About a tenth of those aircraft are earmarked for India, buoyed by a rising middle class and anticipated economic growth.
According to Airbus, India’s domestic market will show the largest growth of any significant market in the next two decades, with traffic rising by a compound annual growth rate of 9.9 percent.
The country is expected to make up 2.9 percent of global traffic by 2031.
Separately, Irish leasing company Avolon said about 40 percent of the airplanes on order from Airbus and its U.S. rival Boeing are destined for Asia, which is set to dominate aviation transport growth in coming years.
A380 photo: Airbus