of the pandemic.

A rise in the number of connected aircraft equipped with advanced communication systems, sensors, and software is observed.

North America, including the United States and Canada, remains significant for connected aircraft adoption.

Increasing demand for connected aircraft in emerging economies is expected to drive market growth, but high integration costs and limited skilled personnel remain challenges.

The industry is on a recovery trajectory, moving back towards a normal relationship between GDP and air traffic.

Supply chain issues persist globally, particularly as China maintains strict Covid policies.

Demand for aviation services in the Middle East is expanding, with new airspace opening up further travel to Asia.

FTAI Aviation reported a rebound in net income to $41,307 in Q3 2023 from a loss of $18,929 in Q3 2022, highlighting growth opportunities in aircraft leasing.

The aviation carbon fiber market is forecasted to reach $4.4 billion by 2031, driven by its increased use in military aviation for weight and cost benefits.

PAN-based carbon fiber is expected to show significant growth among raw materials used in aviation.

Boeing predicted a decline in demand for aircraft amid sanctions against Russian aviation.

Airbus launched its first global aircraft recycling project in Southwest China.

The construction of the Airbus Full Life Cycle Service Center (ALSC) is underway in Chengdu, Sichuan Province, southwest China.

According to Xinhua News Agency, ALSC covers more than 60 hectares and can handle major aircraft types, also providing global sales channels for parts resale from decommissioned aircraft.

The total investment in the ALSC project amounts to ¥6 billion (about $844.55 million).

George Xu, Executive Vice President of Airbus and CEO of Airbus China, stated that ALSC’s opening marks a new stage in China-Europe cooperation.

Chengdu is committed to the rapid development of its aviation industry.

Global civil aviation is recovering, with IATA twice improving its forecast, but cargo volume is expected at 57.8 million tons, below the 61.5 million tons of 2019 due to a slowdown in international trade.

Cost relief is seen in the sector, and central bank interest rate policies could influence a positive year-end outlook, though recession risks persist.

If a recession causes job losses, this could negatively impact new aircraft supply and airlines' ability to maintain their fleets.

Import substitution in aviation, particularly in aircraft production, is drawing attention, alongside a multi-billion dollar aviation IT market.

CNN reports that the global aviation industry expects profits of almost $10 billion this year according to IATA head Willy Walsh.

Airlines are projected to generate $9.8 billion net profit in 2023, up from a December forecast of $4.7 billion.

IATA expects 4.35 billion passengers to travel by air in 2023, nearing the 4.54 billion of 2019.

Asian companies, mainly Chinese and Indian, are expected to lead demand growth.

Global orders for Airbus increased by 2.5 times, and its core operating profit rose by four percent to 5.8 billion euros, with expectations of 6.5–7 billion euros this year.

Shell’s aviation chief said global aviation fuel demand should recover to pre-pandemic levels of 300 million tonnes annually within one to two years.

Asia’s recovery is uneven, but the main recovery phase is expected next year with full revival possibly taking one more year.

European aviation fuel deliveries are constrained as EU sanctions on Russian oil products push the region to import more from the US, China, India, and the Middle East, increasing pressure on processing companies.

First-half 2023 passenger traffic for Russian airlines rose by 18% year-on-year to 47.5 million people, but concerns remain about fleet exhaustion without replacement.

Direct flights from Russia are available in 36 countries, with Turkey remaining a growth driver, especially with 3 million expected summer travelers.

Some experts believe airlines operating SSJ may need to cut traffic in 2024 due to fleet constraints, with spare resources potentially lasting three years.

The International Civil Aviation Organization (ICAO) expects passenger air travel demand on most routes to return to and surpass pre-pandemic levels by the end of 2023.

International air travel grew by 41.6% last year, reaching 2019 levels in the fourth quarter of 2023.

European airline traffic for the full year increased by 22% versus 2022, capacity rose 17.5%, and load factor climbed 3.1 percentage points to 83.8%.

In December, demand was up 13.6% year-on-year and surpassed December 2019 levels for the first time since the pandemic began.

Airbus announced a record 500-aircraft deal with Indian airline IndiGo at the Paris Air Show, highlighting strong demand amid supply chain challenges.

Aircraft suppliers are struggling to meet surging demand due to higher costs, spare part shortages, and labor constraints post-pandemic.

Only a portion of prospective new aircraft deals are expected to be finalized in time for this year's major industry events.

IndiGo’s CEO confirmed Airbus’s dominance in order volume over Boeing.

Airbus received 265 confirmed orders at the Dubai Air Show, narrowing Boeing’s sales lead in a year Boeing benefited from renewed interest in its 737 MAX.

Airbus plans to ramp up monthly production to 65 single-aisle aircraft by 2023 from a current average of 45 this quarter.

Saudi Arabia placed a significant 121-aircraft order with Boeing, primarily for wide-body jets suited to long-haul travel.

Boeing’s outlook for the Middle East includes continued growth, covert military projects, and managing complex geopolitical and energy transitions.

Boeing has reduced its overall commercial aircraft demand forecast, but near-term sales remain robust as airlines modernize fleets post-pandemic.

Dubai hosted the IATA’s 80th Annual General Meeting and World Air Transport Summit, reinforcing the city’s status as a global aviation hub.

Dubai’s aviation sector contributed 27% to GDP and added $37 billion in value last year; however, airlines’ profits averaged just $6.14 per passenger.

Etihad projects global air freight revenue will normalize to $120 billion in 2024 after a pandemic-related surge to $138 billion in 2023.

Airline employment worldwide is expected to surpass pre-pandemic levels, reaching 3.07 million people.

The Middle East’s strong economies and global air hubs continue to drive aviation growth, especially in the UAE.

Boeing forecasts the global commercial aircraft fleet will double over the next 20 years, with cargo plane demand expected to rise 3.5% annually.

IATA’s director general noted that higher oil prices and labor shortages may slow the airline recovery.

Airbus posted its highest-ever profit of €4.2 billion and plans a €1.5 per share dividend, while Boeing suffered a third consecutive annual loss due to delays and cost overruns.

Major aircraft manufacturers include Boeing, Airbus, and Lockheed Martin, with both commercial and defense products, including helicopters and drones.

Cirium forecasts that 45,000 more fuel-efficient aircraft will be delivered by 2040, valued at $2.9 trillion.

Single-aisle jets are expected to represent 70% of passenger aircraft deliveries by 2040.

If these projections are met, the global passenger fleet will reach approximately 47,200 aircraft by the end of 2040.

New aircraft deliveries will address both rising air transport demand and the replacement of older, less fuel-efficient planes.

Popular models with over 180 seats, such as the A321neo and B737 Max 10, will gain a growing market share each year, comprising 40% of deliveries over the next two decades.

Older aircraft models will be replaced by the new generation of planes.

Electric vertical take-off and landing aircraft are a technical focus in ongoing research and development initiatives.

Strong air cargo market demand is anticipated due to cyclical and structural factors, with growth in both original and converted full cargo aircraft.

Boeing and Airbus estimate demand for about 40,000 new civil aircraft in the next 20 years, with annual air passenger traffic expected to grow by around 4%.

Global air traffic is projected to return to pre-pandemic levels between 2023 and 2025.

The pandemic's greatest impact on the aviation sector has been disruption to the supply chain.

Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 12.5%.

Title:

Content: Friday, 08 September 2023 05:25 GMT

Global Single-Aisle Aircraft Market Is Projected To Reach The Value Of $222.20 Billion By 2030 X Herald

(MENAFN- Ameliorate Digital Consultancy) According to the latest report by Virtue Market Research, in 2022, the Global Single-Aisle Aircraft Market was valued at USD 86.6 billion and is projected to reach a market size of USD 222.20 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 12.5%.

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A prominent long-term driver for the Single-Aisle Aircraft market is the growing global demand for air travel. Even though the COVID-19 pandemic had a severe impact on the aviation industry, the long-term trend remains robust. The demand for single-aisle aircraft is fueled by several factors, including the expansion of low-cost carriers, increasing urbanization, and rising middle-class populations in emerging economies.

The COVID-19 pandemic had an unprecedented impact on the aviation sector, leading to grounded fleets, reduced passenger demand, and financial strain on airlines. This setback prompted airlines to rethink their fleet strategies, with some deferring aircraft orders and retiring older aircraft to cut costs. Additionally, the pandemic accelerated the adoption of safety and hygiene measures in aircraft cabins, leading to increased investments in cabin air filtration and touchless technologies.

A notable short-term driver for the Single-Aisle Aircraft market is the rebound in domestic and regional air travel. As countries reopen their borders and vaccination efforts progress, there is a growing preference for shorter flights, leading to increased demand for single-aisle aircraft. Airlines are reactivating grounded aircraft and placing orders for new, fuel-efficient models to meet this surge in regional travel.

An exciting opportunity in the Single-Aisle Aircraft market is the development of next-generation, fuel-efficient aircraft. With a growing emphasis on sustainability and reducing carbon emissions, aircraft manufacturers are investing in research and development to create more eco-friendly models. This includes the use of advanced materials, aerodynamic improvements, and more efficient engines. Airlines that invest in these next-gen aircraft can not only reduce their environmental footprint but also benefit from lower operating costs in the long run.

One of the prominent trends observed in the Single-Aisle Aircraft industry is the rise of digitalization and connectivity. In-flight Wi-Fi, entertainment systems, and integrated passenger services are becoming standard features in modern single-aisle aircraft. Airlines are leveraging these trends to enhance the passenger experience and gain a competitive edge. Additionally, digitalization plays a crucial role in aircraft maintenance and operations, helping airlines optimize their fleet performance and reduce downtime.

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Segmentation Analysis:

The global Single-Aisle Aircraft Market segmentation includes:

By Type of Aircraft: Narrow-Body, Wide-Body, Regional Aircraft

Among these, the Narrow-Body aircraft category stands out as the largest segment. These aircraft are designed for short to medium-haul flights and are favored by airlines for their versatility and cost-efficiency. Narrow-Body aircraft are well-suited for both domestic and international routes, making them the preferred choice for many carriers.

In terms of growth, the Narrow-Body segment takes the lead yet again. The market for Narrow-Body aircraft is witnessing significant expansion due to the increasing demand for regional and domestic travel. Airlines are looking to replace older aircraft with more fuel-efficient and environmentally friendly Narrow-Body models, driving the growth of this segment.

By Engine Type: Turbofan, Turboprop

Among these categories, Turboprop engines are the largest segment. These engines are commonly found in regional aircraft that operate shorter routes and require a different set of performance characteristics compared to their Turbofan counterparts. Turboprop engines are known for their fuel efficiency and reliability, making them a preferred choice for regional carriers.

However, when it comes to growth, Turbofan engines take the lead. The demand for Turbofan-powered Single-Aisle Aircraft is on the rise, driven by the need for higher efficiency, reduced emissions, and greater operational range. Airlines are increasingly opting for Turbofan engines in their narrow-body aircraft to meet the growing demand for longer-haul regional and international flights.

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Regional Analysis:

The Single-Aisle Aircraft market spans across variregions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each of these regions has its unique characteristics and influences on the market.

Asia-Pacific emerges as the largest region in this segment. This region encompasses numerfast-growing economies, a burgeoning middle class, and a robust travel and tourism industry. As a result, airlines in Asia-Pacific have been expanding their fleets to meet the increasing demand for air travel. With a foon domestic and regional routes, narrow-body aircraft have been particularly favored in this region, contributing to its leadership in the Single-Aisle Aircraft market.

In terms of growth, Europe takes the lead. Despite being a mature aviation market, Europe is experiencing a surge in demand for narrow-body aircraft, primarily due to the need for more fuel-efficient and environmentally friendly options. European airlines are increasingly looking to modernize their fleets with state-of-the-art single-aisle aircraft, thereby driving the growth of this segment in the region.

The Middle East & Africa region also shows promise in terms of growth, driven by the emergence of airlines in the Middle East as major global players. These airlines are expanding their networks and investing in modern, fuel-efficient narrow-body aircraft to meet the growing demand for long-haul travel.

North America, with its well-established aviation industry, continues to be a significant market for single-aisle aircraft. While it may not be the fastest-growing region, North America remains a stable and vital market for these aircraft, catering to both domestic and international routes.

South America, although a smaller market compared to the other regions, also contributes to the demand for single-aisle aircraft. Airlines in South America are focusing on modernizing their fleets to enhance operational efficiency and reduce emissions.

Latest Industry Developments:

  • One of the key strategies adopted by companies is a strong emphasis on fuel-efficient and environmentally friendly aircraft. With the aviation industry facing increasing pressure to reduce carbon emissions, manufacturers are investing in the development of next-generation single-aisle aircraft with improved fuel efficiency. This includes the use of advanced materials, aerodynamic design enhancements, and the incorporation of more fuel-efficient engines. Furthermore, there is a growing trend towards the electrification of aircraft systems, including electric taxiing systems and more electric aircraft architectures. These innovations aim to reduce the overall carbon footprint of single-aisle aircraft, aligning with global sustainability goals.
  • To enhance their market share, aircraft manufacturers are expanding their global reach and customer base. They are targeting emerging markets with fast-growing air travel demand, such as Asia-Pacific and the Middle East. These regions represent significant opportunities for fleet expansion, especially with narrow-body aircraft designed for short- to medium-haul routes. Another trend is fleet modernization. Airlines, particularly in mature markets like North America and Europe, are retiring older aircraft and replacing them with state-of-the-art single-aisle aircraft. This trend is driven by the need to improve operational efficiency, reduce maintenance costs, and enhance passenger comfort. Manufacturers that offer the latest technology and fuel-efficient options have a competitive advantage in this regard.
  • Connectivity and digital solutions are becoming increasingly important in the aviation industry. Airlines are seeking aircraft equipped with advanced connectivity options to enhance the passenger experience, provide in-flight entertainment, and enable seamless inteaccess. Manufacturers are responding by integrating cutting-edge connectivity solutions into their single-aisle aircraft offerings. Additionally, the use of data analytics and predictive maintenance has gained prominence. Airlines are leveraging data from their aircraft to optimize operations, reduce downtime, and lower maintenance costs. Aircraft manufacturers are incorporating these features into their products to meet the demand for data-driven solutions.

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Even though the COVID-19 pandemic had a severe impact on the aviation industry, the long-term trend remains robust.

The global Single-Aisle Aircraft Market segmentation includes narrow-body aircraft as a key category.

Narrow-body aircraft are well-suited for both domestic and international routes, making them the preferred choice for many carriers.

Airlines are looking to replace older aircraft with more fuel-efficient and environmentally friendly narrow-body models, driving the growth of this segment.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

Asia-Pacific emerges as the largest region in the single-aisle/narrow-body segment.

Airlines in Asia-Pacific have been expanding their fleets to meet the increasing demand for air travel.

In terms of growth, Europe takes the lead among regions.

This trend is driven by the need to improve operational efficiency, reduce maintenance costs, and enhance passenger comfort.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

A recent report forecasts the aircraft leasing market size will exceed USD 453.2 billion by 2026, growing at 6.8% during the forecast period.

Title:

Content: Aircraft Leasing Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2032

The global aviation industry is experiencing unprecedented growth, fueled by increasing air travel rates and the demand for efficient aircraft. In tandem with this growth, the aircraft leasing market has emerged as a critical component of the aviation ecosystem, providing airlines with flexible leasing options to meet their fleet requirements. A recent report by Report Ocean forecasts that the aircraft leasing market size is poised to exceed USD 453.2 billion by 2026, with a robust growth rate of 6.8% during the forecast period.

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Driving Factors Behind Market Growth

The surge in air travel rates is a primary driver propelling the demand for aircraft leasing. Airlines are opting for leasing arrangements to expand their fleets and meet the escalating demand for air travel. Aircraft leasing offers flexibility and cost-effectiveness compared to outright aircraft purchases, enabling airlines to optimize their fleet size based on fluctuating market conditions.

