GIANTS MOVE
The Farnborough Airshow 2018 showed two scenarios, one for the civil aviation and other for the military. In the air transport market, the world’s largest aeronautical salon confirmed a global growth. In the defense segment, in turn, in view of the budgetary cuts across the globe, what was seen was a redirection of the industry to more orthodox solutions. A great highlight of this year edition, the rivalry between Airbus and Boeing in the commercial aviation, was measured in numbers. Together, both enterprises summed up over US$ 150 billion in orders. Although most of the orders were negotiations initiated before the British biennial fair, the consolidated contracts give a dimension of the courses of the airline market.
WORLD FLEET
Both publicized their studies on the market prospects for the next 20 years, projecting a growth of 4.4 percent per year. According with the so-called Commercial Market Outlook, Boeing estimates theat in two decades there will be the need of 42,730 new jets, valued at US$ 6.3 trillion. Airbus in the Global Market Forecast shows a nearby result, with 37,400 aircrafts valued at US$ 5.8 trillion.
Currently, there exist at least 900 aircrafts with over 25 year’s usage. By mid-next decade, an average of 500 aircrafts per year will achieve the age of 25, the double of the annual rate, generated by the expansion of the fleet over the last years, which should stimulate the substitution of great part of the fleet. Out of the projected sales, 44 percent of the new aircrafts will be necessary to cover only the replacements, while the rest will support the future growth. It is expected that the global fleet will double its size until 2037.
The single-corridor segment will have the highest growth over the 20 years to come, with a demand of 31,360
