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Andrew Shankland, Airbus’s senior vice president for leasing, highlights the diminishing importance of North America and Europe in the commercial aviation market – and the rise of the Asia-Pacific as the industry’s new mega-market. In a presentation at the International Society of Air Transport Aircraft Trading (ISTAT) conference in Phoenix, Shankland said Airbus’s backlog breaks out like this: Asia-Pacific: 37%Lessors: 19% Europe: 12% North America: 11% Middle East: 11%Latin America: 7%Africa: 2% The share of backlog from North America bumps up a bit if lessors are factored in, but is still no more than 30%, Shankland says. One of those aircraft leasing companies is placing more than two-thirds of its new narrowbody jets in the Asia-Pacific. Norman C.T. Liu, president and CEO of GE Capital Aviation Services (Gecas), tells my colleague Guy Norris and I that 70% of those aircraft are going to the region – and just 10% to North America and Europe. The rest are divided among the Middle East, Latin America and Africa.
Andrew Shankland, Airbus’s senior vice president for leasing, highlights the diminishing importance of North America and Europe in the commercial aviation market – and the rise of the Asia-Pacific as the industry’s new mega-market. In a presentation at the International Society of Air Transport Aircraft Trading (ISTAT) conference in Phoenix, Shankland said Airbus’s backlog breaks out like this:
Asia-Pacific: 37%
Lessors: 19%
Europe: 12%
North America: 11%
Middle East: 11%
Latin America: 7%
Africa: 2%
The share of backlog from North America bumps up a bit if lessors are factored in, but is still no more than 30%, Shankland says.
One of those aircraft leasing companies is placing more than two-thirds of its new narrowbody jets in the Asia-Pacific. Norman C.T. Liu, president and CEO of GE Capital Aviation Services (Gecas), tells my colleague Guy Norris and I that 70% of those aircraft are going to the region – and just 10% to North America and Europe. The rest are divided among the Middle East, Latin America and Africa.
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