Airbus increases 20-year jet demand forecast

Planemaker Airbus (AIR.PA) increased its 20-year forecast for jet demand by nearly 4 percent on Monday, driven by growth in emerging markets in the Asia-Pacific region and China. Airbus sees demand for 32,600 new planes worth nearly $5 trillion, up from a previous forecast in September for 31,358 planes worth $4.6 trillion, it said at the Paris Airshow. "Asia-Pacific will lead in world traffic by 2034 and China will be the world's biggest aviation market within 10 years, and clearly Asia and emerging markets are the catalyst for strong air traffic growth," Airbus sales chief John Leahy said in a statement.

Airbus increases 20-year jet demand forecast source: http://finance.yahoo.com/news/airbus-increases-20-jet-demand-083959240.html