{"id":140426,"date":"2023-06-13T17:20:00","date_gmt":"2023-06-13T17:20:00","guid":{"rendered":"https:\/?p=140426"},"modified":"2023-06-13T23:28:09","modified_gmt":"2023-06-13T23:28:09","slug":"avolon-says-4-trillion-needed-to-transform-global-jet-fleet","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/06\/avolon-says-4-trillion-needed-to-transform-global-jet-fleet.html","title":{"rendered":"Avolon says $4 trillion needed to transform global jet fleet"},"content":{"rendered":"\n

Global aviation needs $4 trillion of capital over the next 20 years to fund new commercial deliveries and transform the world\u2019s fleet, leasing firm Avolon said on Tuesday.<\/p>\n\n\n\n

Airlines and leasing companies will take delivery of 44,300 commercial passenger aircraft by 2042, of which approximately half will be for replacement and half for growth, the world\u2019s third-largest aircraft lessor said in a new forecast.<\/p>\n\n\n\n

The world\u2019s commercial passenger aircraft fleet is set to nearly double to 46,880 aircraft by 2042, the Dublin-based firm predicted.<\/p>\n\n\n\n

The report comes ahead of the June 19-25 Paris Airshow where aerospace companies will highlight plans to reach an industry-wide target of net zero emissions by 2050, while wrestling with short-term supply chain problems.<\/p>\n\n\n\n

\u2192 Rolls-Royce completes first successful tests of UltraFan technology demonstrator<\/a><\/em><\/strong><\/p>\n\n\n\n

To reach the goal, the industry needs to decouple its environmental impact from strong travel demand, which is set to grow at an expected 3.5% compared with GDP growth of 2.5%, Avolon said.<\/p>\n\n\n\n

Environmental critics say such rapid growth of commercial aviation is at odds with its environmental objectives.<\/p>\n\n\n\n

\u201cA growing industry will attract the capital required to drive aviation\u2019s sustainability transition,\u201d it said.<\/p>\n\n\n\n

Growth will be dominated by narrow-body jets like the Airbus A320neo and Boeing 737 MAX.<\/p>\n\n\n\n

Europe\u2019s Airbus will maintain leadership of the narrow-body market with its current 53% share of the fleet rising to 58% by 2042, Avolon predicted. Boeing will maintain leadership of the widebody market with a 59% share.<\/p>\n\n\n\n

It also predicted a renaissance for the smaller turboprop.<\/p>\n\n\n\n

The current age of such planes means more turbprops will be delivered in coming years than regional jets – \u201ca reversal of the trend over the past 25 years that could invite new entrants with innovative designs,\u201d Avolon said.<\/p>\n\n\n\n

China is developing a new turboprop while Brazil\u2019s Embraer has put plans for its own new turboprop on hold. The market is currently dominated by French-Italian ATR.<\/p>\n\n\n\n

By Tim Hepher \u2013 Reuters<\/a><\/p>\n\n\n\n

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