GLOBALIZED DEMAND
Aviation is an increasingly integral part of life, bringing people
closer together. As the world’s emerging markets continue to grow
and new business models expand, airplane manufacturers are
seeing greater diversity in their customer base. In 1994, airlines in
Europe or North America carried more than 73 percent of all traffic.
By 2034, that share will shrink to 38 percent, with Asia Pacific
and Middle East airlines becoming prominent in global aviation.
The low-cost business model continues to drive growth in the
single-aisle market.