Willie Walsh is the chairman of the International Air Transport Association, a key organization in the aviation industry.

Asia, led by China, is expected to drive global growth in aircraft demand, with China accounting for 20% of the world's total aircraft deliveries and experiencing more than 6% growth in air passenger traffic.

Asia, particularly China and the Asia-Pacific region, is expected to lead global growth in aircraft demand, with increasing passenger shares predicted for these regions.

The Asia region, led by China, is expected to drive global growth in aircraft demand, with China accounting for 20% of aircraft deliveries and experiencing air passenger growth of over 6%.

The Asia region, including China, is expected to lead global growth in aircraft demand, driven by increasing air travel and the need for more fuel-efficient aircraft.

The Asia Pacific region, driven by countries like China, is expected to lead global growth in aircraft demand due to its rapid recovery in domestic markets and significant increase in international passenger traffic.

Boeing forecasts the delivery of approximately 41,170 new aircraft over the next 20 years, indicating a slower growth rate due to global economic uncertainty and geopolitical disruptions.

The demand for new aircraft over the next 20 years is expected to be 41,170, driven by the need for replacement aircraft and single-aisle planes.

"The demand for new aircraft is expected to be around 40,000 in the next 20 years, driven by a 4% average annual growth rate in air passenger traffic."

The Asia and Pacific region is expected to lead the growth in global aviation demand, driven by companies from China and India.

Asia Pacific is expected to lead the growth in global aviation demand, with an annual growth rate of 4.5% over the next 20 years.

The region leading the growth in global aviation demand is likely to be Asia and the Pacific, as well as the Middle East, driven by the growth of low-cost airlines and emerging markets.

The Asia and Pacific region, including the Middle East, is leading the growth in global aviation demand, with China and Asia Pacific expected to increase their passenger shares significantly by 2040.

The Asia-Pacific region, particularly China, is expected to lead the growth in global aviation demand, with air passenger growth exceeding 6% and a 20% share in aircraft deliveries.

"Aviation energy generation requirements are expected to increase by 5700% by 2070, reaching 44,000 TWh of energy per year, which is almost double the world's current electricity demand."

The aviation industry's energy generation requirements are expected to increase significantly by 2070, with a predicted 44,000 TWh of energy needed annually, representing a 5700% increase.

The predicted loss for the aviation sector in 2022 is 9.7 billion dollars.

The predicted losses for the aviation sector are expected to decrease significantly, with an anticipated loss of $9.7 billion in the mentioned year, according to the provided information.

The predicted losses for the aviation sector in 2022 are estimated to be $9.7 billion, according to the World Air Transport Association, with a significant decline due to the lifting of travel restrictions.

The projected average annual growth rate of air passenger traffic is 4% from 2019 to 2040.

The projected average annual growth rate of air passenger traffic is 4%, according to estimates by Boeing and Airbus.

The forecast indicates that single-aisle jets will make up 70% of commercial aircraft deliveries.

The report forecasts that single-aisle jets will account for approximately 75% of commercial aircraft deliveries.

Single-aisle jets are expected to dominate commercial aircraft deliveries, making up 70% of total deliveries over the next 20 years.

According to Boeing's market outlook, single-aisle jets are expected to make up approximately 75% of commercial aircraft deliveries over the next 20 years.

Single-aisle jets are expected to account for the majority of commercial aircraft deliveries, with an estimated percentage of around 70-75%.

The aviation sector is expected to return to profitability in 2023, driven by the demand for fuel-efficient aircraft and the industry's shift towards sustainability.

The aviation sector is expected to return to profitability in 2023, despite some experts' skepticism due to rising costs and ticket prices.

The global aviation industry is expected to return to profitability in 2023, with a predicted net profit of US $23.3 billion, driven by the gradual recovery of air capacity and increased passenger traffic.

The aviation sector is expected to return to profitability in 2023, driven by its resilience and adaptability.

The aviation sector is expected to return to profitability by late 2023 or early 2024, according to Boeing's projections.

The North American region has the highest demand for new aircraft, with a forecasted demand of 9,160 in the next 20 years, according to Boeing's report.

The North American region has the highest demand for new aircraft, with a demand of 9,160, closely followed by China with a demand of 8,700.

North America has a high demand for new aircraft, particularly single-aisle aircraft, due to its well-established aviation industry.

"North America has the highest demand for new aircraft, accounting for 23% of the total demand, followed closely by Asia Pacific and Eurasia."

North America and Europe are driving the recovery in air travel demand, with Europe being the highest revenue-generating region in 2019 and North America having a well-established aviation infrastructure and robust demand for air travel.

North America and Europe are driving the recovery in air travel demand, with North American airlines expected to have a net profit of $11.5 billion and European airlines expected to have a net profit of $5.1 billion.

The recovery in air travel demand is being driven by regions such as North America and Europe, although the source document also highlights the strong performance of the Asia Pacific region.

North America and South America are significant markets for single-aisle aircraft, contributing to the demand for air travel.

