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Airbus sees $1.3 trillion Asia aircraft market
A participant adjusts his service cap as an Airbus A380 is seen in the background during the MAKS International Aviation and Space Salon in Zhukovsky, outside Moscow, August 16, 2011.
Credit: Reuters/Sergei Karpukhin/Files
SINGAPORE |
SINGAPORE (Reuters) - Asia-Pacific nations will take delivery of 9,370 passenger jets over the next 20 years, valued at $1.3 trillion, helping to power the aerospace industry's growth, planemaker Airbus said on Wednesday.
Sales chief John Leahy said the rapid urbanization of Asia's population and sharp growth in emerging economies compared with the industrialized nations would soon make Asia the busiest market for air travel, displacing the United States.
He was speaking on day two of the Singapore Airshow where Lion Air signed a record order for jets from Airbus's biggest rival Boeing (BA.N) on Tuesday.
(Reporting by Harry Suhartono and Tim Hepher; Editing by David Fogarty)
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