Airbus projects more narrowbodies, keeps large aircraft target intact

Airbus' latest 20-year Global Market Forecast has continued the trend of steady annual upward revisions to the long-term outlook. The manufacturer has revised its growth forecast for 2010 to 2029 from 4.7% to 4.8%, and consequently upped its forecast to almost 26,000 passenger and freighter aircraft, representing an increase of around 900 units from last year's forecast. The value of the market outlook has also been raised from USD3.1 to USD3.2 trillion.