The Asia Pacific region saw the highest increase in air travel demand, with a 126.1% year-on-year growth in international passenger traffic.

The region with the highest increase in air travel demand is Asia and Pacific, driven by China's expected 20% share in aircraft deliveries and air passenger growth exceeding 6%.

The Asia and Pacific region is expected to see the highest increase in air travel demand, driven by China's growth in air passenger traffic.

The Asia and Pacific region is expected to see the highest increase in air travel demand, driven by growth in Asian companies, particularly Chinese and Indian ones.

The Asia-Pacific region is expected to see the highest increase in air travel demand, driven by rising air traffic and economic development in countries such as China, India, and Japan.

Airbus anticipates selling 39,000 aircraft globally by 2040, driven by the need to replace less fuel-efficient models, aligning with the industry's shift towards more sustainable options.

The Asia and Pacific region is expected to have the strongest growth in air travel demand, driven by China's leading growth in air passenger traffic.

The Asia Pacific region had the strongest growth in air travel demand, driven by a 126.1% year-on-year increase in international passenger traffic.

The Asia and Pacific region is expected to have the strongest growth in air travel demand, driven by rising air traffic, economic development, and increasing demand for air travel in countries such as China, India, and Japan.

Asia and the Pacific are expected to lead the growth in air travel demand, with China's passenger share and Asia Pacific's passenger share predicted to increase significantly by 2040.

The Asia and Pacific region, led by China, is expected to drive the growth in air travel demand, with China anticipated to have more than 6% growth in air passenger traffic.

Asia and the Pacific region is expected to lead the growth in air travel demand, with an annual growth rate of 4.5% over the next 20 years.

The Asia and Pacific region is expected to lead the growth in air travel demand, driven by China's significant share in aircraft deliveries and projected air passenger growth exceeding 6%.

The Asia Pacific region is expected to lead the growth in air travel demand due to its rapid recovery in domestic markets and significant increase in international passenger traffic.

The predicted passenger growth is expected to occur between 2023 and 2040, with a demand for over 43,500 new aircraft.

The predicted passenger growth is expected to occur from 2023 to 2040, driving demand for new aircraft.

The predicted passenger growth is expected to occur from 2023 to 2040, based on a 20-year forecast.

The predicted passenger growth is expected to occur between 2023 and 2040, with an annual growth rate of 4.2% and a projected 7.8 billion passengers in 2040.

The predicted passenger growth is expected to occur between 2023 and 2040.

Willie Walsh is the chairman of the International Air Transport Association, a key organization in the aviation industry.

Title:

Content: Industry Forecast: Aviation industry will recover in 2023 Asia, Africa and Latin America airlines continue to lose money | Economy | DW | 05.06.2023
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Economic stratification
Industry forecast: Aviation industry will recover in 2023, Asia, Africa and Latin America airlines continue to lose money
The International Air Transport Association (IATA) predicts that airlines will return to profitability this year, with total flight attendances approaching 4.35 billion – almost catching up to 2019 ’ s record levels.
However, the global post-pandemic recovery remains fragile and there are downside risks.
The International Air Transport Association predicts that airlines in Asia, Latin America and Africa will continue to lose money in 2023.
According to the International Air Transport Association (IATA) forecast on June 5, in view of the end of China's epidemic control measures, the airline industry's net profit in 2023 will reach $9.8 billion, double the previous estimate.
The association also said that the airline industry ’ s losses in 2022 were only half of the previously estimated $3.6 billion.
“The airline ’ s financial performance in 2023 exceeded expectations, ” IATA Director General Willie Walsh said in a statement at the IATA ’ s annual general meeting in Istanbul.
He said several positive developments had contributed to increased profitability and that "China ended its COVID-19 restrictions earlier than expected this year."
Walsh said that although flight fuel prices remain high, they have eased in the first half of this year.
"On the cost side, there is some relief," he said.
Russia ’ s full-scale invasion of Ukraine in February 2022 led to a spike in energy costs and a surge in inflation worldwide.
However, oil and gas prices have since declined.
In addition, Walsh said economic uncertainty has not dampened people ’ s desire to travel, even in the context of rising fuel costs leading to higher ticket prices.
Three difficult years in the aviation industry
In 2019, before the start of the global COVID-19 pandemic, airlines flew a record 4.54 billion passengers.
In 2020, countries closed their borders and imposed quarantine measures, and the aviation industry lost $137 billion in that year.
In 2021, the industry lost another $42 billion.
Things have improved in 2022, but the airline industry is still at a loss (about $1.8 billion), and during the year, China, a major aviation market, continued to implement COVID-19 restrictions until it was liberalized in December.
"The 1.2% net profit margin is also something to celebrate."
The International Air Transport Association (IATA) said on Monday that total aviation revenue is expected to grow to $803 billion this year, up nearly 10 percent from 2022.
While the industry as a whole will be profitable, Walsh noted that the net profit from each passenger is just $2.25 – which equates to a net profit margin of about 1.2%.
The International Air Transport Association (IATA), which represents about 300 airlines and accounts for 83 percent of global passenger traffic, said that the net profit of North American airlines will rise to 11.5 billion U.S. dollars this year, compared with 5.1 billion U.S. dollars for European airlines and 2 billion U.S. dollars for Middle Eastern airlines.
Meanwhile, airlines in Asia, Latin America and Africa will continue to lose money.
According to the International Air Transport Association (IATA), airlines will face a total fuel bill of $215 billion, or $98.5 per barrel, this year.
This is down from the average cost of $135.6 per barrel in 2022.
Fuel will account for 28% of total airline costs this year, compared to 24% in 2019.
“Even a 1.2% net profit margin is something to celebrate after the deep losses from the COVID-19 pandemic, ” Walsh said.“ But given that airlines earn an average of $2.25 per passenger, repairing damaged balance sheets and providing investors with sustainable returns on capital, it will continue to be a challenge for many airlines, ” he added.
Several factors may affect profitability in the airline industry
The IATA said airline profitability was "fragile" and could be affected by several factors, including central bank rate hikes against inflation.
In addition, the risk of a recession remains, and if the recession leads to unemployment, the outlook for the industry may change negatively.
The association also said that while the war in Ukraine did not have a "significant impact" on the profitability of most airlines, an escalation of the conflict could harm global aviation. "Broader geopolitical tensions have already had an impact on international trade, and any escalation of such tensions represents a downside risk to the industry outlook."
Supply chain problems that have plagued global trade since the coronavirus outbreak also remain.
The IATA said: "Airlines have been directly affected by the disruption of the aircraft parts supply chain, and aircraft and engine manufacturers have yet to address the issue.
This is having a negative impact on the delivery of new aircraft and the airline's ability to maintain and deploy its existing fleet. "
(AFP)
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Any misconduct will lead to recovery and criminal prosecution.
DW.COM