Aircraft leasing encompasses two primary lease types: dry lease and wet lease. In dry leasing, aircraft are leased without crew members, while wet leasing involves leasing aircraft along with trained crew, maintenance, and insurance. This flexibility allows airlines to tailor leasing agreements to their specific operational needs, further driving the adoption of aircraft leasing.

Additionally, factors such as the growth in global aviation industry, increasing regulations, demand for fuel-efficient commercial aircraft, attractive tax policies, and affordable lease rates contribute to the burgeoning aircraft leasing market. Emerging economies present significant growth opportunities for aircraft leasing, with technological advancements further enhancing the appeal of leasing options.

Regional Insights and Market Dynamics

Europe emerged as the highest revenue-generating region in the aircraft leasing industry in 2019, driven by high disposable income, advanced living standards, and the development of new aircraft. The region witnessed increasing adoption of aircraft leasing due to the operation of efficient commercial aircraft and technological advancements. However, North America is also a significant market for aircraft leasing, with well-established aviation infrastructure and a robust demand for air travel.

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Asia-Pacific is poised to exhibit substantial growth in the aircraft leasing market, propelled by countries such as China, India, and Japan. Rising air traffic, economic development, and increasing demand for air travel in the region contribute to the growing adoption of aircraft leasing. Latin America, the Middle East, and Africa also present lucrative opportunities for market players, driven by factors such as infrastructure development and tourism growth.

Competitive Landscape and Key Players

The global aircraft leasing industry is characterized by the presence of both international and small to medium-sized vendors. Leading companies such as Aviation Capital Group, Boeing Capital Corporation, Air Lease Corporation, and International Lease Finance Corporation dominate the market. These companies continually innovate and collaborate with other industry players to meet the evolving needs of consumers and launch new products to stay competitive.

Segmentation and Market Outlook

The aircraft leasing market is segmented based on lease type, aircraft type, and region. Dry leasing and wet leasing represent the primary lease types, catering to the diverse needs of airlines. Aircraft types include wide-body aircraft and narrow-body aircraft, each serving specific operational requirements. Regionally, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa constitute the key market segments, offering insights into regional market dynamics and growth prospects.

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Future Outlook and Conclusion

In conclusion, the global aircraft leasing market is poised for significant growth driven by increasing air travel rates, demand for fuel-efficient aircraft, and favorable market conditions. As airlines seek to optimize their fleets and enhance operational efficiency, aircraft leasing emerges as a strategic solution to meet evolving market demands. With technological advancements and infrastructure development, emerging economies present lucrative opportunities for market players. As the aviation industry continues to soar to new heights, aircraft leasing remains a vital component facilitating the expansion and modernization of airline fleets worldwide.

These responses will function a complete examination of the:

  • The markets’ present-day infrastructures
  • Market possibilities and challenges
  • Future plausible for increase in particular industries
  • Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
  • Representative and a price chain probability breakdown
  • Market dimension and boom price during the expected time frame.
  • The market’s important using forces
  • Key market traits are impeding market expansion.
  • Obstacles to market expansion.
  • Market’s pinnacle merchants.
  • Thorough SWOT analysis
  • Threats and possibilities confronted with the aid of the modern carriers in the world market.
  • Trending elements that affect the markets in the quite a number region.
  • Initiatives with a strategic center of attention on the pinnacle vendors.
  • PEST find out about of the five essential market regions.

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The surge in air travel rates is a primary driver propelling the demand for aircraft leasing.

Dry leasing and wet leasing are the primary lease types, catering to diverse airline needs.

The more aircraft orders airlines place, the larger the profit they report, with purchase discounts realized through the P&L.

Title:

Content:     The Economic Times daily newspaper is available online now.

    How to hedge your risks after a one-way rally? Anand Tandon answers

    Synopsis

    Independent analyst Anand Tandon says that slightly out of fashion stocks like HDFC merit a relook given that it has eased off because of technical action. He further says one of the major themes to look for in the second half is rural India driving some of the demand growth assuming that the monsoon is not a total disaster. One can also be looking at markets outside India.”

    Independent analyst Anand Tandon says “one has to look for spots assuming liquidity continues to be reasonably buoyant, you would get opportunities in sectors like, for example, IT which again has fallen off a cliff and is likely to remain subdued but unlikely to fall anymore. I think sector rotation with slightly out of favour sectors is the only way to hedge a bit at this stage.”

    It is one of those summer rallies which is absolutely breathtaking. What is the right way to do risk management in this rally after a 15% one-way move?
    It has been quite breathtaking and the market is looking a bit stressed given the kind of momentum that we have seen behind it. Clearly, the only way to hedge in this market is to look for those sectors which have not moved and where there is a possibility over the next one or two years, you could see an upside and move out of those areas which have gone up tremendously. We have already seen the most favourite sector, the banking and finance sector, actually give up some of its gains.

    Here, the ones that are slightly out of fashion like HDFC merit a relook given that it has eased off because of technical action, whereas one could look beyond the technical and the valuation now in HDFC Bank for example is probably one of the lowest that we have seen over the last decade or so.

    One has to look for spots assuming liquidity continues to be reasonably buoyant, you would get opportunities in sectors like, for example, IT which again has fallen off a cliff and is likely to remain subdued but unlikely to fall anymore. I think sector rotation with slightly out of favour sectors is the only way to hedge a bit at this stage.

    What about InterGlobe Aviation? They have ordered 500 Airbus A320 family aircraft which are going to be delivered post 2030 but there is the visibility that they have in the business and they are gearing up for the demand boom already. Is this 15-20% growth that they are pencilling in is priced in or is it good times ahead for the stock price too?
    Currently, there is an aircraft shortage in the market. So, prices will remain firm in terms of realisations and that is good news for airlines at this stage because by and large competition tends to dent the profitability and make that business unviable. The other thing is that the more orders you place, the bigger the profit you will show because of the way the accounting works in airlines, where you book the purchase at the full price whereas you actually get a discount and the discount comes in through the P&L.

    That is a very strange accounting principle but that is the way that all the airlines do it. Therefore, as long as you keep on buying the aircraft, you will continue to show a fairly strong bottom-line growth or at least you will get a contribution to the bottom-line growth. So, they are actually making sure that over the next decade or so, there will be some contribution to the bottom line coming from this purchase.

    Net-net, it is a cyclical market. There is no question that there will be a time not too far in the future where planes which are grounded right now may start flying again. As a result of the capacity constraints, you will get the cyclicality coming in. But for the next few months, maybe 6 months to a year, I do not see anything negative in the industry at this stage.

    Google Maps is showing clear skies for the next four-five days. I think markets are getting blinded with liquidity. They need to be careful about the rain and that is where we need to be slightly more careful. What is your view?
    Rains will be a factor but increasingly you will find that rural India is not dependent on agriculture only and whenever there is a case made of monsoons failing, we say that more than half the income that the rural India gets is not from agriculture, but overall as you pointed out, the macro theme at this stage is not so much the monsoon. There is nothing much one can do about it but the kind of spend that the government will do and the kind of transfer of money that the government is likely to do, given that we are in an election year and I am still betting on the fact that we will get significant transfers in case there is a serious problem in terms of rural consumption or rural income because of El Nino or monsoon failure. It is early days yet.

    There is a possibility that we will still get a reasonable amount of rainfall so the shortage may not be that much but since some of the commodity prices have eased off and inflation has come down, it gives the government a little more headroom to be able to go out and spend a little more and transfer more money to rural India. I would imagine that for this year at least, I would not be too worried, in fact that would be one of the major themes that I would look for in the second half is rural India driving some of the demand growth assuming that the monsoon is not a total disaster. You can also be looking at markets outside India.

    Today, if China is trying to pump prime its economy, though it has become less of a stock market because of the intervention of the government, there is a possibility that there is a play there and that is one of the things I would expect many international players to do, that finally take a bet on the fact that China will actually revive given that the central bank there has also put its weight behind trying to pump prime the economy.

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These purchases are structured to contribute to the bottom line over the next decade.

General Electric notes that worldwide aviation recovery has varied since the start of the pandemic.

Title:

Content: English

Aviation will take 2 years to recover: GE

General Electric estimated that the recovery of the aviation industry will last two more years, depending on the containment of the Covid-19 pandemic.

Effective inoculation programs and government collaboration to encourage travel, particularly around easing quarantine requirements, will also play a role.

General Electric maintains regular dialogue with airlines and airframe customers about the outlook for commercial air travel, new aircraft production, fleet retirement and aftermarket services, including store visits and parts demand.

Given current trends, the company expects domestic travel routes served primarily by narrow-body aircraft to recover before long-haul international travel routes, which are primarily served by wide-body aircraft.

Aviation

The Covid-19 pandemic continues to have a significant adverse effect on the global airline industry, although the results of General Electric’s Aviation business in 2021 reflect an improvement in market fundamentals.

A key underlying driver of the commercial engine and services business of its Aviation business is global commercial air traffic, which in turn is driven by economic activity and the propensity of consumers and businesses to travel.

Since the start of the pandemic in the first quarter of 2020, General Electric has seen varying levels of recovery in global markets.

Government travel restrictions, public health advisories, people’s propensity to travel, and ongoing cases of the virus have affected the level of air travel.

General Electric regularly tracks global outputs, which for 2021 were about 30% lower than 2019.

Global outflows improved during 2021, up approximately 20% compared to 2020, but levels of recovery varied across regions, largely due to the emergence of variants of the Covid-19 virus.

In regards to the military environment, General Electric continues to forecast strong military demand creating future growth opportunities for its military business unit as the US Department of Defense and foreign governments have continued flight operations and have allocated budgets to upgrade and modernize their existing fleets.

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A rise in the number of connected aircraft equipped with advanced communication systems, sensors, and software is observed.

Title:

Content: Intelligence Market Report

Connected Aircraft Market Size to Reach USD 6758.8 Million in 2028, at CAGR of 9.9%, Industry Share, Growth, Latest Trend, Opportunities

Connected Aircraft Market Dynamics, Industry Overview, Segmentation, Competitive Landscape and SWOT Analysis Including Key Players - Gogo, Honeywell International, Panasonic Avionics, Thales, Global Eagle Entertainment, Rockwell Collins, Zodiac Aerospace, Inmarsat, Cobham, Bae Systems, Kontron, Viasat, Digecor

London, UK -- (SBWIRE) -- 02/09/2023 -- Connected Aircraft Market report provides an in-depth analysis of the global connected aircraft market, including market size, growth drivers, trends, and opportunities. It also provides a comprehensive overview of the competitive landscape and key players in the market.

Global Connected Aircraft Market Overview
The connected aircraft market refers to the integration of information and communication technologies in aircraft to improve flight safety, passenger comfort, and operational efficiency. The connected aircraft market is rapidly growing due to the increasing demand for real-time information and communication during flights. This has resulted in a rise in the number of connected aircraft, which are equipped with advanced communication systems, sensors, and software.

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Market Segmentation
The global connected aircraft market can be segmented based on type, application, and region. The Connected Aircraft Market Major Segments and Subsegments Listed Below

Segmentation by type
Inflight Connectivity
Air-to-Air Connectivity
Air-to-Ground Connectivity

Segmentation by application
Commercial
Military

This report splits the market by region
North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]

Market Drivers
The primary drivers of the connected aircraft market are the increasing demand for real-time information and communication during flights, the need for improved flight safety and passenger comfort, and the growing demand for advanced communication and navigation systems in aircraft. Additionally, the increasing use of connected aircraft for military purposes is expected to fuel market growth. The increasing demand for connected aircraft in emerging economies is also expected to drive market growth.

Market Challenges
One of the biggest challenges facing the connected aircraft market is the high cost of integrating these technologies in aircraft. The cost of procurement, installation, and maintenance of connected aircraft systems can be a major barrier for airlines and other operators. Additionally, the limited availability of skilled personnel to operate and maintain these systems can also pose a challenge for market growth.

Market Opportunities
The increasing demand for connected aircraft in commercial and military applications is a major opportunity for market growth. The growing demand for advanced communication and navigation systems in emerging economies is expected to provide significant growth opportunities for the market. Additionally, the increasing use of connected aircraft for maintenance and repair is also expected to drive market growth.

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Market Leaders
Some of the leading players in the connected aircraft market includes
Gogo
Honeywell International
Panasonic Avionics
Thales
Global Eagle Entertainment
Rockwell Collins
Zodiac Aerospace
Inmarsat
Cobham
Bae Systems
Kontron
Viasat
Digecor

Conclusion
The global connected aircraft market is expected to grow rapidly in the coming years due to the increasing demand for real-time information and communication during flights, the need for improved flight safety and passenger comfort, and the growing demand for advanced communication and navigation systems in aircraft. The increasing demand for connected aircraft in emerging economies is also expected to drive market growth. However, the high cost of integrating these technologies in aircraft and the limited availability of skilled personnel to operate and maintain these systems can be a major challenge for the market.

Table of Content
1 Scope of the Report
2 Executive Summary
3 Global Connected Aircraft by Company
4 World Historic Review for Connected Aircraft by Geographic Region
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for Connected Aircraft by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion

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North America, including the United States and Canada, remains significant for connected aircraft adoption.

Increasing demand for connected aircraft in emerging economies is expected to drive market growth, but high integration costs and limited skilled personnel remain challenges.

The industry is on a recovery trajectory, moving back towards a normal relationship between GDP and air traffic.

Title:

Content: Boeing cuts 20-year industrywide outlook for planes

3 minute read

Signage for Boeing is seen on a trade pavilion at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo

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LONDON, July 17 (Reuters) - U.S. airplane maker Boeing Co trimmed its projected industrywide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market.

Boeing projects airlines worldwide will need 41,170 new airplanes over 20 years with half of the deliveries for replacement aircraft, and with single-aisle aircraft accounting for about 75% of planes.

Boeing's new market outlook, released on Sunday ahead of the Farnborough Airshow, is down from its previous rolling 20-year-forecast of 43,610 deliveries.

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The new estimate excludes the Russian market and its projection of 1,540 airplanes, because of the war in Ukraine and uncertainty about when manufacturers could again sell planes to Russian carriers.

Boeing slightly boosted its forecast for demand over the next 10 years to 19,575 airplane deliveries -- a higher projection even excluding the Russian market.

"That's a function of a depressed environment in 2021 falling off and a new trend year in 2031 being added," Darren Hulst, Boeing vice president for commercial marketing, told reporters in a briefing ahead of the Sunday release. "It comes very close to our 2019" outlook if Russia was included.

Boeing also dropped its industrywide passenger traffic forecast growth rate slightly to 3.8% from 4%, but boosted its cargo growth forecast to 4.1% from 4% last year. It cut its fleet growth forecast to 2.8% from 3.1%. Its forecast for widebody deliveries over 20 years fell from 7,670 to 7,230.

Boeing still projects the global airline fleet by 2041 will nearly double as it still sees a worldwide aviation demand COVID-19 recovery by early 2024.

Over the next 20 years Boeing said "long-term fundamentals remain intact."

"Our view of medium-term recovery -- when the industry gets back to 2019 levels of global airline traffic -- is largely unchanged" since 2020, Hulst said. "Overall, we still see late 2023, early 2024 as the time where the industry recovers to full or at least the level of pre-pandemic traffic."

Boeing sees strong near-term demand for aircraft despite recession risks.

"The global industry is still on a recovery trajectory back to where the normal relationship of GDP and traffic would be," Hulst said. "Any small blip from an economy standpoint would be probably overwhelmed by the demand that exists as a result of those normal economic relationships."

Boeing also projects the freighter fleet will grow 80% by 2041. Air cargo is performing at "historic levels," Hulst said, saying it is in part "a function of the increasing strategic value of air cargo relative to supply chains that are challenged and shipping that is challenged."

Boeing sees e-commerce networks as helping to drive a "strategic shift to air cargo even into the medium- and long-term. ... This isn't just a blip in terms of shipping versus air."

Hulst said the number of routes with more than one airline operating has more than doubled over the last two decades -- representing 70% of all capacity. It demonstrates "the continuous innovation that airlines need to have to continue to compete at lower costs to attract more and more traffic."

