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"Today on average, a fifth of the population of the emerging markets take a flight annually and by 2032, this will swell to two thirds," said Leahy, who later Tuesday is due to fly to China, where is expected to announce more orders for the company's planes. "Domestic China will be the biggest market." Airbus' projections are similar to those of its great rival, Boeing Co. In June, the U.S. plane-maker forecast the need for 35,280 new planes by 2032, valued at $4.8 trillion. And like Airbus, it said single-aisle airplanes, such as its 737 range, will take the lion's share of the orders in light of the growth in emerging markets such as China. Though smaller planes are the most in demand, Airbus' Leahy said larger planes will garner more and more orders, particularly in Asia Pacific. On Tuesday, British Airways becomes the tenth airliner to commercially fly the A380, with a mid-afternoon flight to Los Angeles.
[Associated
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