Asia, led by China, is expected to drive global growth in aircraft demand, with China accounting for 20% of the world's total aircraft deliveries and experiencing more than 6% growth in air passenger traffic.

Title:

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:
Cirium Media Team
Rachel Humphries / June Lee
media @ Cirium.com
The PC Agency
Paul Charles / Michael Johnson / Callum McGoldrick
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

Asia, particularly China and the Asia-Pacific region, is expected to lead global growth in aircraft demand, with increasing passenger shares predicted for these regions.

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

The Asia region, led by China, is expected to drive global growth in aircraft demand, with China accounting for 20% of aircraft deliveries and experiencing air passenger growth of over 6%.

The Asia region, including China, is expected to lead global growth in aircraft demand, driven by increasing air travel and the need for more fuel-efficient aircraft.

The Asia Pacific region, driven by countries like China, is expected to lead global growth in aircraft demand due to its rapid recovery in domestic markets and significant increase in international passenger traffic.

Title:

Content: 【 Printing 】
Global aviation industry maintains strong recovery
Related LINKS http: / / www.CRNT.com 2024-02-21 17: 28: 20
BEIJING, Feb. 21 / According to the People ’ s Daily, the International Air Transport Association (IATA) recently released a report saying that the total volume of passenger traffic in the global aviation industry in December 2023 increased by 25.3% year-on-year, reaching 97.5% of the December 2019 level.
Among them, international passenger traffic increased by 41.6% year-on-year, close to 90% of the pre-COVID-19 level; domestic passenger traffic increased by 30.4% year-on-year, which has exceeded the pre-epidemic level.
According to the report of the International Air Transport Association, with the gradual recovery of air capacity, global airline operating income is expected to reach US $896 billion in 2023, an increase of 21.7% year-on-year, 107% of the pre-epidemic income level, and net profit of US $23.3 billion.
At the market level, the markets in Asia Pacific, North America and Europe performed well.
As a result of the rapid recovery in domestic markets such as China, the international passenger traffic of airlines in the Asia Pacific region increased by 126.1% year-on-year, becoming an important driving force for the growth of the global air passenger business.
In terms of cargo tonnage kilometers, global air cargo demand in 2023 was 3.6% lower than in 2019. Since the second half of 2023, global air cargo demand has been picking up steadily, with the fourth quarter showing a particularly strong performance.
In addition, according to the "Global Air Transport Industry Outlook Report" released by the International Air Transport Association, with the further opening of the global aviation market and the introduction of favorable policies in various countries, the number of passengers in 2024 is expected to exceed 4.7 billion, a new high since 2019, and the industry revenue will reach $964 billion, an increase of 7.6%.
The annual passenger growth rate is expected to be 4.2% between 2023 and 2040, and the number of passengers is expected to reach 7.8 billion in 2040.
According to Willie Walsh, president of the International Air Transport Association, it is heartening that the global aviation industry has maintained a strong recovery in the post-pandemic era. With people's willingness to go out for business, study and travel in the future, the development momentum of the global aviation industry is expected to further strengthen.
At the same time, governments need to continue to adopt new strategic measures to promote the comprehensive recovery of the aviation industry from the aspects of infrastructure construction, energy conservation and emission reduction.
Rei Zheng, president of the International Aviation Research Institute and director of the aviation department of Swinburne University of Technology in Australia, said in an interview that the rapid recovery of the global aviation industry in 2023 reflects the resilience and adaptability of the industry, but the overall vitality of the forward industry still needs to be improved.
According to their own characteristics, airlines of various countries should find the market positioning, expand the development space, especially small and medium-sized airlines need to further cultivate competitive market segments.
【 Printing 】
Related News:

