Airbus yesterday projected that Asia/Pacific airlines will take delivery of around 8,560 new aircraft valued at $1.2 trillion over the next 20 years, representing 33% of new aircraft deliveries worldwide over the forecast period. By 2030, the region will have surpassed North America and Europe to become the world’s largest air transport market. In terms of growth, Airbus expects the number of passengers carried by Asia/Pacific airlines to rise by 5.8% per year while the amount of freight passing through the region will increase by 7% annually. This compares with global average increases of 4.8% in the passenger market and

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