Air cargo still only accounts for 1% of global trade. "A small shift in terms of mode of transportation, of key elements of trade, makes a big impact in terms of demand for air cargo," Hulst said.

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Reporting by David Shepardson; Editing by Leslie Adler

Our Standards: The Thomson Reuters Trust Principles.

Supply chain issues persist globally, particularly as China maintains strict Covid policies.

Title:

Content: Dubai: Supply chain issues for the world’s aviation industry are still a long way from getting resolved as China, the world’s largest manufacturer, continues a zero-Covid policy.

“Because of China we have to go the extra mile to bring stuff,” said Shmuel Kuzi, Executive Vice-President and General Manager of Aviation Group at Israel Aerospace Industries, one of the big names in aircraft conversions. “We are now seeking places that can give us the solution we need – supply chain disruptions won’t be resolved in the near future.”

For IAI, which converts passenger aircraft into freighters, turnaround times are important. “Any delays will make the client nervous about losing money,” he added.

IAI, which began with a Boeing B767-300 conversion line in Israel in 2007, recently signed several agreements for cargo conversions, including converting B777-300ER aircraft for Emirates airline and establishing new conversion lines in the UAE and Ethiopia.

The company received the European Aviation Safety Authority (EASA) approval for its Boeing B737-800SF passenger-to-freighter (P2F) conversions. This means the company can offer this service to European companies and operators.

IAI, which set up a European facility in Naples last year, is scouting new locations to capitalise on the demand. “We are seeking new places because right now all our slots are already full,” said Kuzi.

Saudi move

Kuzi said that the recent decision by Saudi Arabia to drop airspace restrictions will make Israeli carriers more competitive. Before Riyadh, Israeli airlines could overfly Saudi territory to UAE and Bahrain only. Dropping restrictions on access to Saudi airspace means they will be able to use it to reach Asia too.

“This is important because all our competitors can fly above Saudi Arabia and that means they take 2-3 hours less than us (Israeli carriers) to fly to Thailand – the flight ticket prices are also half,” said Kuzi.

IPO plans

Last year, IAI’s CEO Boaz Levy reportedly said that the company will likely sell a 25 per cent stake on the Tel Aviv Stock Exchange in the first-half of 2022. Given IAI’s recent financial performance, “a lot of companies will be happy to take our shares,” said Kuzi. “But, unfortunately, we don’t have any news on the IPO yet.”

The Israeli company’s net profit surged 86 per cent year-on-year to $78 million in the first quarter of 2022. Sales stood at $1.2 billion, slightly higher than $1.02 billion in the same period last year.

“This has been by far IAI’s best quarter in company history, and a direct year-over-year continuation of the record results in 2021,” said Levy in a statement.

Cargo demand

Global demand, measured in cargo tonne-kilometers, was 8.3 per cent below May 2021 levels. This was an improvement on the year-on-year decline of 9.1 per cent seen in April, according to the International Air Transport Association (IATA).

“The return of Asian production as COVID-19 measures eased, particularly in China, will support demand for air cargo,” said Willie Walsh, IATA’s Director-General in a statement. “The strong rebound in passenger traffic has increased belly capacity, although not always in the markets where the capacity crunch is most critical.

“But uncertainty in the overall economic situation will need to be carefully watched.”

Demand for aviation services in the Middle East is expanding, with new airspace opening up further travel to Asia.

FTAI Aviation reported a rebound in net income to $41,307 in Q3 2023 from a loss of $18,929 in Q3 2022, highlighting growth opportunities in aircraft leasing.

Title:

Content: The FTAI Aviation Ltd (FTAI) Company: A Short SWOT Analysis

Unveiling the Strengths, Weaknesses, Opportunities, and Threats of FTAI Aviation Ltd Post Q3 2023 Earnings

1 hours ago
Summary
  • FTAI Aviation Ltd (FTAI) shows strong revenue growth in Q3 2023, with total revenues of $291,096, a significant increase from $230,365 in Q3 2022.
  • FTAI's net income rebounds to $41,307 in Q3 2023, a stark contrast to the net loss of $18,929 in Q3 2022.
  • The company faces potential threats from geopolitical tensions, regulatory changes, and customer defaults.
  • FTAI's strategic focus on aviation leasing and aerospace products presents significant growth opportunities.

FTAI Aviation Ltd (FTAI, Financial), a leading aerospace company specializing in commercial jet engines and aircraft leasing, recently released its SEC 10-Q filing for the quarter ended September 30, 2023. The company's financial performance shows a promising trajectory, with total revenues for Q3 2023 reaching $291,096, a substantial increase from $230,365 in the same period in 2022. Net income also rebounded to $41,307 in Q3 2023, a stark contrast to the net loss of $18,929 in Q3 2022. This financial overview sets the stage for a comprehensive SWOT analysis, providing insights into FTAI's strengths, weaknesses, opportunities, and threats.

Strengths

Robust Revenue Growth: FTAI's strong revenue growth, as evidenced by the Q3 2023 results, underscores its financial resilience and operational efficiency. The company's diverse revenue streams, including lease income, maintenance revenue, asset sales revenue, and aerospace products revenue, contribute to its robust financial performance. This diversified revenue model reduces reliance on a single income source, enhancing financial stability.

Successful Turnaround: The rebound in net income from a loss in Q3 2022 to a profit in Q3 2023 demonstrates FTAI's successful turnaround strategy. This financial recovery indicates effective cost management and operational improvements, reinforcing investor confidence in the company's management and strategic direction.

Weaknesses

High Operating Expenses: FTAI's high operating expenses, which totaled $246,591 in Q3 2023, could potentially erode its profit margins. These expenses include costs of sales, general and administrative expenses, and interest expense, among others. Managing these costs effectively is crucial for FTAI to maintain profitability and financial health.

Dependence on Lease Income: While FTAI's diversified revenue model is a strength, its significant dependence on lease income, which accounted for $45,622 of its total revenues in Q3 2023, could be a potential weakness. Any downturn in the leasing market or defaults by lessees could adversely impact FTAI's financial performance.

Opportunities

Growing Aviation Market: The global aviation market is expected to grow significantly in the coming years, driven by increasing air travel demand. This presents a significant opportunity for FTAI to expand its leasing business and increase its market share.

Aerospace Products Development: FTAI's focus on developing and manufacturing aerospace products offers substantial growth opportunities. Innovations in this area could open new revenue streams and enhance the company's competitive positioning.

Threats

Geopolitical Tensions: The ongoing geopolitical tensions, such as the Russia-Ukraine conflict, could pose a threat to FTAI's operations. These tensions could disrupt the global aviation market, affecting FTAI's leasing business and overall financial performance.

Regulatory Changes: FTAI operates in a highly regulated industry, and any changes in aviation regulations could impact its business operations. For instance, new regulations proposed by the FAA or equivalent regulatory agencies in other countries could increase FTAI's compliance costs, potentially affecting its profitability.

In conclusion, FTAI Aviation Ltd (FTAI, Financial) demonstrates strong financial performance and strategic focus on aviation leasing and aerospace products. However, the company needs to manage its operating expenses effectively and mitigate potential threats from geopolitical tensions and regulatory changes to sustain its growth trajectory.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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The aviation carbon fiber market is forecasted to reach $4.4 billion by 2031, driven by its increased use in military aviation for weight and cost benefits.

Title:

Content: Aviation Carbon Fiber Market Set to Soar: Forecasting a $4.4 Billion Valuation by 2031

aviation-carbon-fiber-market-1675064937 (2)

Aviation Carbon Fiber Market Size, Share, Competitive Landscape and Trend Analysis Report : Global Opportunity Analysis and Industry Forecast, 2021-2031

PORTLAND, PROVINCE: OREGAON, UNITED STATES, June 6, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Aviation Carbon Fiber Market," The aviation carbon fiber market was valued at $1.5 billion in 2021, and is estimated to reach $4.4 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.

Asia-Pacific is expected to experience significant growth during the forecast period. China, Japan, and India are expected to remain lucrative markets in terms of increase in investment and R&D by domestic and overseas players. Increasing number of deliveries of commercial as well as general aviation aircrafts, owing to the significant growth in air traffic is a key factor driving the growth of the market in Asia-Pacific region. The region is experiencing growth in global transport with significant increase in passenger transport and air cargo market.

๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/request-sample/A12804

In November 2021, Boeing, an American aircraft manufacturer, predicted that air travel within the Asia-Pacific region will account for almost half of the world's air travel by 2040, with 17,645 new aircraft worth $3.1 trillion over 20 years. The increase in demand for aircrafts from commercial, military, and general aviation segments is expected to drive the growth for aviation carbon fiber market share in the region.

The factors such as rapidly growing & booming aviation industry, expansion of aircraft fleets by airline operators and rising expenditure by government in the aviation sector are the primary factors expected to propel the growth of aviation carbon fiber market in China. China is expected to invest more than $80 billion in aviation projects to keep up with the increasing demand for air travel. Also, over the next 20 years, Chinese carriers are expected to expand their fleets by more than 1,500 aircraft, a number that represents 20% of the demand worldwide, which is expected to offer numerous growth opportunities for carbon fiber market during the forecast period.

On the basis of raw material, the global aviation carbon fiber market has been segmented into PAN-based carbon fiber and Pitch-based carbon fiber. The PAN-based carbon fiber accounted for a significant market share in 2021. PAN-based carbon fibers are made from a synthetic fiber called polyacrylonitrile (PAN). The manufacturing of PAN-based carbon fibers includes spinning of the PAN co-polymer to form the fibers. The constant advancement in the technology to develop PAN-based carbon fibers to manufacture aircraft bodies and parts is expected to drive the growth of the market. For instance, in December 2019, Solvay and SGL Carbon announced a collaboration to develop highly-competitive advanced carbon fiber composites for primary structures in the aerospace industry. Under this agreement, the companies aim to provide the market with the first composite materials based on large-tow intermediate modulus (IM) carbon fiber.

๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/aviation-carbon-fiber-market/purchase-options

There has been rise in use of carbon fiber in military aviation to provide significant weight and cost reductions. Moreover, there is an increase in the use of carbon fiber to produce military aircrafts as carbon fiber reduces around 50% of the structural weight of military aircrafts. Military aircrafts require lightweight structures to provide increased payload, improved agility, short take-off, long-range missions, and high maneuverable capabilities. The weight savings allow for a wider payload range, smaller subsystems for a given level of performance, and better fuel efficiency.

The rise in the application of carbon fiber to manufacture secondary structures, control surfaces, and wing & primary fuselage structures for military aircrafts is expected to drive the growth of the market. For instance, Eurofighter Typhoon is one of the most advanced fighter jets developed by a consortium of aerospace and defense companies from countries such as UK, Germany, Italy, and Spain. Its 40% of the structural weight is carbon fiber reinforced composite material. Moreover, the American fifth-generation fighter F/A-22 uses composite materials in fuselage, wings, and tail.

๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The outbreak of COVID-19 reduced air transport and negatively impacted the aviation industry, which significantly decreased the demand for carbon fiber. The COVID-19 pandemic severely impacted global demand for carbon fiber and its composites due to parked commercial aircrafts, domestic & international travel disruptions, and restrictions on travel activities. However, post-pandemic, strategies are being developed by governments to increase the production of locally produced carbon fiber material, supporting the growth of the market. For instance, in 2021, Hindustan Aeronautics Limited signed a memorandum of understanding with Mishra Dhatu Nigam Limited to develop and produce composite raw materials such as carbon fiber.

๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐  - https://www.alliedmarketresearch.com/purchase-enquiry/A12804

๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By raw material, the PAN-based carbon fiber segment is anticipated to exhibit significant growth in the near future.
By type, the continuous segment is anticipated to exhibit significant growth in the near future.
By end use, the military segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

๐๐๐๐๐ข๐ง๐  ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Mitsubishi Chemical Group Corporation, Nippon Steel Corporation, SGL Carbon, Teijin Limited, Toray Industries, Inc., Hexcel Corporation, Solvay, Hyosung, OJSC SvetlogorskKhimvolokno, and DowAksa.

David Correa
Allied Market Research
+ 18007925285
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PAN-based carbon fiber is expected to show significant growth among raw materials used in aviation.

Boeing predicted a decline in demand for aircraft amid sanctions against Russian aviation.

Title:

Content: Boeing predicted a decline in demand for aircraft amid sanctions against Russian aviation
Boeing has downgraded its outlook for aircraft deliveries over the next 20 years and predicted an overall decline in economic activity and demand for new aircraft around the world.
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Airbus launched its first global aircraft recycling project in Southwest China.

Title:

Content: China 2024-02-09T15: 58: 01 + 02: 00
Ukrainian News
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
The building of the Airbus Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
HELP UKRAINIAN NEWS
Airbus has launched its first global aircraft recycling project called the Airbus Full Life Cycle Service Centre (ALSC) in Chengdu, a major aviation hub in southwest China.
This was reported by the Xinhua News Agency.
With an area of more than 60 hectares, ALSC is able to serve a wide range of major aircraft types and provide global sales channels for resale of reusable parts from decommissioned aircraft.
The total investment in this project is ¥6 billion (about $844.55 million).
It aims to increase the level of recycling of aviation components and materials, thereby ensuring more than 90 percent eco-friendly recycling of aircraft by weight.
“The opening of ALSC will mark a new stage in deepening cooperation between China and Europe, ” said George Xu, Executive Vice President of Airbus and CEO of Airbus China.
The hangar of the Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
The city of Chengdu is committed to the rapid development of its aviation industry.
According to Sichuan Province Airport Group Co., Ltd, in 2023, the volume of passenger traffic of the two international airports of the city amounted to more than 74.92 million people, and the total volume of cargo and mail turnover reached 771 thousand tons.
By 2042, China will become the world's largest market for aviation services, and its market value will grow to $54.1 billion, Airbus China predicted in December 2023.
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What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

The construction of the Airbus Full Life Cycle Service Center (ALSC) is underway in Chengdu, Sichuan Province, southwest China.

According to Xinhua News Agency, ALSC covers more than 60 hectares and can handle major aircraft types, also providing global sales channels for parts resale from decommissioned aircraft.

The total investment in the ALSC project amounts to ¥6 billion (about $844.55 million).

Title:

Content: China 2024-02-09T15: 58: 01 + 02: 00
Ukrainian News
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
The building of the Airbus Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
HELP UKRAINIAN NEWS
Airbus has launched its first global aircraft recycling project called the Airbus Full Life Cycle Service Centre (ALSC) in Chengdu, a major aviation hub in southwest China.
This was reported by the Xinhua News Agency.
With an area of more than 60 hectares, ALSC is able to serve a wide range of major aircraft types and provide global sales channels for resale of reusable parts from decommissioned aircraft.
The total investment in this project is ¥6 billion (about $844.55 million).
It aims to increase the level of recycling of aviation components and materials, thereby ensuring more than 90 percent eco-friendly recycling of aircraft by weight.
“The opening of ALSC will mark a new stage in deepening cooperation between China and Europe, ” said George Xu, Executive Vice President of Airbus and CEO of Airbus China.
The hangar of the Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
The city of Chengdu is committed to the rapid development of its aviation industry.
According to Sichuan Province Airport Group Co., Ltd, in 2023, the volume of passenger traffic of the two international airports of the city amounted to more than 74.92 million people, and the total volume of cargo and mail turnover reached 771 thousand tons.
By 2042, China will become the world's largest market for aviation services, and its market value will grow to $54.1 billion, Airbus China predicted in December 2023.
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George Xu, Executive Vice President of Airbus and CEO of Airbus China, stated that ALSC’s opening marks a new stage in China-Europe cooperation.