Boeing forecasts the delivery of approximately 41,170 new aircraft over the next 20 years, indicating a slower growth rate due to global economic uncertainty and geopolitical disruptions.

Title:

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. ”

The demand for new aircraft over the next 20 years is expected to be 41,170, driven by the need for replacement aircraft and single-aisle planes.

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.

"The demand for new aircraft is expected to be around 40,000 in the next 20 years, driven by a 4% average annual growth rate in air passenger traffic."

Title:

Content: Alert
Soo-mee confirmed!
Lu asked Jiade for a detailed recipe, and the cake maker said, "That's ridiculous."
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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.)
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The Asia and Pacific region is expected to lead the growth in global aviation demand, driven by companies from China and India.

Title:

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.

Asia Pacific is expected to lead the growth in global aviation demand, with an annual growth rate of 4.5% over the next 20 years.

Title:

Content: Monday 19-02-2024
IATA: Aviation supply chain problems will last for years
International Air Transport Association (IATA) President Willy Walsh said supply chain problems that pose a challenge to the global aviation industry are likely to persist for a few more years.
Add Announcement
Speaking at the Changi Aviation Summit at the Singapore Airshow, Walsh said the global aviation sector is expected to grow by 3.3% annually over the next 20 years, with Asia Pacific likely to lead by 4.5% annually.
The aviation industry needs to see greater production of sustainable aviation fuel, and governments need to provide incentives to do so.

The region leading the growth in global aviation demand is likely to be Asia and the Pacific, as well as the Middle East, driven by the growth of low-cost airlines and emerging markets.

The Asia and Pacific region, including the Middle East, is leading the growth in global aviation demand, with China and Asia Pacific expected to increase their passenger shares significantly by 2040.

The Asia-Pacific region, particularly China, is expected to lead the growth in global aviation demand, with air passenger growth exceeding 6% and a 20% share in aircraft deliveries.

"Aviation energy generation requirements are expected to increase by 5700% by 2070, reaching 44,000 TWh of energy per year, which is almost double the world's current electricity demand."

Title:

Content: Powering the sustainable aviation revolution

Atkins aerospace experts predict 44,000TWh of energy will be needed annually by 2070 to produce new, sustainable aviation fuell

A recent report released by sustainable aviation experts at Atkins, a member of the SNC-Lavalin Group, has cautioned that meeting the net zero targets set for 2050 in the aviation industry will necessitate significant changes in sustainable energy and fuel production infrastructure, particularly if commercial air transport continues to expand as expected.

The white paper, titled "Alternative Fuels for Sustainable Aviation," highlights that reducing carbon emissions in the aviation sector is not solely dependent on aircraft emissions. The report recommends the use of a mixture of alternative fuel options such as SAF, eFuel, Hydrogen, and batteries to achieve the most effective solution.

However, it also warns that the industry must be ready for the significant implications of utilising these alternative fuels and batteries to achieve the most effective solution. However, it also warns that the industry must be ready for the significant implications of using these alternative fuels and emphasises the significant impact on future energy demand that will be required to produce them.

Will we be generating enough aircraft fuel?

Based on estimated energy efficiencies and the predicted fuel mix, Atkins predicts that generating the necessary global aircraft fuel demand will require 44,000 TWh of energy per year by 2070. This represents a 5700% increase from current aviation energy generation requirements and is almost double the world’s current electricity demand.

It's not just energy generation that is now a concern, other considerations, such as fuel transportation and storage requirements, will also have to be taken into account.

Andrew Caughey, Sustainable Aviation Lead – Aerospace, Atkins says: “Aviation emissions are hard to abate, but not impossible. The sector is making huge strides in its efforts to accelerate the development of new fuels and aircraft that will help deliver zero emission flight. These advances have a wider impact beyond the aerospace industry. Whilst the future mix of low carbon alternative fuel is yet to be determined, the production, storage and transportation of fuels has implications for energy and airport infrastructure and their emissions need to be considered across the whole lifecycle, from ‘source to force’.

“Regions, governments, airports and the wider industry must adopt a holistic approach to scenario modelling when creating masterplans for the infrastructure and ecosystems that will drive the future of sustainable aviation. By understanding the full fuel mix and energy demands for sustainable aviation, governments can use the insight to inform their policy makers and actions – whether that be introducing emissions KPIs, green fuel subsidies, demand management or investing in innovation and development. Integrated system-level planning is vitally important in achieving the transition and must take into account future energy predictions.”

