The amount of passengers taking domestic flights in China in twenty years' time will dwarf that in the United States, leading aircraft manufacturer Airbus said on Tuesday.
"It's a big story," John Leahy, chief operating officer at the customers department for Airbus told CNBC. Twenty nine percent of all the revenue passenger kilometers are going to be coming out of Asia-Pacific, he added, with China growing rapidly.
"In twenty years the number one domestic market by far will be domestic China, it's quite a shift," he said.
At a press event in London, the firm outlined its global market forecast covering the period of 2013-2032. It predicts that jet demand will grow by 3.6 percent to 29,266 aircraft over this 20-year period. It added that the industry will need $4.4 trillion worth of new jetliners and freighters in over 20 years, revising its growth outlook higher for the sector.
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