Title:

Content: China 2024-02-09T15: 58: 01 + 02: 00
Ukrainian News
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
The building of the Airbus Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
HELP UKRAINIAN NEWS
Airbus has launched its first global aircraft recycling project called the Airbus Full Life Cycle Service Centre (ALSC) in Chengdu, a major aviation hub in southwest China.
This was reported by the Xinhua News Agency.
With an area of more than 60 hectares, ALSC is able to serve a wide range of major aircraft types and provide global sales channels for resale of reusable parts from decommissioned aircraft.
The total investment in this project is ¥6 billion (about $844.55 million).
It aims to increase the level of recycling of aviation components and materials, thereby ensuring more than 90 percent eco-friendly recycling of aircraft by weight.
“The opening of ALSC will mark a new stage in deepening cooperation between China and Europe, ” said George Xu, Executive Vice President of Airbus and CEO of Airbus China.
The hangar of the Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
The city of Chengdu is committed to the rapid development of its aviation industry.
According to Sichuan Province Airport Group Co., Ltd, in 2023, the volume of passenger traffic of the two international airports of the city amounted to more than 74.92 million people, and the total volume of cargo and mail turnover reached 771 thousand tons.
By 2042, China will become the world's largest market for aviation services, and its market value will grow to $54.1 billion, Airbus China predicted in December 2023.
Subscribe to the Telegram-channel "Ukrainian News"
We explain the events in Ukraine as briefly and clearly as possible
NEWS
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Chengdu is committed to the rapid development of its aviation industry.

Title:

Content: China 2024-02-09T15: 58: 01 + 02: 00
Ukrainian News
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
Airbus Launches Its First Global Aircraft Recycling Project in Southwest China
The building of the Airbus Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
HELP UKRAINIAN NEWS
Airbus has launched its first global aircraft recycling project called the Airbus Full Life Cycle Service Centre (ALSC) in Chengdu, a major aviation hub in southwest China.
This was reported by the Xinhua News Agency.
With an area of more than 60 hectares, ALSC is able to serve a wide range of major aircraft types and provide global sales channels for resale of reusable parts from decommissioned aircraft.
The total investment in this project is ¥6 billion (about $844.55 million).
It aims to increase the level of recycling of aviation components and materials, thereby ensuring more than 90 percent eco-friendly recycling of aircraft by weight.
“The opening of ALSC will mark a new stage in deepening cooperation between China and Europe, ” said George Xu, Executive Vice President of Airbus and CEO of Airbus China.
The hangar of the Full Life Cycle Service Center (ALSC) in Chengdu, Sichuan Province in southwest China.
Photo by Xinhua.
The city of Chengdu is committed to the rapid development of its aviation industry.
According to Sichuan Province Airport Group Co., Ltd, in 2023, the volume of passenger traffic of the two international airports of the city amounted to more than 74.92 million people, and the total volume of cargo and mail turnover reached 771 thousand tons.
By 2042, China will become the world's largest market for aviation services, and its market value will grow to $54.1 billion, Airbus China predicted in December 2023.
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We explain the events in Ukraine as briefly and clearly as possible
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Global civil aviation is recovering, with IATA twice improving its forecast, but cargo volume is expected at 57.8 million tons, below the 61.5 million tons of 2019 due to a slowdown in international trade.

Title:

Content: Civil aviation in the world is recovering: IATA has twice improved the forecast
Monday, 5 June 2023, 13: 09 -
The International Air Transport Association (IATA) has doubled its 2023 aviation profit forecast from $4.7 billion to $9.8 billion.
This was reported by the press service of the association.
The aviation industry ’ s net profit is expected to reach $9.8 billion in 2023, more than double the previous December forecast of $4.7 billion.
Total industry revenues will grow by 9.7% year-on-year to $803 billion.
This is the first time since 2019 ($838 billion), when industry revenues will exceed the $800 billion mark.
Passenger traffic is also recovering - about 4.35 billion people will travel by air this year, which is approaching 4.54 billion in 2019.
But the volume of cargo transportation is expected at the level of 57.8 million tons - below 61.5 million tons transported in 2019, which is due to a sharp slowdown in international trade.
“Several positive developments contribute to the growth of profitability.
China lifted the restrictions because of COVID-19 sooner than expected.
Freight revenues remain above pre-pandemic levels, although volumes have not increased.
In terms of costs, there is some relief.
Prices for aviation fuel, although they remain high, fell in the first half of the year, "explains IATA CEO Willy Walsh.
At the same time, the economic and geopolitical environment creates several risks for the forecast.
First of all, different countries are struggling with inflation at different rates.
Earlier or lower completion of central bank interest rate hikes could spur markets to a better year-end outlook.
But the risk of recession remains.
If a recession leads to job losses, the outlook for the industry could worsen.
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Supply chain problems continue to affect global trade and business.
Airlines have been directly affected by supply chain disruptions in aircraft parts that aircraft and engine manufacturers have failed to address.
This negatively affects the supply of new aircraft and the ability of airlines to service and deploy an existing fleet.

Cost relief is seen in the sector, and central bank interest rate policies could influence a positive year-end outlook, though recession risks persist.

If a recession causes job losses, this could negatively impact new aircraft supply and airlines' ability to maintain their fleets.

Import substitution in aviation, particularly in aircraft production, is drawing attention, alongside a multi-billion dollar aviation IT market.

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Import substitution in aviation attracts a lot of attention, but mainly in the production of aircraft.
But aviation is also a multi-billion dollar market for IT solutions.
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CNN reports that the global aviation industry expects profits of almost $10 billion this year according to IATA head Willy Walsh.

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Content: The global aviation industry expects profits of almost $10 billion this year — Finance.ua
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The International Air Transport Association (IATA) predicts that global airlines should make nearly $10 billion in profits this year as business recovers from the coronavirus pandemic.
This is reported by CNN.
“Despite economic uncertainty, people are flying to reconnect, explore and do business.
Airports are busy, hotel occupancy is growing, the local economy is reviving, and the aviation industry has become profitable, ” said Willy Walsh, head of IATA.
The organization has more than doubled its global aviation industry profit forecast for 2023.
Airlines are expected to generate $9.8 billion in net profit this year, up from a December forecast of $4.7 billion.
According to Walsh, the increase in profitability was facilitated by revenue from freight transportation, the recovery of the Chinese economy and the decline in the price of aviation fuel.
IATA also expects 4.35 billion people to travel by air this year, close to the 4.54 billion passengers flying back in 2019 before the coronavirus pandemic began.
The aviation industry suffered net damage of $183 billion between 2020 and 2022 due to quarantines.
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Airlines are projected to generate $9.8 billion net profit in 2023, up from a December forecast of $4.7 billion.

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Content: The global aviation industry expects profits of almost $10 billion this year — Finance.ua
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The global aviation industry expects profits of almost $10 billion this year
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The International Air Transport Association (IATA) predicts that global airlines should make nearly $10 billion in profits this year as business recovers from the coronavirus pandemic.
This is reported by CNN.
“Despite economic uncertainty, people are flying to reconnect, explore and do business.
Airports are busy, hotel occupancy is growing, the local economy is reviving, and the aviation industry has become profitable, ” said Willy Walsh, head of IATA.
The organization has more than doubled its global aviation industry profit forecast for 2023.
Airlines are expected to generate $9.8 billion in net profit this year, up from a December forecast of $4.7 billion.
According to Walsh, the increase in profitability was facilitated by revenue from freight transportation, the recovery of the Chinese economy and the decline in the price of aviation fuel.
IATA also expects 4.35 billion people to travel by air this year, close to the 4.54 billion passengers flying back in 2019 before the coronavirus pandemic began.
The aviation industry suffered net damage of $183 billion between 2020 and 2022 due to quarantines.
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IATA expects 4.35 billion passengers to travel by air in 2023, nearing the 4.54 billion of 2019.

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Content: The global aviation industry expects profits of almost $10 billion this year — Finance.ua
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The global aviation industry expects profits of almost $10 billion this year
Stock market
15
The International Air Transport Association (IATA) predicts that global airlines should make nearly $10 billion in profits this year as business recovers from the coronavirus pandemic.
This is reported by CNN.
“Despite economic uncertainty, people are flying to reconnect, explore and do business.
Airports are busy, hotel occupancy is growing, the local economy is reviving, and the aviation industry has become profitable, ” said Willy Walsh, head of IATA.
The organization has more than doubled its global aviation industry profit forecast for 2023.
Airlines are expected to generate $9.8 billion in net profit this year, up from a December forecast of $4.7 billion.
According to Walsh, the increase in profitability was facilitated by revenue from freight transportation, the recovery of the Chinese economy and the decline in the price of aviation fuel.
IATA also expects 4.35 billion people to travel by air this year, close to the 4.54 billion passengers flying back in 2019 before the coronavirus pandemic began.
The aviation industry suffered net damage of $183 billion between 2020 and 2022 due to quarantines.
A new reality.
Useful information for those who are now in Ukraine or abroad
Based on materials:
UKRINFORM
If you notice an error, select the required text and press Ctrl + Enter to let us know.
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Asian companies, mainly Chinese and Indian, are expected to lead demand growth.

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Content: The leaders of demand growth are expected to be Asian companies, mainly Chinese and Indian.
The total demand for aircraft in 2023-2042 will be 40,85 thousand units, including 32,630 thousand for narrow-body liners, 8,220 thousand for wide-body liners, Airbus predicts.
It is expected that in the next 20 years, the world ’ s airlines will replace about 17,17 thousand old aircraft with new, more energy-efficient liners.
In the future, the demand for aircraft will increasingly be determined by the need to replace the old generation, given that the aviation sector sets itself sustainable development goals, according to the Global Market Forecast 2023 review.
Demand for cargo aircraft in 2023-2042 is expected to reach 2,510 thousand units.
According to the forecast of Airbus, by 2042, the global fleet of aircraft will be 46,560 thousand, including 3,23 thousand cargo ships.
The average growth rate of passenger traffic in the world 2019-2042 will be 3.6%, freight - 3.2%, Airbus expects.
Last year, the aerospace corporation predicted total demand for aircraft in the next 20 years at 39,490 units.

Global orders for Airbus increased by 2.5 times, and its core operating profit rose by four percent to 5.8 billion euros, with expectations of 6.5–7 billion euros this year.

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Content: The number of orders for Airbus in the world increased by 2.5 times
Last year, the number of aircraft orders from the European aerospace corporation Airbus increased by 155 percent, to 2,094 aircraft.
Operating profit from core activities increased by four percent, to 5.8 billion euros, and this year the group expects to bring it to 6.5-7 billion euros.
Last year, the number of aircraft orders from the European aerospace corporation Airbus increased by 155 percent in the world, to 2,094 aircraft.
This was reported in the financial statements for the fourth quarter.
Revenues for the quarter increased by 11 percent, to 22.9 billion euros, and for the year - by the same 11 percent, to 65.5 billion euros.
Net income fell 13 percent and 11 percent ($1.5 billion and $3.8 billion), respectively, but this result is due to write-offs in the spacecraft manufacturing units.
Operating profit from core activities increased by four percent, to 5.8 billion euros, and this year the group expects to bring it to 6.5-7 billion euros.
In total, the company delivered 735 aircraft, which is 11 percent more than in 2022.
As a result, Airbus for the fifth time in a row surpassed its main competitor, the American corporation Boeing, which has 528 aircraft and a net loss of $2.2 billion.
Earlier, Russian President Vladimir Putin called for the faster start of production of new domestic aircraft, pointing out that the country is one of the few in the world who has the capacity to create aviation equipment.
As of February 2024, none of the new aircraft that are included in the program for the development of civil aviation until 2030 has not yet made the first flight in the configuration in which its mass production is expected.

Shell’s aviation chief said global aviation fuel demand should recover to pre-pandemic levels of 300 million tonnes annually within one to two years.

Title:

Content: MOSCOW, 27 Sep — PRIME.
Shell ’ s aviation chief said on Tuesday that global demand for aviation fuel is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years.
Demand in the US has already returned to its 2019 levels, while consumption in Europe has risen to more than 80% and is likely to recover completely next year.
This opinion was shared with Reuters by the president of Shell Aviation Jan Tosca on the sidelines of the 38th Asia Pacific Petroleum Energy Conference (APPEC).
In Asia, the recovery is slightly more uneven, with markets opening and closing.
But the main stage of recovery, in particular in Asia, we expect next year, although it may take another year to fully revive the market, ” he said.
Deliveries of aviation fuel in Europe remain limited: EU sanctions on oil products from Russia, coming into force on February 5, will force the region to import more fuel from the US, China, India and the Middle East.
“The market will continue to have to buy from processing companies … supplying fuel by sea and rail, and all sales are now under greater pressure given these new trade routes, ” he added.

Asia’s recovery is uneven, but the main recovery phase is expected next year with full revival possibly taking one more year.

Title:

Content: MOSCOW, 27 Sep — PRIME.
Shell ’ s aviation chief said on Tuesday that global demand for aviation fuel is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years.
Demand in the US has already returned to its 2019 levels, while consumption in Europe has risen to more than 80% and is likely to recover completely next year.
This opinion was shared with Reuters by the president of Shell Aviation Jan Tosca on the sidelines of the 38th Asia Pacific Petroleum Energy Conference (APPEC).
In Asia, the recovery is slightly more uneven, with markets opening and closing.
But the main stage of recovery, in particular in Asia, we expect next year, although it may take another year to fully revive the market, ” he said.
Deliveries of aviation fuel in Europe remain limited: EU sanctions on oil products from Russia, coming into force on February 5, will force the region to import more fuel from the US, China, India and the Middle East.
“The market will continue to have to buy from processing companies … supplying fuel by sea and rail, and all sales are now under greater pressure given these new trade routes, ” he added.

European aviation fuel deliveries are constrained as EU sanctions on Russian oil products push the region to import more from the US, China, India, and the Middle East, increasing pressure on processing companies.

Title:

Content: MOSCOW, 27 Sep — PRIME.
Shell ’ s aviation chief said on Tuesday that global demand for aviation fuel is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years.
Demand in the US has already returned to its 2019 levels, while consumption in Europe has risen to more than 80% and is likely to recover completely next year.
This opinion was shared with Reuters by the president of Shell Aviation Jan Tosca on the sidelines of the 38th Asia Pacific Petroleum Energy Conference (APPEC).
In Asia, the recovery is slightly more uneven, with markets opening and closing.
But the main stage of recovery, in particular in Asia, we expect next year, although it may take another year to fully revive the market, ” he said.
Deliveries of aviation fuel in Europe remain limited: EU sanctions on oil products from Russia, coming into force on February 5, will force the region to import more fuel from the US, China, India and the Middle East.
“The market will continue to have to buy from processing companies … supplying fuel by sea and rail, and all sales are now under greater pressure given these new trade routes, ” he added.

First-half 2023 passenger traffic for Russian airlines rose by 18% year-on-year to 47.5 million people, but concerns remain about fleet exhaustion without replacement.