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The aviation industry's energy generation requirements are expected to increase significantly by 2070, with a predicted 44,000 TWh of energy needed annually, representing a 5700% increase.

The predicted loss for the aviation sector in 2022 is 9.7 billion dollars.

Title:

Content: Europe ’ s airports are in chaos: what is the current state of the aviation industry?
| Economic Horizontal | DW | 22.06.2022
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Economic stratification
Europe ’ s airports are in chaos: what is the state of the aviation industry?
The summer vacation period has begun.
However, the journey of how many people to the land of their dreams begins at the chaotic airport, from hours of queues, flight delays to temporary cancellations, frustration and trouble.
As this year ’ s International Air Show (ILA) in Berlin approaches, let ’ s take a look at the current state of the aviation industry.
Traveling in May and the first few weeks of June is enough to give an accurate sense of what the summer might be like at European airports.
In the coming weeks, passengers will need to carry one of the most necessary “baggage ”: patience.
At German airports, queues at check-in counters are getting longer and longer.
The main reason for this is that there is an acute shortage of staff in the airport services: both security personnel and baggage handlers on the tarmac.
Just recently, easyjet, a low-cost airline, announced that it would cancel thousands of flights in the coming weeks due to a lack of staff.
During the height of the pandemic, many service providers laid off staff.
The client then tends to try to find a better-paid job.
Ralph Beisel, chief executive of the German Airports Association (ADV), explained that if people want to return to work, they first have to go through a lengthy security review.
At present, the airport is short of about one-fifth of its staff.
He therefore called for the review process to be expedited so that people could be hired more quickly: “The security review cannot take eight weeks, because then the summer vacation can be over ”.
We're short of manpower.
It's not just the lack of staff on the ground.
There are also "bottlenecks" in the air.
Lufthansa, for example, will have to cancel hundreds of flights in July because of a shortage of staff.
The union feels its position has been confirmed.
"It has long been clear that radical layoffs in many sectors of the airline industry will have a negative impact on recovery," said Stefan Herth, president of Cockpit.
Finding enough pilots quickly, however, is no easy task -- globally. Heinrich Großbongardt, an aviation expert in Hamburg, points out that in the United States, regional traffic pilots are now employed on even better terms than previously thought to be the best.
As a result, labour rights are on the increase.
Lufthansa may even face a pilot strike because management intends to reduce the number of its parent company ’ s airliners and move them to a cheaper subsidiary, Eurowings, to help achieve the cost-cutting that must be done.
Lufthansa, which was battered during the pandemic, is now trying to reposition itself and hopes to offer services to passengers quickly again.
But it's difficult.
Last month, Lufthansa chairman Carsten Spohr admitted: "I have had to apologise repeatedly to our customers for weeks; I am afraid I will have to do so after the summer."
Long range, expensive fuel.
Then, there are other problems: fuel prices have skyrocketed due to the war in Ukraine; aircraft flying to the Far East have had to make a detour due to the closure of Russian airspace, which has led to a sharp increase in flight costs.
Aviation expert Gros Bangat warned that high costs could leave some airlines in trouble and lead to bankruptcies — for example, small state-owned airlines that are largely state-funded but can ’ t be truly profitable.
They are also unlikely to be sheltered by connected aviation tycoons such as Lufthansa, British Airways or Air France / KLM.
On the contrary, Lufthansa is intent on swallowing smaller airlines such as ITA Airways, the successor to Alitalia.
Grosspungart suspects that Swedish airline SAS may soon be one of the targets of the acquisition.
Berlin Mayor Franziska Giffey and Brandenburg Governor Dietmar Woidke at the Berlin International Aerospace Biennale 2022
Against this backdrop, the International Air and Space Biennale (ILA) opened on Wednesday at Berlin-Schönefeld Airport.
Due to the pandemic, the 2020 session was not held.
Due to the war in Ukraine, military aviation may be more of a concern than before.
Environmental protection will also be a major issue.
There are still huge losses this year.
This has actually given momentum to aircraft manufacturers, first Airbus and Boeing.
After all, using more fuel-efficient aircraft helps airlines meet their emissions targets.
Airbus, for example, expects that 39,000 aircraft will be needed globally by 2040 to replace older, less fuel-efficient aircraft.
Boeing estimates that annual air traffic in Europe alone will grow by 3.1% by 2040.
However, aviation expert Carlos Bongat said the forecast was too optimistic.
He believes that given the large number of problems that still exist, especially due to rising costs and rising ticket prices, it is difficult to achieve the relevant forecasts.
After two consecutive years of losses from the pandemic, the airline industry has some reason for optimism.
Willie Walsh, director-general of the International Air Transport Association (IATA), said at the Doha conference on Monday that it is fully on track to turn a profit in 2023.
However, for this year, the airline industry still expects a loss of 9.7 billion dollars.
Not a small number, of course, but much less than the two pandemic plague years of 2020 and 2021: the total losses for those two years were $138 billion and $42 billion, respectively.
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DW.COM

The predicted losses for the aviation sector are expected to decrease significantly, with an anticipated loss of $9.7 billion in the mentioned year, according to the provided information.

