Airbus sees India’s air travel boom pulling ahead

Benchmarks
Nifty23,380.70-17.4
FEATURED FUNDS★★★★★
Motilal Oswal Midcap Fund Direct-Growth
5Y Return
22 %
Invest Now
Enter search text:
Business News›Industry›Transportation›Airlines / Aviation›India’s air travel boom leads Asia, prompting Airbus to raise growth forecast to 9.3%
Read Today's Paper
India’s air travel boom leads Asia, prompting Airbus to raise growth forecast to 9.3%
Synopsis
India's domestic air travel growth is projected to be the fastest in Asia-Pacific. Airbus forecasts India will need 3,480 new passenger aircraft over two decades. This demand significantly outpaces China's projected aircraft requirements. Global aircraft demand remains strong despite geopolitical and supply-chain challenges. Airlines across Asia-Pacific prepare for continued expansion in air travel.
ReutersIndia’s domestic air travel growth is expected to remain the fastest in the Asia-Pacific region, with Airbus raising its forecast to 9.3% from 8.9%, a Reuters report said, citing the aircraft maker’s latest 2026-2045 market forecast.
The aircraft maker has also said it has not seen any softening in demand or deliveries despite geopolitical tensions and supply-chain challenges.
Anand Stanley, president of Airbus Asia-Pacific, said that demand remained strong, with airlines showing a continued readiness to take deliveries, at a briefing in Hong Kong on Tuesday.
India to need 3,480 new aircraft
India is expected to require 3,480 new passenger aircraft over the next 20 years, according to Airbus’ latest market forecast, the report showed.
Airbus expects the Asia-Pacific region to account for about 45% of the roughly 42,000 new aircraft that will be needed globally over the next two decades.
China, Airbus’ largest market for commercial jets, is projected to need 8,830 new passenger aircraft, while the rest of Asia-Pacific will require another 6,880, the Reuters report said.
India’s air travel growth outpaces China
The latest Airbus forecast shows a widening gap in projected domestic air traffic growth between India and China.
Airbus raised its forecast for India’s domestic traffic growth to 9.3% from 8.9%, while cutting its China forecast to 4.7% from 5.4%, Reuters reported.
Francois Cabaret, Airbus’ head of global market forecast, said Chinese airlines also face a significant need to renew their fleets.
Before the Covid-19 pandemic, Chinese airlines were taking around 400 aircraft deliveries a year. Since then, combined deliveries by Airbus, Boeing and Chinese aircraft maker COMAC have fallen to less than half that level, Cabaret said, according to Reuters.
Airbus sees strong aircraft demand
Despite geopolitical and supply-chain headwinds, Airbus said aircraft demand and deliveries have remained resilient.
Stanley said the company was seeing strong demand as well as an increase in deliveries across the board, including in the Asia-Pacific and Middle East markets, the Reuters report added.
The outlook comes as airlines across Asia-Pacific prepare for continued growth in air travel, with India emerging as the region’s fastest-growing market and accounting for a significant share of the aircraft demand expected over the next two decades.
Add as a Reliable and Trusted News Source
Add Now!
(You can now subscribe to our WhatsApp channel)
(Catch all the Business News, Breaking News and Latest News Updates on The .)
…moreless
(You can now subscribe to our WhatsApp channel)
Read More News on
India air travel growthAirbus market forecastnew passenger aircraft in IndiaIndia vs China air travelaircraft deliveries Asiaair travel boomChina aircraft demand
(Catch all the Business News, Breaking News and Latest News Updates on The .)
…moreless


Enter search text:
Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories
& personalised newsletters
Login Now
Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &
in-depth stock reports
Subscribe Now
ET
Unlock Access to All Exclusives with ETPrime FREE TRIAL
15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers
Trial offer expiring in00 : 05 : 00
I'd rather pay ₹2599 now


Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Prime Account Detected!
It seems like you're already an ETPrime member with
Login using your ET Prime credentials to enjoy all member benefits
Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.
Unlock ETPrime's Exclusive Stories Today!
Subscribe to gain powerful insights on business, stock market and industry trends.
Big Price Drop! Flat 40% Off
Student Only Offer
Already a Member? Sign In now
Already a Member? Sign In now
Already a Member? Sign In now
Offer Exclusively For You
Save up to Rs. 700/-
ON ET PRIME MEMBERSHIP
Avail Offer
Offer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail Offer
Offer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail Offer
Offer Exclusively For You
Get Flat 40% Off
Then ₹ 1749 for 1 year
Avail Offer
Offer Exclusively For You
ET Prime at ₹ 49 for 1 month
Then ₹ 1749 for 1 year
Avail Offer
Special Offer
Get flat 40% off on ETPrime
Avail Offer
Avail Offer
Claim NowAlready a Member? Sign In now
Need Assistance?
Connect with an ETPrime expert for personalized support and guidance
+91 9484700004
' + h3 + '
' + h4 + '
- ' + listing + '
What’s Included with
ETPrime Membership
1Exclusive Insights That Matter
Uncover the truth with our investigative stories
Make strategic moves using the real-world case studies
Read industry-specific stories to identify emerging trends
Spot opportunities with in-depth insights that matter
Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

The problem with lab grown diamonds
Why a falling rupee is a better option for the economy

A list of top 20 momentum stocks that have delivered massive returns in one year
2Invest Wisely With Smart Market Tools & Investment Ideas
Alpha Trade
Get daily trade ideas from SEBI-registered research analysts.
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
All-in-one stock research with Stock Score, peer comparison & key signals.
BigBull Portfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
3Stay informed anytime, anywhere with ET ePaper
ePaper – Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper – Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
4Times Of India Subscription (1 Year)
ePaper
Read the PDF version of newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
New York Times Exclusives
Stay globally informed with exclusive story from New York Times.
5Enjoy Complimentary Subscriptions From Top Brands
Docubay Subscription
Stream new documentaries from all across the world every day.
Stories you might be interested in




Leave a Reply