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Airlines in the Pacific region will require 920 aircraft

Airlines based in the Pacific region will receive 920 new aircraft over the next 20 years, driven by average passenger traffic growth in the region of 3.2% per year, according to the latest Airbus Global Market Forecast. The forecast includes about 750 single-aisle aircraft, such as the A220 and A320 Families, and about 170 wide-body aircraft, such as the A330neo and A350. About 55% of this demand will go towards growth and 45% towards replacing aircraft currently in service. The forecast was presented by Stephen Forshaw, Airbus Chief Representative for Australia, New Zealand and the Pacific, on the eve of the Avalon Airshow, which will take place between February 28 and March 5, 2023, in Melbourne. In the Pacific region, Airbus has established important partnerships over the past year to advance its ambitions. These include a joint fund with Qantas to encourage the industry to develop the necessary ecosystem in Australia and a project with Air New Zealand to study the applications of hydrogen-powered aircraft on its national grid. Airbus is also participating in studies with the Australian company Fortescue Future Industries (FFI) and announced a collaboration in a new hydrogen consortium in New Zealand together with Christchurch Airport, Air New Zealand, FFI and several start-ups. Stephen Forshaw added that, "Today all of our attention is focused on a single goal: the decarbonisation of our industry. We have a duty to ensure that future generations can experience the joy of traveling as we have, discovering the world, connecting with others and get to know new cultures, all while protecting our environment". The Pacific region is a key market, with 170 Airbus aircraft currently in service with airlines in Australia, Fiji, New Caledonia, New Zealand and the Solomon Islands. Another 166 aircraft are currently on order for future delivery to Pacific Airlines. This represents 75% of the total order book of the region's airlines for all manufacturers. Globally, Airbus forecasts a demand for 39,490 new aircraft over the next 20 years, 17,620 of them in the Asia-Pacific region.

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