Emerging markets to lead aircraft demand in the next 20 years
The Dollar Business Bureau Another 20 years, the aircraft industry is going to see it boom in India and other emerging markets. The domestic traffic would help generate an aircraft demand worth $5 trillion and the fleet across the aircraft industry is expected to double by 2034, said Airbus. The traffic outflow in India alone is estimated to be six times more during this period thus giving it the credit of the fastest growing markets globally. Airbus has also identified Mumbai and Delhi airports among the most crowded ones across the world. It is also pointed out that in the next 20 years, global passenger traffic will fatten at an average of 4.6% a year, hammering a need for some 32,600 ...