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Content: Airline companies have flown in laid
Passenger traffic returned to levels five years ago
In the first half of 2023, Russian airlines increased transportation by 18% year-on-year, to 47.5 million people, said the head of the Ministry of Transport Vitaly Saveliev.
This figure is also 18% lower than in 2019, and only 1 million more than in 2017.
Experts believe that the target set by the Ministry of Transport of 101 million passengers by the end of the year will be achieved.
But some sources believe that the increase in traffic is fraught with rapid exhaustion of the resource of the fleet of aircraft, which has nothing to replace.
Passenger traffic of airlines increased in the first half of the year by 18%, in annual terms to 47.5 million people, said Transport Minister Vitaly Savelyev at a meeting of the President of the Russian Federation with members of the government.
This is 18% lower than in 2019, when the industry was not yet affected by the covid and the consequences of hostilities in Ukraine, and roughly corresponds to the level of the first half of 2017, when 46.2 million passengers were transported.
The Ministry of Transport predicts at the end of the year passenger traffic of 101 million people or even higher (against 95 million people in 2022).
Experts consider this feasible, given that in the second half of the year transportation is usually somewhat higher than in the first.
As in 2022, 80% of passenger traffic will be on domestic flights, of which half will be on interregional transportation, experts expect.
Especially stand out Novosibirsk and Yekaterinburg, "intercepted" due to the development of the route network a significant share of passenger traffic at the airports of Moscow, said Vice President of the Russian Union of Travel Industry Dmitry Gorin.
Traditionally, Sochi and Minvody will remain in demand.
According to the Ministry of Transport, passenger traffic on international routes can reach about 20 million people - an increase of 12% year-on-year.
According to Vitaly Saveliev, now Russian airlines make direct flights to 24 countries.
Taking into account foreign carriers, direct flights are available in 36 countries, adds Mr. Gorin.
He notes that the driver of growth will remain Turkey, where 3 million people can fly in the summer.
Thailand quickly recovered to pre-pandemic levels, with 800,000 visitors in the first half of the year.
Passenger traffic in the UAE has increased by 60%: if until 2020 it was about 400 thousand people per year, this year it should be about 1.1 million.
Egypt, which has turned from a traditionally winter to a year-round destination, will “gather ” about 900 thousand tourists by the end of the year.
The main increase, according to Dmitry Gorin, will give air communication with China “subject to the implementation of the project of electronic visas and visa-free group trips. ”
Vitaly Saveliev said that, despite the increase in costs and the reduction of subsidies to the industry three times compared with 2022 (from 174 billion rubles to 58 billion rubles), airlines manage to restrain the growth in the cost of tickets.
Many interlocutors of Kommersant in the industry believe that the artificial containment of tariffs for the sake of maintaining passenger traffic can lead to premature departure of aircraft against the background of a shortage of spare parts and the impossibility of extending the resource.
Some experts believe that airlines that actively operate SSJ will be forced to sharply reduce traffic by 2024.
In the spring, at the ATO conference, a representative of Rusline Airlines said that, according to the carrier ’ s flight program, the park ’ s resources will last for three years.
Comments about the risks of exhausting the resource of the fleet really sound in the industry, says Oleg Panteleev, Executive Director of “Airport ”.
However, publicly none of the largest operators of the main jet fleet did not declare problems with maintaining airworthiness and the need to save resources.
In addition, the expert recalls, the Ministry of Transport stated that airlines will be able to operate foreign aircraft until 2030 and therefore the regulator has no reason to revise the targets for passenger traffic.
In the aviation industry, traffic is traditionally paid more attention than financial metrics, said Alexander Gushchin, director of the ACRA corporate ratings group.
He notes that for carriers it was and remains important to maintain their market share in physical terms, and for the aviation authorities this is the most understandable indicator of transport accessibility.
Aigul Abdullina
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Direct flights from Russia are available in 36 countries, with Turkey remaining a growth driver, especially with 3 million expected summer travelers.

Some experts believe airlines operating SSJ may need to cut traffic in 2024 due to fleet constraints, with spare resources potentially lasting three years.

The International Civil Aviation Organization (ICAO) expects passenger air travel demand on most routes to return to and surpass pre-pandemic levels by the end of 2023.

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Content: What is the new ICAO report about?
The International Civil Aviation Organization (ICAO) predicts that demand for passenger air travel on most routes will recover to pre-pandemic levels by the first quarter of 2023, and by the end of the year will have achieved an increase of about three percent compared to 2019.
The number of air passengers carried in 2022 increased by 47 percent compared to 2021, mainly due to the rapid recovery of most international routes.
As for airlines ’ annual revenue from passenger traffic, while maintaining profitability and exchange rates at 2019 levels, ICAO sees a 50 percent increase between 2021 and 2022.

International air travel grew by 41.6% last year, reaching 2019 levels in the fourth quarter of 2023.

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IATA: 41.6% growth in international travel last year
touched 2019 levels in the fourth quarter of 2023
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The International Air Transport Association (IATA) confirmed that the recovery in air travel continued in December and that total traffic for 2023 came closer to touching demand levels before the coronavirus epidemic.
According to a press release issued by IATA yesterday, total travel in 2023 (measured in passenger revenue per kilometer) increased by 36.9% compared to 2022, and travel for the whole of 2023 was 94.1% of its 2019 levels.
Total travel traffic for December 2023 grew by 25.3% compared to December 2022, reaching 97.5% of the December 2019 level, according to the Emirates News Agency (WAM).
Travel traffic in the fourth quarter was 98.2% of 2019 levels, reflecting a strong year-end recovery.
According to another IATA statement on air freight traffic, the recovery continues with exceptional performance in the fourth quarter of 2023, and during November and December as some shipping companies switched to air freight instead of sea freight.
International travel in 2023 increased by 41.6% compared to 2022 and reached 88.6% from 2019 levels, and international travel in December 2023 grew by 24.2% compared to December 2022, reaching 94.7% from December 2019, and travel in the fourth quarter reached 94.5% from 2019 levels.
Local travel
Domestic traffic for 2023 grew 30.4% compared to the previous year and domestic traffic in 2023 was 3.9% higher than the level for the whole of 2019.
Domestic traffic in December 2023 grew by 27% compared to the same period a year earlier and was 2.3% higher than in December 2019, while travel in the fourth quarter was 4.4% higher compared to the same quarter of 2019.
IATA Managing Director Willie Walsh said: “The strong recovery continued and traffic in December 2023 was only 2.5% below 2019 levels, with strong performance in the fourth quarter encouraging airlines to return to normal growth patterns in 2024.
Performance of international markets
On the performance of international markets, airlines in the Asia-Pacific region recorded a 126.1% increase in international traffic for the whole of 2023 compared to 2022, maintaining the strongest year-on-year rate among regions.
Capacity increased by 101.8%, while load factor increased by 9% to 83.1%, with travel in December 2023 up 56.9% compared to December 2022.
European airline traffic for the full year grew by 22% compared to 2022, capacity increased by 17.5%, and load factor increased by 3.1 percentage points to 83.8%.
In December, demand rose 13.6% compared to the same month in 2022, and travel in December was higher than the corresponding month in 2019 for the first time since the start of the epidemic.
Airlines in the Middle East saw a 33.3% increase in traffic in 2023 compared to 2022, capacity increased by 26% and load factor increased by 4.4 percentage points to 80.1%, and demand in December increased by 16.6% compared to the same month in 2022.
North American airlines recorded a 28.3% year-on-year increase in traffic in 2023 compared to 2022.
Capacity increased by 22.4%, load factor increased by 3.9 percentage points to 84.6%, and travel in December 2023 increased by 13.5% compared to the same period last year.
Latin American airlines recorded a 28.6% increase in traffic in 2023 compared to the whole of 2022, annual capacity increased by 25.4%, load factor increased by 2.1% to 84.7%, the highest among regions, and demand in December increased by 26.5% compared to December 2022.
The annual traffic of African airlines increased by 38.7% in 2023 compared to the previous year, the capacity for the whole of 2023 grew by 38.3%, the load factor increased by 0.2% to 71.9%, and the travel of African airlines in December 2023 increased by 9.5% compared to December 2022.
Air Freight Recovery
Global air cargo markets data released by IATA yesterday showed that air cargo demand continues to rebound in 2023 with a particularly strong performance in the fourth quarter, with full-year demand reaching a level just below 2022 and 2019.
Full-year global demand in 2023, measured by freight tonnage per kilometre, fell 1.9% compared to 2022, while the decline for international operations was 2.2%, and compared to 2019, demand fell last year by 3.6% and 3.8% for international operations.
Capacity in 2023, measured by the available freight tonnage per kilometre, increased by 11.3% compared to 2022, while for international operations, the increase reached 9.6%, compared to 2019 levels, the capacity increased by 2.5%, and remained stable for international operations.
December 2023 saw exceptionally strong performance, with global demand exceeding 2022 levels by 10.8% and 11.5% for international operations, the strongest annual growth performance in the past two years, and global capacity was 13.6% higher than 2022 levels and 14.1% higher than the year ’ s levels for international operations.
Global cross-border trade grew for the third consecutive month in October, and December inflation in both the United States and the European Union, as measured by consumer price indices, remained below 3.5% year-on-year, according to the IATA statement, and the Chinese CPI pointed to contraction for the third consecutive month, raising fears of an economic slowdown.
The PMI for manufacturing production and new export orders, two key indicators of global air freight demand, continued to rise below the December 50 level, the usual indicators of deflation.
IATA Director General Willie Walsh said: “2023 saw air freight markets regain their lost growth in 2022 after the extraordinary peak that followed the coronavirus in 2021, and although year-long demand was 3.6% below pre-coronavirus levels, the significant growth in the last quarter is a sign that markets are stabilizing to more normal demand patterns. ”
“What demand saw in the last quarter puts the industry on a solid footing for success in 2024 but as instability continues and in some cases worsens, nothing is guaranteed in the coming months. ”
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European airline traffic for the full year increased by 22% versus 2022, capacity rose 17.5%, and load factor climbed 3.1 percentage points to 83.8%.

In December, demand was up 13.6% year-on-year and surpassed December 2019 levels for the first time since the pandemic began.

Airbus announced a record 500-aircraft deal with Indian airline IndiGo at the Paris Air Show, highlighting strong demand amid supply chain challenges.

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Airbus signs record 500 aircraft deal with Indian airline
Airbus (AIR.PA) announced a record 500 aircraft deal with Indian airline IndiGo (INGL.NS) on the first day of the Paris Air Show on Monday, as strong demand for aircraft and air defenses competed for attention to the industry ’ s supply chain problems.
The multi-billion-dollar deal for single-aisle aircraft – the largest ever in terms of number of aircraft – confirmed a Reuters report earlier this month and surpassed Air India ’ s interim purchase of 470 Airbus and Boeing (BA.N) aircraft earlier this year.
The world ’ s largest air show, which alternates with Britain ’ s Farnborough, is being held at Le Bourget for the first time in four years after the 2021 edition fell victim to the epidemic.
French President Emmanuel Macron traveled to the crowded space bazaar by helicopter and watched an overflight show that included the latest development of Airbus ’ A321XLR aircraft, and Air Force including the French Rafale fighter.
On the civilian side, aircraft manufacturers have arrived with increased demand expectations as airlines rush to be able to meet demand and help reach the industry ’ s net zero emissions targets by 2050.
But they also face a challenge to meet this demand as suppliers struggle with rising costs, a shortage of spare parts and a dearth of skilled labor in the wake of the epidemic.
Industry executives say up to 2,000 aircraft orders are on the table for takeover around the world in the emerging commercial aircraft market, on top of those already provisionally announced, as airlines try to fill the void left by the sharp decline in activity in the COVID crisis.
But they said only part of these potential new deals would be ready in time for this week ’ s air show, which could see a mix of new and frequent announcements.
Agency Partners analyst Sach Tossa said: “Only when these appear in the year-end backlog do we have any idea of the market ’ s strength and the quality of orders.
The IndiGo deal highlights the growing importance of India, the world ’ s fastest-growing aviation market, serving the largest population, to aircraft makers.
Peter Elbers, CEO of IndiGo, told a press conference.
In another major market, Airbus said Saudi low-cost carrier flynas had confirmed an order for 30 of its narrow-body A320neo jets, confirming a Bloomberg report.
The air show takes place in the shadow of the conflict in Ukraine, with no Russian presence in the chalets and galleries unlike the last event four years ago.
A Ukrainian minister told Reuters that Kiev is in talks with Western arms manufacturers to boost production of weapons, including drones, and may sign contracts in the coming months.
Belgium has said it will apply to join as an observer for the potential successor of the Rafale and Eurofighter multinational fighter jet, the French-German-Spanish fighter project FCAS, despite differences among industrial partners over whether to expand.
France ’ s Thales (TCFP.PA) also announced a contract with Indonesia to purchase 13 long-range air surveillance radars.
Looking at the rest of the offer, Air India may end its recent huge order, split between Airbus and Boeing, as Irish tenant Avolon finishes a deal with Boeing that is seeing a relatively quiet offering after a series of recent orders.
Airbus is seen close to a potentially big deal with Mexico ’ s Viva Aerobus, but by Monday, some sources expected the size to be closer to 60 compared to the three figures first reported, with no guarantee of this week ’ s result.
With increased bargaining power available to them due to supply shortages, airline executives say aircraft makers are becoming tougher on price and more cautious than they were on previous bikes.
In the meantime, engine makers are making bets on fuel-saving technology that will affect how aircraft evolve in the next decade.

Aircraft suppliers are struggling to meet surging demand due to higher costs, spare part shortages, and labor constraints post-pandemic.

Only a portion of prospective new aircraft deals are expected to be finalized in time for this year's major industry events.

IndiGo’s CEO confirmed Airbus’s dominance in order volume over Boeing.

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Content: Orders for Airbus are superior to Boeing.
T + T - normal size
The first major air transport exhibition, since the beginning of the spread of the coronavirus in Dubai, showed a great disparity in terms of trade performance between the European Airbus and the American Boeing as the sector emerges from the crisis that hit it for months.
As with every high-level international gathering in the sector, attention has focused on the two major aircraft manufacturers, who are scrambling to attract orders, but competition in Dubai has not been very intense, as Airbus appeared to have overcome the COVID-19 crisis with orders and agreements announcing intentions to sell 408 new aircraft, surpassing orders from the Paris exhibition in 2019, in exchange for contracts to sell 78 Boeing aircraft. G ".
The European manufacturer has hit hard since the first day of the Dubai show on Sunday with a firm order for 255 single-aisle A-321s, a plane whose range and capacity offer passengers flexibility that increases its appeal to airlines.
Airbus president Guillaume Fawry in Dubai said: “The prospects are beginning to blossom.
Airlines are also starting to look further ahead and prepare for the post-crisis period. ”
While global travel, still at half its 2019 level, is expected to recover between 2023 and 2025, demand for new aircraft should rise in the next 20 years, according to aircraft manufacturers.
Airbus expects to sell 39,000 planes and Boeing 43,000 to cope with the increase in travel and get planes that consume less fuel and thus emit less carbon dioxide.
The U.S. aircraft maker appeared conservatively at the show, announcing in a statement a major order for 72 single-aisle 737-MAX aircraft for India ’ s newly established Akasa Air.
The 737 Max crashes, 787 production problems and delays in the adoption of the future 777X wide-body aircraft caused the company to stumble.
Boeing Commercial Director Ehsan Munir told reporters that “safety and quality will be the guiding principles of everything we do. ”
The company showed at the exhibition the 777X aircraft for the first time outside the United States, in an indication of the near licensing, especially as the Dubai-based Emirates airline alone accounts for a third of the orders on the expected aircraft, but « Boeing » did not announce the start of the process of manufacturing a cargo version of the aircraft, as was hoped in Dubai, noting that this will be « soon ».
Airbus CEO Guillaume Fawry said the range of orders the company received at the Dubai Airshow this week had boosted its hopes of increasing production.
Airbus received 265 confirmed orders at the Dubai show, narrowing the gap with Boeing, which has topped sales this year as its 737 MAX emerges from a safety crisis.
A further 139 temporary orders raised Airbus ’ Dubai tally to more than 400 aircraft, while Boeing picked up firm orders for 72 MAX jets.
Airbus has agreed to increase production to 65 single-aisle aircraft per month by 2023 from an average of 45 scheduled for this quarter.
In addition, Airbus has asked suppliers to consider production rates of 70 aircraft by early 2024 and 75 by 2025, but has not yet made a decision.
Some suppliers have criticized the plans, expressing concern that recovery from the coronavirus epidemic remains incomplete.
Fawry told Reuters in an interview this week: “We are in the process of evaluating the application.
What happened (in Dubai) is important, because it gives, along with expectations and other upcoming deals, evidence that the demand we see for 70 / 75 will continue for many years. ”
The view of demand based on orders received by Airbus and its own assumptions based on conversations with airlines is in line with the picture provided by the new Airbus market outlook published at the show.
Airbus deliveries have fallen in the past three months, partly due to supply chain disruptions.
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What happened to the market shares between Boeing and Airbus after the Covid-19 crisis?

Airbus announced order intent for 408 new aircraft, while Boeing has secured contracts for 78 aircraft.

Airbus received 265 confirmed orders at the Dubai Air Show, narrowing Boeing’s sales lead in a year Boeing benefited from renewed interest in its 737 MAX.

Airbus plans to ramp up monthly production to 65 single-aisle aircraft by 2023 from a current average of 45 this quarter.

Saudi Arabia placed a significant 121-aircraft order with Boeing, primarily for wide-body jets suited to long-haul travel.

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Content: Private.
Boeing chief: Saudi Arabia orders 121 aircraft
The total value of the aircraft was $35 billion.
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Dr. Brendan Nelson, CEO of Boeing International, said that Saudi Arabia is an important customer for us and a partner of Boeing International, and we are fully committed to supporting it in achieving its ambitious Vision 2030 in the aviation field.
Dr. Brendan Nelson said in an exclusive interview with Al Arabiya.
The Kingdom ’ s main focus for the aircraft it orders is wide-body aircraft, i.e. larger, twin-aisle aircraft such as the 777 and 787.
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"The new Riyadh Air has ordered 72 different 787 aircraft, while Saudi Airlines has also ordered 39 787 aircraft, in addition to other options of up to 10 additional aircraft, bringing the total number of aircraft from Saudi Arabia to 121, with a total value of about $35 billion, and we will work to deliver these aircraft on time, overcoming our supply challenges," he said.
"We are now competing with another company to win the Saudi contract to provide 737 slim hull aircraft to Saudi airlines," he said, noting that negotiations on that contract are ongoing so far and are confidential, and we are confident of achieving this because of the reliability of our exceptional aircraft and the appropriate prices we offer to the Kingdom.
“Delivering and delivering the aircraft ordered by Saudi companies on time is very important to us, but we do not seek rapid production at the expense of quality or safety, we are keen to ensure that supply chains match the requirements of delivering the aircraft to Saudi companies, ” he said.
Boeing ’ s outlook for the Middle East
“Our forecast for the Middle East for the next 20 years is that the region will need 3,000 new aircraft, and if we think about it, 8 hours of air travel from any of the major airports in the Middle East will cover 80% of the world ’ s population and 70% of the future economic growth areas in the next 20 years, ” he said.
“With economic growth estimated at 2.7 per cent per annum for the next decade in the Gulf region, air travel will increase by 4 per cent per annum, making the Middle East a very important global customer for Boeing. ”
Chinese Aircraft Manufacturing Company
As for the Chinese aircraft manufacturer, he said, "China is a great power and has re-emerged with a very strong economy, with a population of 1.4 billion people.
We support China ’ s development and construction of its own aircraft, the Comac C919 is a good and safe aircraft in our opinion, and perhaps by 2050 they control 10% of the market.
"But when we think about how big the aviation market is, it means there's extra business for everyone, whether it's Boeing or Comac, and certainly our main competitor."
“Boeing has experienced significant challenges in recent years in terms of accidents as well as the global pandemic, but our current situation is very strong as demand for commercial aviation in particular has risen to record levels as airlines revamp their fleets and the geopolitical environment has significantly increased global investment in defence, ” he said.
US $100 billion
“We expect our profits for 2025 and 2026 to be close to $100 billion, we expect 10% operating profit, and a free cash flow in 2025 and 2026 of about $10 billion, of which we will invest $3 billion in research and development. ”
“We are doing everything we can to decarbonise our industry and industry to achieve sustainable aviation, with aviation accounting for 2.6% of global heating emissions and nearly 12% of transport. ”
We are introducing sustainable aviation fuel as well as electricity, hydrogen and new technologies that improve the efficiency of aircraft performance and the way airlines operate their aircraft, and introducing new technology that helps to completely eliminate carbon emissions.
One of the key technologies is Weske, the urban self-driving vehicle, and we are in the advanced stages of developing the aircraft that will feature the same safety standards as commercial aircraft, and are working with regulators around the world to obtain certification.
We are also working with the US Space Agency to develop aircraft wings that enable them to fly at near the speed of sound along with engine technology from engine manufacturers, which we are confident will result in high air travel efficiency, significant reduction in carbon emissions, and lower fuel consumption, and will launch this aircraft in mid-2030.
And besides, we have a lot of covert military capability work with the Pentagon.
The overall challenges are decarbonising the aviation industry, which is a top priority for Boeing, and there are supply chain challenges that we expect to continue through 2023 and 2024.
To reduce supply chain challenges, we invest our resources to work with our suppliers, replicate supply chains in some regions in response to the geopolitical consequences of Russia ’ s invasion of Ukraine, and introduce new technology to improve supply chain efficiency.
The other challenge we face in general is the labor market. After we emerged from the pandemic, we started to see very tight labor markets in many parts of the world. Recruiting the people we need to meet our customers ’ requirements is a challenge. We are undoubtedly operating in a very complex environment with a major energy transition. In some parts of the world, we face a significant increase in energy prices. A truly global company.
In order to achieve this, we are developing engineering capabilities outside the United States, investing in engineering centers, 17 of which we have around the world now, as well as research and technology centers, as well as contributing to investment in countries with large markets and localizing our business in those countries.
These are some of the challenges we face.
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Boeing’s outlook for the Middle East includes continued growth, covert military projects, and managing complex geopolitical and energy transitions.

Boeing has reduced its overall commercial aircraft demand forecast, but near-term sales remain robust as airlines modernize fleets post-pandemic.

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Content: Boeing cuts its forecast for commercial aircraft demand
Despite widespread concerns, demand for cargo planes remains strong
Ayman Azzam
8: 47 PM, Sunday, 17 Jul 22
Boeing has cut its forecast for commercial aircraft demand for the coming decades as deliveries are weighed down by the prospect of slowing global economic growth and uncertainty about Russia.
In its latest long-term market estimate, Boeing expects manufacturers to deliver about 41,170 new aircraft to customers through 2041.
This is a slower pace than forecast a year ago, when the company estimated 43,610 deliveries over a 20-year period to 2040 (a 5.5% decline).
Boeing also cut its forecast for annual passenger traffic growth over the next 20 years from 4% to 3.8%.
The discounted outlook sheds light on how geopolitical and economic disruptions are permanently affecting the commercial aviation industry.
Boeing ’ s rival Airbus similarly lowered its forecast for travel demand for the next two decades, citing rising energy costs as a key factor behind the decline.
Reduced demand for new aircraft
Darren Holst, Boeing ’ s vice president of commercial marketing, said his company also expects lower global economic growth until 2041 than last year ’ s forecast, which also translates into lower demand for new aircraft.
The latest forecast by the U.S. planemaker rules out any possible future deliveries to buyers from Russia, which has already been excluded from the global aviation market due to sweeping sanctions imposed by the United States and other countries following its invasion of Ukraine.
Boeing predicted last year that Russian customers would make up about 1,500 aircraft sales over the next two decades.
Holst told reporters before issuing the forecast: “Russia is not a viable market for us. ”
Demand for commercial aircraft
Despite widespread concerns, demand for cargo aircraft remains strong, with the global fleet expected to grow to 3,610 aircraft in 2041, from 2010 aircraft in 2019.
Sales of new aircraft are expected to be strong over the next decade, as airlines strengthen their fleets to meet the burgeoning demand for air travel after the coronavirus pandemic.
Based on this estimate, Boeing estimates that airlines will need 19,575 new aircraft by 2031, compared to 19,330 by 2030 as projected last year.
Holst said: “There is a huge amount of airport runways waiting for the travel industry to return to normal levels. ”

Dubai hosted the IATA’s 80th Annual General Meeting and World Air Transport Summit, reinforcing the city’s status as a global aviation hub.

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Content: The emirate welcomes more than 1,500 guests of global aviation leaders
Ahmed bin Saeed: IATA meeting in Dubai outlines air transport strategy in the coming period
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His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Airports, Supreme President and CEO of Emirates and the Group, said that Dubai ’ s hosting of the 80th Annual General Meeting of the International Air Transport Association (IATA) determines the strategy of air transport in the coming period.
This came on the sidelines of Dubai ’ s hosting of the 80th Annual General Meeting of the International Air Transport Association (IATA) and the World Air Transport Summit.
His Highness said in a blog post on his account on the platform « X » yesterday: « Dubai is proud to host the 80th annual General Meeting of the International Air Transport Association (IATA) and the World Air Transport Summit.
The first day began with the official dinner, welcoming more than 1,500 guests from the global aviation industry.
I look forward to the important discussions during the meetings and the decisions that will set the IATA strategic agenda for the period ahead. ”
His Highness added: I was pleased to receive His Excellency Abdullah bin Tawq Al Marri, Minister of Economy, during the 80th Annual General Meeting of the International Air Transport Association (IATA) this morning.
The aviation sector plays a pivotal economic role in Dubai and the UAE.
“As we host this year ’ s meeting, we further emphasised the importance of air travel in furthering our ongoing development journey. ”
Sustainable Flight
His Excellency Abdullah bin Tawq Al Marri, Minister of Economy, said in his speech at the meeting, which was attended by Saif Mohammed Al Suwaidi, Director General of the General Authority of Civil Aviation, that sustainable aviation fuel is expected to contribute 60% to the decarbonization of the aviation sector, stressing the UAE ’ s commitment to produce more than 700 million liters of sustainable aviation fuel annually by 2030.
The IATA Annual General Meeting is an exceptional opportunity to turn the industry ’ s ambitious goals into reality, paving the way for a more sustainable future.
Tim Clark, President of Emirates Airline, in his capacity as Chairman of the IATA General Assembly, said that Dubai has established its position in the global aviation field and flourished thanks to its policy and leadership vision that believes in the role of air transport as a key economic enabler, pointing out that the aviation sector contributed 27% to Dubai ’ s GDP last year and added $37 billion in total value.
“In today ’ s challenging world, aviation dialogue is critical, and our hosting of the 80th Annual General Meeting in Dubai, home to more than 100 airlines, underscores the vital role the industry plays in the country ’ s prosperity and promising future.
2nd globally
The International Air Transport Association (IATA) issued a report on the sidelines of the 80th annual general meeting of the International Air Transport Association (IATA) in Dubai and the World Air Transport Summit, which is being held for the first time in the UAE.
The report showed that the UAE ranked second in the world in transit travel with a total of 29.8 million passengers during 2023, and ranked eighth in the world in air connectivity, according to the classification of the International Air Transport Association (IATA).
He explained that the UAE has direct flights with more than 114 countries around the world, and provides passengers through its airports direct access to 319 international destinations.
The report revealed that passenger traffic through the country ’ s airports during 2023 reached more than 100 million passengers, while the number of passengers arriving in the UAE as a final destination recorded a record increase during the first quarter of this year of 18% year-on-year, while the UAE aviation sector added $47.4 billion (AED 174 billion) to the country ’ s GDP, in addition to supporting the sector for more than 777,000 jobs.
Data from the report also showed that Dubai International continued to lead global airports in international passenger traffic, with IATA saying that the UAE continues to benefit from its attractiveness for leisure and business travelers.
Financial performance
The report revealed an expected improvement in the financial performance of airlines in 2024 compared to its forecasts in June and December 2023.
Etihad expects airline net profit to reach $30.5 billion in 2024, up from $27.4 billion last year, an improvement from IATA ’ s December 2024 profit forecast of $25.7 billion.
According to IATA, the return on capital invested in 2024 is expected to reach 5.7%, about 3.4 percentage points below the average cost of capital, while operating profit is expected to reach $59.9 billion in 2024, compared to $52.2 billion in 2023, and revenues to $996 billion, a record in the history of the civil aviation industry.
According to IATA forecasts, the total number of passengers will reach 4.96 billion in 2024, while the total expenditure is expected to reach $936 billion and the total volume of air cargo to 62 million tons.
Profits
Willie Walsh, managing director of the International Air Transport Association (IATA), said: “In a world of growing uncertainty, airlines continue to boost their profits.
The projected net profit of $30.5 billion in 2024 is a significant achievement given the sector ’ s losses during the pandemic.
With the number of air passengers expected to reach about 5 billion in 2024, the human need for air travel is stronger than ever.
The global economy relies on air freight to deliver $8.3 billion worth of trade, making aviation one of the most vital sectors for economic growth and prosperity.
Enhancing the profitability of airlines and improving their financial flexibility are important areas to focus on, as profitability allows investment in products to meet customer needs, as well as in sustainability solutions, as we need to achieve zero carbon emissions by 2050.
The return on invested capital of 5.7% is much lower than the cost of capital, which is more than 9%.
Earning just $6.14 per passenger is an indicator of how small profits are, barely enough to buy a cup of coffee in many parts of the world.
In terms of air freight, Etihad expects freight revenue to fall to $120 billion in 2024 (from $138 billion in 2023).
Both years were also down sharply from the 2021 record of $210 billion, but higher than 2019 revenue of $101 billion, an improvement from the previous forecast of $111 billion announced in December 2023.
Despite strong demand, shipping revenues are expected to decline by 17.5% in 2024, while remaining slightly above 2019 levels.
This is a return to normal levels after the record levels recorded during the pandemic.
A key factor contributing to this is the large belly storage capacity that entered the market in 2023 as passenger markets rebounded.
Expenses
In terms of operating expenses, Etihad expects the average price of aviation fuel to reach $113.8 per barrel in 2024, which means a total fuel bill of $291 billion, representing 31% of total operating costs, as high crude oil prices continue to negatively impact record margins for aviation fuel refining, which are expected to reach 30% in 2024.
Indicators confirm that sustainable aviation fuel will meet 0.53% of the global fuel demand in 2024, which will cost $3.75 billion, which represents an additional $2.4 billion to the cost of purchasing the same amount of aviation fuel, and the carbon dioxide emissions from the industry in 2024 is expected to reach 935 million tons from the consumption of 99 billion gallons of fuel.
The total number of airline employees is expected to reach 3.07 million, which is just over 2.93 million in 2019.
Fleets
Etihad expects a stock of 38.7 million flights to be available in 2024.
This is 1.4 million fewer flights than previously estimated (December 2023), largely due to slower deliveries in the face of ongoing supply chain issues in the aviation industry.
The number of aircraft deliveries scheduled for 2024 is expected to reach 1,583.
The Middle East benefits from the strength of the region ’ s economies and global hubs as the UAE continues to capitalise on its appeal to leisure and business travellers alike.
Saudi Arabia ’ s massive investment in infrastructure and tourism is also driving strong growth in passenger and cargo volumes.
Although airlines continue to increase capacity, revenues remain good and demand for travel remains booming and looks set to continue.
Geopolitical risks are the main threat, especially for airlines in the Levant region, while Gulf carriers will be relatively less affected unless tensions between Iran and Israel escalate.
Data exchange
Etihad Airways announced that 40 airlines have signed a formal agreement to include their flight data in the IATA flight data exchange program, with another 40 companies currently preparing to join the program as well.
The flight data exchange program was launched in October 2023, and the first version is scheduled for launch in March 2025.
The flight data exchange program collects data on flight schedules, capacity and minimum time required for connecting two flights, extracted from various IATA products and services used to support network development, revenue management, and coordination of appointments and agreements between airlines.
The number of airline CEOs adhering to the IATA Safety Leadership Charter has reached 73.
The move reflects the strong presence of a safety culture in the aviation industry that has achieved some of the best achievements in this area in 2023, including zero deaths recorded by member airlines of the Union, or airlines listed on the IATA Operational Safety Audit Register.
The Federation developed the Safety Leadership Charter in consultation with its members and the aviation community to support senior executives in establishing a positive safety culture within their organizations.
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Dubai’s aviation sector contributed 27% to GDP and added $37 billion in value last year; however, airlines’ profits averaged just $6.14 per passenger.

Etihad projects global air freight revenue will normalize to $120 billion in 2024 after a pandemic-related surge to $138 billion in 2023.

Airline employment worldwide is expected to surpass pre-pandemic levels, reaching 3.07 million people.

The Middle East’s strong economies and global air hubs continue to drive aviation growth, especially in the UAE.

