Monday 7 March 2011

Airbus looks to Asia for boost in demand

Airbus has revealed it expects new orders from Asia in coming 20 years. The French plane manufacturer expects to sell around 8,560 aircraft to Asian carriers. It is one of the biggest competitor of American plane manufacturer Boeing. About a quarter of Airbus’ aircraft orders are presently from Asia-Pacific. Airbus expects that passenger numbers carried by Asia-Pacific airlines to rise by 5.8 per cent annually. Last year Airbus sold 644 aircraft with a list value of more than $84 billion while its biggest competitor has delivered 625 planes. Emerson went on to forecast Asian carriers would order 3,360 wide-bodied aircraft and 5,200 new planes in the 100-210 seat category over the next 20 years. While the best-selling A320 series is expected to remain popular, Airbus remains on course to deliver its first A380 to a Chinese airline, China Southern Airlines, in the second half of 2011.

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