Title:

Content: Doha World Air Transport Summit charts path to further recovery
Losses are expected to fall to just $9.7 billion this year.
Recommendations for greater collaboration between parties to achieve sustainability goals
Mustafa Talaat
9: 26 AM, Sunday, 25 Sep 22
“Sustainability, environmental conservation and the road to greater recovery. ”
Words summarizing the most important points discussed by the fourth edition of the International Air Transport Association (IATA) Global Finance Symposium, which was hosted in the Qatari capital Doha this year, with the participation of senior officials and aviation industry experts worldwide.
Al Mal attended the event, which is the largest in the industry since the outbreak of the Coronavirus epidemic at the end of 2019, in which more than 50 officials, experts and leaders representing all aspects participated and discussed the most prominent challenges and financial strategy to advance the future of the industry during the coming period.
The participants described the recent crises in the air transport sector as one of the biggest problems in its history, especially given the complexity of the situation with the outbreak of the Russo-Ukrainian war.
The World Air Transport Association estimated that the sector's losses by the end of this year alone amounted to $9.7 billion, a significant decline as a result of the lifting of travel restrictions, after witnessing a series of losses with the repercussions of the Coronavirus amounted to about $190 billion.
Participants said the sector is likely to return to profitability by 2023, but certainly at lower levels than before the pandemic, pointing out that the high level of corporate debt due to borrowing will remain the biggest challenge for financial managers, especially as companies commit to achieving their zero carbon targets by 2050, which will require greater investment in this aspect and pressure the financial resources of entities.
Participants stressed that the path to sustainability and achieving the industry ’ s goal of zero carbon emissions – Fly Net Zero – will require the cooperation of all stakeholders – airlines, financial managers, employees and government officials.
The seminar was held in the presence and patronage of the Minister of Transport, Jassim bin Saif Al-Sulaiti, and a number of officials. Wali Walsh, Director General of the International Air Transport Association (IATA), and Akbar Al-Baker, Chief Executive Officer of Qatar Airways, also participated in the opening session.
This was followed by dozens of dialogue sessions over the course of two days, in which the most prominent participants were: « Mohammed Bakri, Senior Vice President of Financial Settlement Services at the International Air Transport Association, and Mary Owens Thompson, Chief Economist at the Union ».
In addition to the participation of: Duncan Naismith, Chief Financial Officer of Qatar Airways, Teresa Parejo, Head of Sustainability at Iberia, Eric Soelheim, Chairman of the Financial Advisory Board for Industry, Chief Financial Officer of KLM, Caroline Dreschell, Head of Joint Responsibility at Lufthansa Group, and others.
Wally Walsh, director-general of the International Air Transport Association (IATA), said sustainability in the aviation sector was crucial, but it ran counter to the policy of taxing airlines for failing to commit to cutting carbon emissions.
Mr Walsh said: “Taxes are not particularly used to reduce carbon and therefore add nothing to the environment. ”
He believes that the benefits of preserving the environment are less than the risks of disruption of communication between the world through aviation, predicting that airlines will not see a hydrogen-powered aircraft before 2040 or 2050.
Numerous studies have shown that border closures have done nothing to protect citizens; for example, China ’ s zero-covid policy has lost its position as a global aviation hub.
He pointed out that the current high oil prices will certainly reflect on the prices of airline tickets, expecting companies to return to profitability rates in 2023.
Akbar Al Baker, Chief Executive Officer of Qatar Airways and Chairman of Qatar Tourism Authority, said: “The circumstances of the sector have made us meet more than once in a short time, not long ago we held a General Assembly meeting here in Doha to discuss resilience after the epidemic. ”
“Today, we are focusing on the future of the industry, companies and the entire planet as part of our mission to eliminate carbon emissions by 2050, and airlines around the world are taking serious steps to reduce these emissions. ”
The biggest challenge for the world ’ s aviation industry is political unrest, followed by inflation, fuel prices, employment and infrastructure in later stages.
He explained that the industry went through the Coronavirus pandemic as a major challenge before going through successive obstacles due to high oil prices and manpower shortages, as well as a decline in investment due to restrictions imposed on airlines due to a commitment to support the climate issue.
He pointed out that governments place restrictions on aviation, claiming that it is the main cause of carbon dioxide emissions, although it contributes only 3% of total carbon emissions.
He said that the market lacks human talent in managing the energy sustainability portfolio in the aviation sector, stressing that there is a large role for politicians to help the aviation sector with regard to the climate.
He explained that the oil companies have a great commitment in terms of the production of sustainable aviation fuel (known as SAF), pointing out that Qatar Airways will buy from it if provided at an appropriate price.
SAF fuel is three times more expensive than kerosene and is purchased as a sign of the airline ’ s commitment to mitigating environmental impacts.
Al-Baker stressed that hydrogen and hybrid electric propulsion still have many years to go, making increasing the production of sustainable aviation fuel even more important for the industry.
