Growth And Replacement Needs Will Total $38.6 Billion

According to the latest Airbus Global Market Forecast (GMF), Nordic airlines are predicted to require 424 new passenger aircraft between 2011 and 2030 with a value of $38.6 billion.

These new aircraft deliveries will be dominated by single-aisles (365). Airbus also forecasts a trend toward larger aircraft sizes as airlines seek to grow capacity efficiently, reduce seat mile costs and simultaneously their impact on the environment. There are 59 twin-aisle new aircraft deliveries forecast over the next 20 years in the Nordics. Around half of the new aircraft requirement for the region will be for the replacement of older less efficient aircraft, and half will be for new aircraft as air travel continues to grow to and from the Nordics.

The Airbus forecast for the Nordic region is based on an analysis of seven countries, where over 50 airlines operate some 302 passenger aircraft today.

Air traffic to, from and within the Nordics has increased by 67% since 2001 with an increase of 87% in international traffic. As well as connecting the region to the rest of Europe and the world, tourism is becoming increasingly important, with its share of GDP in Nordics, expected to reach 6.5% in 2020 compared to 5.6% today.

Driven by tourism, advanced economies with a high standard of living and further developments in the low cost market, Airbus forecasts that the Nordics will average an annual passenger traffic growth rate of 4.0%. This figure is above other developed aviation markets such as North America (2.5%, domestic) and in line with Western Europe (3.5%, inter regionally).

“The aircraft fleet serving the Nordic market will grow from approximately 300 aircraft today, to more than 500 over the next 20 years, an increase of aircraft in service of 70%,” says Christopher Emerson, Senior Vice President Product Strategy & Market Forecast, Airbus. “This translates into a large demand for more aircraft, which Airbus is well positioned to supply with its range of modern eco-efficient planes." 

FMI: www.airbus.com