Boeing forecasts the global commercial aircraft fleet will double over the next 20 years, with cargo plane demand expected to rise 3.5% annually.

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Content: North Charleston, South Carolina assembly plant owned by Boeing (AFP)
Boeing expects to double the number of commercial aircraft in the next 20 years
Boeing expects to double the number of commercial aircraft worldwide in the next 20 years, according to estimates published by the company on Sunday, slightly higher than the expectations of its rival Airbus.
The company expects the number of aircraft in service to reach 48,575 aircraft in 2042 compared to 24,500 last year, which will necessitate the production of 42,595 aircraft, half of which will be dedicated to the replacement of the fleet currently used, and the other half to ensure the growth of the sector.
After the Coronavirus crisis, we move from a recovery phase to restoring the foundations of the airline industry
Boeing Commercial Marketing Officer Darren Halst
Twenty-three percent of the new aircraft will go to North America, 22 percent to Asia Pacific, 21 percent to Eurasia, and 20 percent to China alone.
Boeing said the demand for cargo planes would remain strong at 3.5 per cent a year, outpacing the increase in global trade, estimated by Boeing at 3 per cent a year over 20 years.
The forecast, released on the eve of the opening of the Le Bourget International Air Show on the outskirts of Paris, is close to figures published by Boeing last year, which estimated the number of aircraft in 2041 to be 47,080.
Airbus expects the world will need 40,850 new passenger and cargo aircraft by 2042, raising the global fleet to 46,560 from 22,880 in early 2020.
Darren Halst, Boeing ’ s commercial marketing officer, said: “After emerging from the coronavirus crisis, which has heavily impacted demand, we are moving from a recovery phase to restoring the foundations of the airline industry for 60 years. ”
Fixing a digital flaw in the systems of some Boeing aircraft
He pointed in particular to the link between travel and global GDP growth, which will reach 2.6% a year, representing a 70% increase over two decades, which will increase the size of the middle class by 500 million people who are more likely to travel by air.
Boeing also believes that low-cost companies will continue to grow in the next 20 years and "more than double in size," though the pace will be weaker than in the past two decades, when its fleet grew six-fold.
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IATA’s director general noted that higher oil prices and labor shortages may slow the airline recovery.

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Content: 08: 34
Economic Bulletin (10 / 11 / 2021)
IATA Director-General Willie Walsh has warned that rising oil prices could delay the recovery of some airlines and that another challenge is the lack of labour needed by the sector.

Airbus posted its highest-ever profit of €4.2 billion and plans a €1.5 per share dividend, while Boeing suffered a third consecutive annual loss due to delays and cost overruns.

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Content: Global Economic News
Despite the COVID-19 crisis,
Airbus earns the highest profit in its history with 4.2 billion euros
Airbus will distribute dividends to shareholders with plans to offer a €1.5 share per share.
Airbus returned to growth in 2021 with the biggest profit in its history, unaffected by the historic air transport crisis in the wake of the COVID-19 pandemic.
After posting losses for two consecutive years, the European planemaker reported a net profit of 4.2 billion euros in 2021, surpassing the 2018 record level of 3.1 billion euros at a time when it was manufacturing nearly a quarter more aircraft than the current number.
Guillaume Fawry, the group ’ s chief executive, said in a statement that “our focus has shifted from managing the epidemic to recovery and growth. ”
Fawry attributed these "remarkable" results to the increase in the number of commercial aircraft delivered, which amounted to 611 aircraft in 2021, an increase of 8 percent over 2020, to the "good performance" of space and defense activities, as well as to the helicopter division "and" the focus on cost reduction and competitiveness ".
The volume of deliveries is a reliable indicator of profitability in the aircraft industry, with customers paying the bulk of the bill when they receive the aircraft.
In its 2022 guidance, Airbus said it “does not expect further disruption to the global economy, air traffic, the company ’ s internal operations and its ability to deliver products and services. ”
Airbus will distribute dividends to shareholders with plans to offer a stake of 1.5 euros per share, after cancelling it in the past two years.
But U.S. rival Boeing did not make a profit, posting a loss for a third year in a row in 2021 as the cost of delayed deliveries of the 787 and more expensive production runs higher.
Aviation collapsed in 2020 as the COVID-19 pandemic forced countries to close their borders.
Since the start of the health crisis, Airbus has cut production significantly and announced the abolition of 15,000 jobs before finally reducing that number to 10,000.
The group, which had 126,000 employees at the end of 2021, plans to employ at least 6,000 people this year.
Airbus, whose production has fallen by a third to 40 A320 single-aisle aircraft (A319, A320 and A321) per month since April 2020, was producing about 45 aircraft per month at the end of 2021.
It plans to increase its production to 65 A320 aircraft per month in 2023, an unprecedented number.
Revenue increased 4 percent to 52.1 billion euros last year thanks to the number of commercial aircraft delivered.
Its operating profit was €477 million at the time the company abandoned its A380 Jumbo program.
It received 507 new orders, more than twice as many as in 2020, including the first orders for the new E-350 cargo plane.
While the frequency of air travel remained low last year, and will return to pre-COVID-19 levels only in 2023 for domestic travel and in 2025 for long-distance flights, "it has become clear that people want to fly again and will do so as soon as travel restrictions are lifted," Fawry told a news conference.
The pace of global travel is expected to double, compared to pre-epidemic levels, by 2050.
Airlines struggled with travel restrictions last year, especially in Asia, where China imposes strict border measures.
Air France-KLM reported net losses again in 2021, though less than half of what they were in 2020, at 3.3 billion euros.
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Major aircraft manufacturers include Boeing, Airbus, and Lockheed Martin, with both commercial and defense products, including helicopters and drones.

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Content: March 10, 2022
Abu Dhabi UAE
Prayer times
Flying...
Taking off from epidemic airports
Flying...
Taking off from epidemic airports
March 6, 2022 16: 52
Hassouna Al Tayeb (Abu Dhabi)
Major industries typically take over the helm of the economy and create jobs in society.
The growth of the world economy in the past decade has been boosted by developments in various industries, in particular technology, science, health and manufacturing.
As the pace of spending and wealth increases around the world, existing industries grow and others disappear from the scene amid the rising development of human society.
It is the responsibility of large industries to provide essential products and services that improve the lives of billions of people around the world.
The aviation industry is among the industries most affected by the COVID-19 virus, with Boeing, for example, suffering losses of about $11.9 billion in 2020.
This industry includes a number of companies that are involved in the development and manufacture of aircraft for purposes including commercial, passenger, military, cargo, government, surveillance and refueling of other aircraft in the air.
It also includes sales by private companies of equipment used for space flights and missions.
The value of the global aviation sector declined to $359.3 billion in 2020, from $818.3 billion in 2019, as a result of the Coronavirus epidemic, with expectations of $471.8 billion this year.
The aviation industry encompasses almost all aspects of air travel and related activities.
This means that it includes the entire aviation sector, the aircraft industry, research companies, military aviation, and others.
The term aviation is usually used to describe mechanical air transport that is carried out through the use of aircraft.
The sector consists of two types of aircraft, regular and helicopter, as well as the new type of drones.
The aviation industry has two types of activity, the first related to passenger and cargo transport, while the second includes aircraft manufacturing, research operations, safety and military aviation, as well as companies specialized in the production, design and use of drones.
The importance of the aviation industry lies in connecting different continents, countries and cultures, as well as facilitating long-distance travel.
It also contributes significantly to the global economy, trade between countries and the creation of millions of jobs around the world.
Among the largest aircraft manufacturers are Boeing, Airbus and Lockheed Martin.
The European Airbus, which has industrial facilities in Germany, France and the Netherlands, is the largest in the world.
The Airbus A380 is also the largest aircraft in the world.
American Boeing, based in Chicago, comes in second place.
In addition to producing military aircraft, the company is also known for manufacturing spaceships.
Lockheed Martin is the world's largest manufacturer of warplanes, including the F-16, F-35 and others.
Aircraft manufacturers are planning to reduce the rate of production of large aircraft and focus on smaller ones, a trend that began just before the outbreak of the pandemic.
These companies are working to convince airlines to buy this type of aircraft because of its fuel efficiency of 15%.
Among the largest suppliers in the aviation industry are United Technologies, General Electric Aviation, Safran, Rolls-Royce Holdings, Honeywell Aerospace and others.
The activities of manufacturers vary from the design, construction, testing, sale, maintenance and production of spare parts, spaceships and others.
The value of aircraft production in 2015 was about $180.3 billion, of which 61 percent was for airlines, 14 percent for business and general aviation, 12 percent for military helicopters and about 3 percent for civilian helicopters.
The value of maintenance, repairs and refurbishment of the aircraft is estimated at $135.1 billion, bringing the total volume of production to $315.4 billion.
Boosting demand activity is the growing affluence of the middle class in emerging markets.
Air traffic is expected to rebound significantly in Latin America and Africa, although these regions are expected to suffer even more from the spread of COVID-19.
While the proportion of aircraft grounded is usually estimated at 10%, it rose to 60% during the epidemic for 13,350 aircraft.
According to data from Asnad Aviation Consultancy, 902 new aircraft were ordered from Boeing and Airbus this year, excluding cancelled orders and orders from non-profit customers, compared to 672 in 2020.
In this climate of awakening, airlines are planning to renew their fleets, driven by a rebound in summer travel, even in Europe, despite the slower pace of recovery from the epidemic than in the United States.
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Cirium forecasts that 45,000 more fuel-efficient aircraft will be delivered by 2040, valued at $2.9 trillion.

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Content: Cirium expects 45,000 more fuel-efficient aircraft to be delivered by 2040, worth $2.9 trillion
Cirium predicts that over the next 20 years, the world will spend $2.9 trillion on about 45,000 new aircraft.
• New aircraft expected to be delivered will replace the ageing fleet to meet projected annual growth of 3.7% in air passenger traffic
Single-aisle jets are expected to account for 70% of passenger aircraft deliveries by 2040
• China is expected to top the list with a 20% share in aircraft deliveries – the region ’ s air passenger growth is expected to exceed 6%
• Around 80% of existing passenger aircraft will be retired between 2021 and 2040
Over 3,500 freighter deliveries over the next 20 years – including new freighters and modified airliners
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An estimated 45,000 aircraft worth U.S. $2.9 trillion to be delivered by 2040.
Revealed in Cirium's new Fleet Forecast.
LONDON -- The newly released 2021 Cirium Fleet Forecast shows that around 45,000 new, more fuel-efficient aircraft will be purchased globally over the next 20 years, with an estimated $2.9 trillion in aircraft purchases.
According to the Cirium Fleet Forecast released by Ascend by Cirium, a consulting firm of aviation analytics firm Cirium, global cumulative aircraft deliveries for the next 20 years will be 4% higher than predicted a year ago by 2040.
The report outlines the positive outlook for the aviation industry and its recovery from the COVID-19 pandemic.
The COVID-19 pandemic has severely affected air travel, as well as aircraft deliveries.
Global aircraft deliveries fell by 43% - or 600 aircraft - in 2020.
Aircraft deliveries recovered somewhat in 2021, but are still 25% below 2019 levels.
Air travel is reopening as global vaccination programs become more widespread, leading to an increase of 300 aircraft deliveries in 2021 — a feat achieved when Boeing 787 was found to be problematic.
Rob Morris, Global Advisory Director, Ascend by Cirium, said: “The Cirium Fleet Forecast 2021 presents an optimistic long-term outlook for the aviation industry, which will return to a more traditional growth trajectory after 2024, although structurally different from before.
Air passenger traffic is expected to grow at an annual rate of 3.7%, so the global passenger fleet will need to increase by almost 22,000 aircraft.
“If the above projections are realized, the global passenger fleet will reach the size of about 47,200 aircraft by the end of 2040. ”
The projected delivery of new aircraft will not only meet the growing demand for air transport, but will also replace older aircraft that are less fuel efficient. "
China leads in aircraft deliveries
The number of aircraft deliveries will vary depending on the region where the airline is located, and the Asian market is expected to be the growth engine.
China is expected to lead the world with more than 6% growth in air passenger traffic – also topping the list in aircraft deliveries, accounting for 20% of the world ’ s total.
China ’ s delivery figures are significantly ahead of all other Asia-Pacific countries, which together account for 22% of the total.
North American carriers are expected to account for 20 percent, while European carriers will account for 17 percent.
The Middle East is estimated to account for 7% of the share, but because the region will deliver a large number of twin-aisle aircraft, it will account for 11% in terms of aircraft value.
Latin America, which is similar to the Middle East, will also account for 7%.
Russia and the Commonwealth of Independent States (CIS) accounted for 4%, and Africa accounted for 3%.
Most of the new deliveries will be single-aisle jets
The fleet forecast report shows that over the next 20 years, single-aisle jets will account for 70% of total aircraft deliveries and 55% of total delivery value.
The total value of newly delivered single-aisle jets is $1.6 trillion.
The mainstream model will still be the 150-seat aircraft, represented by the Airbus A320neo and Boeing 737 Max 8, which will account for 50% of deliveries.
Popular models with more than 180 seats include the A321 neo and the B737 Max 10, which will have an increasing share each year and will account for 40% of deliveries over the next 20 years.
Airbus and Boeing are expected to develop a new generation of single-aisle aircraft in the early to mid-2030s.
The $1.1 trillion dual-aisle aircraft market will be dominated by the B787 and A350 models, with 250-300-seat “medium ” aircraft accounting for about 65% of the total value delivered.
The large passenger aircraft market will be contested by the A350-1000 and the B777-9.
Aircraft deliveries in regional markets are expected to reach a scale of $150 billion.
About a third of them will be turboprop aircraft, based on 70-seat models.
Starting in 2030, a larger 90-seat model will enter the market.
Future new aircraft projects in the market include the MA700 from China and an expected new line of aircraft from Embraer.
Older models will be replaced by a new generation of aircraft.
It is predicted that about 80% of current passenger aircraft will be out of passenger service between 2021 and 2040.
As the airline industry begins to focus on driving down carbon emissions and focusing on sustainability, it will become increasingly important to replace these older, more fuel-efficient aircraft with new models.
Overall, in addition to several relatively new aircraft that are being phased out earlier, around 19,000 aircraft in the global passenger fleet will be phased out by the end of 2020.
According to analysis by Ascend by Cirium, the average economic life expectancy for single-aisle aircraft is 22 years and for twin-aisle aircraft is 20 years.
The number of freighters is growing: including new freighters and refitted freighters
As the global freight industry continues to perform strongly, freighter capacity (based on available tonnage kilometres) is expected to grow by 3.3% over 2019, with a projected supply of around 3,500 freighters over the next 20 years.
Of this total, it is expected that 30 per cent will be new freighters and 70 per cent will be converted from passenger aircraft.
About 1,050 new freighters are expected to be shipped, valued at $121 billion.
More online shopping during the epidemic period has promoted the development of e-commerce, and the growth of e-commerce has promoted the conversion of airliners to freighters.
Modification projects are focused on newer models such as the A321, B737-800, A330 and B777-300ER.
The Cirium Fleet Forecast is an independent outlook report on the global commercial passenger and cargo aircraft market, based on the industry ’ s premier combination of data and years of expertise.
Click here to download the executive summary of the Cirium Fleet Forecast 2021.
About Cirium
Cirium is a company that combines powerful data and analytics services to drive the world ’ s continued growth. With decades of industry experience, Cirium provides clients with expert insights to help companies, aircraft manufacturers, airports, airlines and financial institutions make informed business decisions that shape the future of the travel industry, improve business returns and improve customer experience. RELX PLC is the world ’ s leading provider of information and data analytics to professional and commercial customers across a wide range of industries.
Shares of parent company RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.
Visit cirium.com for more information or follow Cirium ’ s LinkedIn account and WeChat account, CiriumCN.
Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original version, the original version is the only version with legal effect.
Contacts
For media inquiries, please contact:
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Rachel Humphries / June Lee
media @ Cirium.com
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Cirium @ pc.agency
Contacts
For media inquiries, please contact:
Cirium Media Team
Rachel Humphries / June Lee
media @ Cirium.com
The PC Agency
Paul Charles / Michael Johnson / Callum McGoldrick
Cirium @ pc.agency

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

Single-aisle jets are expected to represent 70% of passenger aircraft deliveries by 2040.