He said that investment decisions, especially in the field of sustainability, will have a significant impact on the financial affairs of companies in the short and long term and affect their future solvency.
He stressed the need to make huge investments in aircraft and new technologies, which have been hampered by financing in the field of sustainability and environmental solutions due to global regulations.
He said that the years following the coronavirus epidemic are the most successful in aviation history, pointing out that time is still dangerous and we do not know how things will develop as there is a possibility that tourism and travel will be affected by demand processes.
He pointed out that the performance of Qatar Airways was better than most companies, after it succeeded in intensifying its activity quickly and opened new destinations after the Coronavirus pandemic.
He explained that Hamad International Airport in Doha will open next October an expansion that will increase its capacity to 58 million passengers annually in conjunction with the World Cup, pointing out that there is a next phase to develop it to increase its capacity to 70 million passengers by the end of 2025.
Qatar Airways achieved record profits of $1.54 billion in the fiscal year 2021-2022 with total revenues of $14.4 billion, up 78% from the previous fiscal year, and up 2% from the fiscal year 2019-2020 before the Coronavirus pandemic.
Mohamed Al Bakri, Senior Vice President of the International Air Transport Association for Financial Settlement and Distribution Services, said that the real test for the sector is the lessons learned from the crises it has experienced over the past two years through the application of the collective action mechanism.
The industry has been closed for two years, but we have succeeded with hard work, commitment and determination to survive, he said, noting that the aviation sector was the only worldwide corridor for medicines, vaccines, and medical supplies in all countries.
He pointed out that learning from the mistakes of the two years is moving forward positively, and now we look forward to more support from policymakers and try to continue on the road to recovery, especially as the demand for travel continues.
He stressed that the new reality must focus on our customers and their needs, the customer is still the first choice for us, stressing the need to be financially flexible and companies stronger financially.
“We have to be financially able to continue to deliver the benefits and values we have shown because the world needs us, and aviation is no longer a luxury or an option but a necessity for human life. ”
The airline ’ s CFOs are working to rebuild balance sheets after the losses of the past two years by creating capital structures that support the ambitions of the plan to reach zero carbon emissions by 2050 and attract the necessary funding.
He stressed the need for continuous reporting on the environment, in addition to working on the digital transformation and transformation of the retail model of airlines and the impact of all this on the systems and capabilities of the financial departments of the sector.
Mary Owens Thompson, chief economist at the International Air Transport Association (IATA), said the recovery in the travel sector was supporting expectations of a return to 2019 levels by 2024.
Future bookings remain strong, with international bookings accelerating despite continued coronavirus travel restrictions in Asia, particularly in China.
Global gross domestic product (GDP) growth is expected to reach about 3 percent this year, half the growth achieved in 2021, and emerging economies will bear the brunt of the challenges this creates.
“Job growth should help mitigate the impact of rising inflation and interest rates. ”
It sees forecasts of a compound annual growth rate in the sector of 3.4% between 2019 and 2040.
Aviation is a necessary component of economic development and was recognized more than 75 years ago in an agreement signed in Chicago, she said.
Qatar Airways Chief Financial Officer Henk Jan Hogendoorn said geopolitical turmoil was the aviation industry ’ s overriding concern and that it had translated into an economic crisis after rising oil prices and rising inflation as consumers had less purchasing power.
Demand for travel is likely to continue to suffer, but there are still some residual effects of the epidemic as well, most notably the ongoing travel restrictions in certain parts of the world, especially with concern that these restrictions will increase with the advent of winter in the northern hemisphere.
Zoom and other forms of online meetings and conferences had little impact on the crisis, but what is becoming more apparent is the growing environmental awareness that is likely to continue as airlines and the industry as a whole will need to do more to educate the public about the environment.
He stressed that the rise in the value of the dollar will also have an impact on many airlines as they incur more costs, especially in fuel, and therefore the exchange rate has a negative impact on net income.
He predicted that costs will continue to rise, especially in the labor sector, which is poised for a sharp increase, not only because of the shortage of manpower but also because of regulations in force around the world.
He said there had been an increase in interest on investment funds in aviation, with good prospects for rising air freight revenues and a recovery in travel traffic.
Daniel Culver, market participation officer at Platts, an energy data provider, said: “With sustainable jet fuel as a key component of an airline ’ s cost base, hedging will be vital to avoid negative impacts from these companies appearing on their balance sheets.
He pointed out that airlines hedge to secure their profit margins and protect against losses, making financial planning more accurate and difficult.
He added that the difference between the price of crude oil and jet fuel is expected to remain high throughout 2023, after reaching record levels during the epidemic period as producers changed levels of jet fuel production during those periods.

