Airbus Predicts a Lot More Planes Will Sell in the Next 20 Years
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Airbus is going to have a pretty good next couple of decades.
That’s what the European aircraft manufacturer predicted on Friday when it raised its 20-year forecast of plane demand by more than 7% to a total of 37,400 jets, worth $5.8 trillion at list prices.
Driving demand for Airbus are the smaller regional C Series jets it has partnered with Bombardier to produce. The jets, which seat 110 to 130 flyers, represent about 76% of all aircraft it will deliver over the next 20-year period. That’s about 28,550 deliveries worth $3.2 trillion.
Airbus’ rival Boeing is also trying to get a slice of that market, by striking a similar deal for regional jets with Embraer on Thursday.
The increased demand for Airbus jets is partly driven by Western markets’ need to replace aging aircraft, while strengthening economies in developing markets push those countries to enter the plane buying arena.
The boom comes as the airplane builder is finally recovering from lagging deliveries of its A320neo single-aisle jets. An engine shortage on those aircraft snarled Airbus’ production operations for the past two years. But now the manufacturer is making a dent in the delivery backlog, shrinking its number of undelivered jets from 100 down to 86 in June alone.
Airbus is considering raising its future production goals to 70 jets per month. That would be a significant increase from its 2019 target of 60 aircraft per month.
Featured image by LOIC VENANCE/AFP/Getty Images.
Welcome to The Points Guy!
Earn 90,000 bonus miles after you spend $3,000 in purchases within the first three months of card membership. Plus, earn a $200 statement credit after your first Delta purchase within the first three months. Offer ends 7/28/21.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 Bonus Miles after spending $3,000 in purchases on your new Card in your first 3 months and a $200 statement credit after you make a Delta purchase with your new Card within your first 3 months. Offer expires 7/28/2021.
- Limited Time Offer: Plus, get a 0% intro APR on purchases for 12 months from the date of account opening, then a variable 15.74%-24.74%. Offer expires 7/28/2021.
- Accelerate your path to Medallion Status, with Status Boost®. Plus, in 2021 you can earn even more bonus Medallion® Qualification Miles (MQMs) to help you reach Medallion Status.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees