Asia Pacific region needs more planes by 2040

In the next 20 years, the Asia Pacific region will require 17,620 new passenger and freighter aircraft. — Pixabay

The Asia Pacific region will need over 17,600 new aircraft by 2040 to accommodate passenger traffic growth and retirement of older fleet, says Airbus International in a statement.

Passenger traffic growth of 5.3% per annum and the retirement of older, less fuel efficient aircraft will see the region require 17,620 new passenger and freighter aircraft.