The predicted losses for the aviation sector in 2022 are estimated to be $9.7 billion, according to the World Air Transport Association, with a significant decline due to the lifting of travel restrictions.

The projected average annual growth rate of air passenger traffic is 4% from 2019 to 2040.

The projected average annual growth rate of air passenger traffic is 4%, according to estimates by Boeing and Airbus.

The forecast indicates that single-aisle jets will make up 70% of commercial aircraft deliveries.

The report forecasts that single-aisle jets will account for approximately 75% of commercial aircraft deliveries.

Single-aisle jets are expected to dominate commercial aircraft deliveries, making up 70% of total deliveries over the next 20 years.

According to Boeing's market outlook, single-aisle jets are expected to make up approximately 75% of commercial aircraft deliveries over the next 20 years.

Single-aisle jets are expected to account for the majority of commercial aircraft deliveries, with an estimated percentage of around 70-75%.

The aviation sector is expected to return to profitability in 2023, driven by the demand for fuel-efficient aircraft and the industry's shift towards sustainability.

The aviation sector is expected to return to profitability in 2023, despite some experts' skepticism due to rising costs and ticket prices.

The global aviation industry is expected to return to profitability in 2023, with a predicted net profit of US $23.3 billion, driven by the gradual recovery of air capacity and increased passenger traffic.

The aviation sector is expected to return to profitability in 2023, driven by its resilience and adaptability.

The aviation sector is expected to return to profitability by late 2023 or early 2024, according to Boeing's projections.

The North American region has the highest demand for new aircraft, with a forecasted demand of 9,160 in the next 20 years, according to Boeing's report.

The North American region has the highest demand for new aircraft, with a demand of 9,160, closely followed by China with a demand of 8,700.

North America has a high demand for new aircraft, particularly single-aisle aircraft, due to its well-established aviation industry.

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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"North America has the highest demand for new aircraft, accounting for 23% of the total demand, followed closely by Asia Pacific and Eurasia."

Title:

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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North America and Europe are driving the recovery in air travel demand, with Europe being the highest revenue-generating region in 2019 and North America having a well-established aviation infrastructure and robust demand for air travel.

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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.

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North America and Europe are driving the recovery in air travel demand, with North American airlines expected to have a net profit of $11.5 billion and European airlines expected to have a net profit of $5.1 billion.

The recovery in air travel demand is being driven by regions such as North America and Europe, although the source document also highlights the strong performance of the Asia Pacific region.

North America and South America are significant markets for single-aisle aircraft, contributing to the demand for air travel.

The Asia Pacific region saw the highest increase in air travel demand, with a 126.1% year-on-year growth in international passenger traffic.

The region with the highest increase in air travel demand is Asia and Pacific, driven by China's expected 20% share in aircraft deliveries and air passenger growth exceeding 6%.

The Asia and Pacific region is expected to see the highest increase in air travel demand, driven by China's growth in air passenger traffic.

The Asia and Pacific region is expected to see the highest increase in air travel demand, driven by growth in Asian companies, particularly Chinese and Indian ones.

The Asia-Pacific region is expected to see the highest increase in air travel demand, driven by rising air traffic and economic development in countries such as China, India, and Japan.

Airbus anticipates selling 39,000 aircraft globally by 2040, driven by the need to replace less fuel-efficient models, aligning with the industry's shift towards more sustainable options.

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.

It is working on adopting innovative strategies.

The Asia and Pacific region is expected to have the strongest growth in air travel demand, driven by China's leading growth in air passenger traffic.

The Asia Pacific region had the strongest growth in air travel demand, driven by a 126.1% year-on-year increase in international passenger traffic.

The Asia and Pacific region is expected to have the strongest growth in air travel demand, driven by rising air traffic, economic development, and increasing demand for air travel in countries such as China, India, and Japan.

Asia and the Pacific are expected to lead the growth in air travel demand, with China's passenger share and Asia Pacific's passenger share predicted to increase significantly by 2040.

The Asia and Pacific region, led by China, is expected to drive the growth in air travel demand, with China anticipated to have more than 6% growth in air passenger traffic.

Asia and the Pacific region is expected to lead the growth in air travel demand, with an annual growth rate of 4.5% over the next 20 years.

The Asia and Pacific region is expected to lead the growth in air travel demand, driven by China's significant share in aircraft deliveries and projected air passenger growth exceeding 6%.

The Asia Pacific region is expected to lead the growth in air travel demand due to its rapid recovery in domestic markets and significant increase in international passenger traffic.

The predicted passenger growth is expected to occur between 2023 and 2040, with a demand for over 43,500 new aircraft.

The predicted passenger growth is expected to occur from 2023 to 2040, driving demand for new aircraft.

The predicted passenger growth is expected to occur from 2023 to 2040, based on a 20-year forecast.

The predicted passenger growth is expected to occur between 2023 and 2040, with an annual growth rate of 4.2% and a projected 7.8 billion passengers in 2040.

The predicted passenger growth is expected to occur between 2023 and 2040.