If these projections are met, the global passenger fleet will reach approximately 47,200 aircraft by the end of 2040.

New aircraft deliveries will address both rising air transport demand and the replacement of older, less fuel-efficient planes.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

Popular models with over 180 seats, such as the A321neo and B737 Max 10, will gain a growing market share each year, comprising 40% of deliveries over the next two decades.

What does Cirium Fleet Forecast predict about the market share of new aircrafts?

In the next 20 years, Airbus A320 and Boeing 737 Max will account for 40% in 180+ seat planes, according.

Older aircraft models will be replaced by the new generation of planes.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

Electric vertical take-off and landing aircraft are a technical focus in ongoing research and development initiatives.

Title:

Content: People 's Daily Online > > Economy and Technology
Low economic growth and high flying (economic perspective)
Li Xiaohua
January 31, 2024 09: 15 | Source: People's Daily Online - People's Daily
Small number
Original title: Low economic growth high flying (economic perspective)
Parcels and takeaways "fall from the sky", take a sightseeing helicopter to enjoy the scenery, use drones to inspect the power grid... In recent years, with the help of increasingly advanced low-altitude technology, the low-altitude economy has begun to develop rapidly.
This new economic format better serves our production and life, and is also becoming an important force to promote economic growth.
Low-altitude economy refers to the general vertical height of less than 1000 meters, according to the actual needs to extend to less than 3000 meters of low-altitude airspace range, with civil manned and unmanned aerial vehicles as the carrier, manned, cargo and other operations and other scenes of low-altitude flight activities as traction, to promote the integration and development of related fields.
It has the characteristics of wide radiation area, long industrial chain, growth and strong belt.
At present, the low-altitude economy has been widely used in the fields of scenery and tourism, urban security, medical rescue, emergency rescue, agriculture, forestry and plant protection, and electric power inspection.
It integrates and develops with more economic and social activities, continuously opens up new application scenarios and business models, and significantly improves the efficiency of economic and social activities and user experience.
As a representative of new quality productivity, low-lying economy is an important choice to cultivate new momentum for development, and it is also an important strategic emerging industry direction for global competition.
Some institutions estimate that the global low-lying economy has reached a market size of 100 billion US dollars in 2022, and will maintain rapid growth momentum.
Low-altitude flight is the technical core of the low-altitude economy.
Low-altitude aircraft include vertical take-off and landing aircraft, small aircraft, and various UAVs.
Among them, the electric vertical take-off and landing aircraft is one of the technical projects currently focused on research and development.
At present, nearly 350 companies around the world have designed about 700 kinds of electric vertical takeoff and landing aircraft, and aircraft manufacturers and automobile companies are actively involved in this field.
The passenger electric vertical take-off and landing aircraft is in the stage of product certification and airworthiness approval.
At present, many countries in the world are promoting the development of low-altitude industries and trying to seize new development opportunities.
China attaches great importance to the development of the low-lying economy, and has formed a leading edge in some fields.
China is the world's largest producer of consumer UAVs, DJI has become the leader of the consumer UAVs industry; a number of enterprises are stepping up research and development of electric vertical takeoff and landing aircraft, and actively promote pilot application in scenic spots and other scenes; express companies and terminal distribution enterprises represented by Shunfeng and Meituan have opened more than 10 UAV distribution routes in Shenzhen, Shanghai and other places.
According to relevant statistics, in 2023, Shenzhen alone opened 77 new unmanned aerial vehicle routes, a total of 156 routes were opened, and more than 600,000 cargo drones were flown.
By 2025, Shenzhen plans to grid more than 600 low-altitude aircraft take-off and landing platforms, open more than 220 urban drone routes, chain enterprises exceeded 1,700, and the output value exceeded 100 billion yuan.
With the advantages of policy support and technology application, the development momentum of China's low-altitude economic industry is surging.
From a global perspective, the development of a low-altitude economy depends not only on the level of economic development and market demand, but also on the level of aircraft technology, infrastructure and policy and law.
It can be predicted that with the breakthrough of core technologies such as flight control systems and power systems, and the further integration of digital technologies such as artificial intelligence, low-altitude aircraft will be more intelligent, green, safer and economical, and thus adapt to more application scenarios.
In the future, the low-lying economy will play a more important role in facilitating business operations, public services and residents' lives, and promoting economic growth.
(The author is a researcher at the Institute of Industrial Economics, Chinese Academy of Social Sciences)
(Editor: Fang Jinglun, Chen Jian)
Public Number ： People 's Network Finance
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What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

Strong air cargo market demand is anticipated due to cyclical and structural factors, with growth in both original and converted full cargo aircraft.

Title:

Content: China surging news reported on the 15th, the United States Boeing released the 2021 version of the "Civil Aviation Market Forecast" report on the 14th, noting that basically, the global market is recovering according to the company's 2020 expectations.
The recovery in domestic air travel demand is leading the trend, with the interregional market expected to recover with the relaxation of hygiene and travel restrictions, and eventually remote international travel will return to pre-pandemic levels in 2023-2024.
In the next 20 years, the demand for new aircraft will reach 43,610, the highest in the North American market is 9,160, and the demand in China is 8,700.
The report pointed out that the economic recovery has laid the foundation for a rebound in air passenger traffic, and the future prospects for air passenger traffic will remain stable.
Looking forward to 2025, GDP will increase by more than 15% compared to 2019, and GDP per capita will increase by about 10%.
The 21-year average passenger flow growth from 2019 to 2040 is expected to be 4%, in line with last year ’ s forecast, indicating that the basic global demand for air transport has not changed.
The report predicts that due to cyclical and structural market dynamics, the future air cargo market demand is strong, and full cargo aircraft is a significant growth area, including original cargo aircraft and modified cargo aircraft are forecast to increase from the previous year.
Thanks to the growth of e-commerce and the speed and reliability of air cargo, the world cargo fleet will increase from about 2,000 in 2019 to about 3,400, and the sustainable demand for air cargo will increase the global cargo fleet by more than 70% compared to the pre-pandemic size by 2040.
Notably, the report predicts that the world will need 19,000 civilian aircraft worth $3.2 trillion in the next 10 years, and demand for more than 43,500 new aircraft worth $7.2 trillion in the 20-year period to 2040, an increase of about 500 over the previous year ’ s forecast.
Among them, as of 2040, the demand for regional jets is 2,390, single-aisle aircraft 32,660, wide-body aircraft 7670, wide-body cargo aircraft 890, and aircraft demand totals 43,610.
The North American market has the highest demand, at 9,160, and the Chinese demand is 8,700.
This demand will lead to a 3.1% annual growth in the global active fleet, with the global civil aviation fleet set to surpass 49,000 by 2040, China, Europe, North America and Asia Pacific each accounting for 20% of new aircraft deliveries, with the remaining 20% going to emerging markets.
Traffic disruptions have a significant impact on aircraft deliveries and active fleets due to the pandemic. The report anticipates that the civil aviation industry will need more than 7,500 new wide-body aircraft by 2040 to meet fleet renewal and long-term growth in demand in the remote passenger and cargo market.
These demand increased slightly from the previous year, but decreased by 8% from 2019.
At present, single-aisle aircraft account for nearly 64% of the global passenger fleet, and single-aisle aircraft account for the largest proportion of new aircraft deliveries, roughly in line with pre-pandemic forecasts, accounting for 75%, and demand for more than 32,500 aircraft over the next 20 years.
The report notes that global demand for new single-aisle aircraft is driven by the size and flexibility of single-aisle aircraft.
In the future, these new single-aisle aircraft will continue to promote the development of low-cost airlines and provide the needed alternatives for older, less efficient aircraft.
The three regional markets for the new single-aisle aircraft are Asia Pacific, Europe and North America, which account for more than 80% of global low-cost airline capacity in 2019 and throughout the forecast period.
In addition, the report predicts long-term growth in the short-haul market, especially in emerging markets, and predicts that intra-regional short-haul travel accounts for more than half of the industry ’ s total growth demand, with inbound travel alone accounting for 17% of the industry ’ s new capacity.
Historically, excursions have been spurred by improved services, such as new direct routes and lower fares through low-cost airlines.
The report predicts that the share of Asian airlines in the global market will continue to increase, with China ’ s passenger share expected to grow from 15% in 19 years to 20% in 2040, and Asia Pacific ’ s passenger share expected to grow from 18% in 19 years to 21%.
# Growth # Planes # Forecasts # Future # Markets

Boeing and Airbus estimate demand for about 40,000 new civil aircraft in the next 20 years, with annual air passenger traffic expected to grow by around 4%.

Title:

Content: Alert
Soo-mee confirmed!
Lu asked Jiade for a detailed recipe, and the cake maker said, "That's ridiculous."
Surrender yourself, kneel down, kowtow, no use...
Paper carver stabbed to death Superstore worker
Hanxiang grew up with this slogan.
Relatively stable stocks in the 2022 interest rate hike year, Hanxiang ’ s stock price has risen nearly 20% since this year, and it is expected to rise even more on Tuesday.
When the world is gradually unsealed in the second half of the year, facing challenges such as war and inflation, economic growth has become heavy, but Hanxiang can achieve good results in the early days of unsealing, relying on a slogan during the difficult times of the epidemic, which is worth thinking about other enterprises that are considering layoffs and pay cuts this year.
With the slowdown of the global epidemic and the increase in global traffic, Hanxiang ’ s Q3 2022 conference will also show good results.
This year ’ s revenue and earnings have both increased significantly compared to last year, with a 30.4% increase in revenue and a 2.75-fold (375%) increase in earnings per share, which is described as “jet engine ” by the outside world.
What did Hanxiang do during the epidemic, and it was able to release its results in the first time in the world?
According to the financial figures announced by Hanxiang, the third quarter revenue was 8.16 billion yuan, operating profit was 400 million yuan, and earnings per share (EPS) was 0.61 yuan; the cumulative first three quarters revenue was 21.28 billion yuan, operating profit was 1.03 billion yuan, and ESP was 1.46 yuan.
Compared with the same period last year's revenue of $16.32 billion, operating profit of $90 million and ESP $0.39, the use of "ejection" is not excessive.
Three great achievements to hold up a day
Hu Kaihong, chairman of Hanxiang, said that this year's growth in Hanxiang's performance is related to three major business areas, and the defense, civil and technology services businesses have performed well.
Defense business accounted for 57% of overall revenue, civilian business accounted for 38%, and energy (energy storage) technology services increased from 1% last year to 5%.
Civil business:
According to estimates by Boeing and Airbus, the world ’ s two largest civil aircraft manufacturers, the demand for new aircraft for civilian aircraft is about 40,000 in the next 20 years, and the average annual growth rate of air passenger traffic is about 4%, and it is estimated that between 2023 and 2025, global air traffic can return to pre-epidemic levels.
In addition, it is forecast that 8,500 commercial aircraft will be delivered between 2023 and 2032, with a market value of more than US $274 billion.
Demand for aviation engines, in the 10 years from 2022, the number of deliveries can reach 155,000, and the civil aviation market is very good.
Military business:
Hanxiang built the Yong Ying high education aircraft, since the successful delivery of the first aircraft on November 29 last year, this year has entered the production and delivery stage, Hu Kaihong full of confidence that the number of delivery is fully in accordance with the plan, next year into the peak of the delivery, in 2026 will be gradually delivered 66 high education aircraft to the Air Force.
The F-16 Fengzhan project is expected to be completed in the next year (2023), and the accumulated talent, technology and energy are quite remarkable. Hu Kaihong revealed that more than 1,000 people have been reorganized in the Fengzhan project. These people are divided into five levels, according to different skills, and continue to use them, not allowing these people to be dug into the semiconductor field.
Since the establishment of the F-16 Maintenance Center on August 28, 2020, 11 manufacturers have been awarded airworthiness certification by the Air Force, and more than 100 components can be repaired on the ground at the "F-16 Maintenance Center Results Presentation" on November 1.
Hanxiang is also planning a number of projects to expand the engine business tentacles, the engine overall maintenance business, and increase the production of engine parts.
Science and Technology Service Business:
Seeing the theme of energy application, last year in Taichung Shuinan plant opened a 5MW energy storage system, joined the Taiwan Power Trading Platform auxiliary services, the results are quite good, fixed monthly income of several million yuan, has begun to build a second and third energy storage system in the Shalu plant, expand the scale of energy storage.
Hanxiang also cooperated with GE to build gas turbine units, including Taipower Tongxiao Power Plant, CNOOC Yongan Plant and CNOOC Wuqi Plant, and plans to help more domestic enterprises replace coal-fired units with gas units.
In the past, "retain talent", today 's business results "spray"
Even with such good results under the impact of the epidemic, Hanxiang did a key thing, "retaining talent."
Hanxiang General Manager Ma Wan-chun said that in the past two years or so, during the difficult time of the epidemic, Hu Kai-hung decided to implement the strategy of "no layoffs, no salary cuts, no unpaid leave", which sounded like a slogan at that time, when various methods were used to make the operation last year and the previous year without a deficit.
Hu Kaihong said that in the face of the epidemic, there are no orders, how should more than 8,000 "idle" employees deal with the problem that becomes a headache?
Since the decision "no layoffs, no pay cuts, no unpaid leave", how to do it to survive is the key.
He proposed the strategy of "open source, reduce expenditure, and squat", which was ridiculed by employees as "Hu's military method".
Including the development of national military business, such as F-16, logistics maintenance center, Yong Ying mass production, private business has to promote green energy, electric bus, energy storage and so on.
The number of employees has been gradually reduced to 7,500, and the number of employees has been reduced to 7,500.
Deep squatting is to diversify the operation, expand the business reach, increase customers, and deepen the relationship of existing partners.
Today Hanxiang has such a fast recovery rate, relying on the presence of these people, Ma Wan Jun bluntly, we left people, so now there is such a result.
There are many companies abroad because of the epidemic layoffs, people have gone, now talk about recovery, just to get people back there are problems.
Ma Wanjun analyzed that the biggest impact of the epidemic on the aviation industry in the past two years is the damage to the entire supply chain.
If the aviation industry is regarded as a pyramid, the top level of the main system you can root into Boeing, Airbus, the next level down to different systems, parts suppliers, some larger, some smaller.
When the impact of the epidemic hit the pyramid, the top will not move, you will not hear that Boeing has closed down, but serious problems appear at the lower level, the lower level due to a great impact, many factories have turned or inverted, which directly affects the supply situation of the entire supply chain.
The problem of supply chain is common to all aviation industry, and the speed or slow recovery in the future depends on how quickly and completely the supply chain is reorganized.
"The recovery after the epidemic is inevitable, but the recovery will not be the same as the original one," Ma stressed.
The most powerful drone, Han Xiang will not be absent
As for the current drone, Hu Kaihong said, "This piece of the drone we will not be absent," military drones have the Chinese Academy of Sciences, will not repeatedly waste research and development resources, civilian this piece because we are still in the running-in stage, still need some time, the future direction will be more clear.
Ma Wan-chun added that Hanxiang's condition is to have manufacturing, assembly, production line, testing, and system integration services and capabilities, but the drone is not the focus of Hanxiang's business at present, and under the policy of home, as long as the country needs it, Hanxiang's role will naturally be played.
Because of strained cross-strait relations, Taiwan's defense budget for the year 112 is over NT $390 billion, and if you add a special budget, it may exceed NT $500 billion.
(This article is from the Vision 2022.12.8 website and is prohibited from reproducing without consent.)
Epidemic F-16 Performance Eagle
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Global air traffic is projected to return to pre-pandemic levels between 2023 and 2025.

The pandemic's greatest impact on the aviation sector has been disruption to the supply chain.