Ready for Takeoff
Air travel is poised to create soaring aircraft demand over the next 20 years.
Thanks in part to the rise of a new middle class in China, India and other emerging nations, we’re in the middle of one of the biggest economic transformations the world has ever seen. One telling example: Global airlines are hurriedly writing orders for new planes that will allow them to accommodate the travel ambitions of the new consuming class. According to Airbus, passenger traffic from Asia will climb 5.8 percent annually between now and 2034. And it’s not only people who’ll be filling the skies — Boeing forecasts that air cargo will grow by nearly 5 percent each year over the same time frame.