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  • Numbers Highlight Asia-Pacific's Rise as Aviation Mega Market
    Posted by Joe Anselmo 6:14 PM on Mar 20, 2012

    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.

    Tags: tw99

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