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Airbus to supply 33,000 planes valued at $5 trillion in 20 years
*Over 500,000 new pilots required Aircraft maker, Airbus in its Global Market Forecast said that in the next 20 years (2016-2035), passenger traffic will grow at an average 4.5 per cent a year, driving a need for over 33,000 new aircraft above 100 seats (32,425 passenger and 645 freighters greater than 10 tonnes) worth $5.2 trillion. By 2035, the world’s aircraft fleet will have doubled from today’s 19,500 aircraft to almost 40,000. Some…
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