Airbus: By 2044, China will become the largest market for global aviation services, reaching $638 billion.

On January 15th, Airbus released the "Global Aviation Services Market Forecast" in Beijing. Hu Yongdong, Vice President of Customer Services Strategy, Development and Operations at Airbus China, stated that the focus of the aviation aftermarket service market is showing a clear trend of shifting towards the East, with China expected to become the market with the highest value. The market size is expected to grow from $24.8 billion in 2025 to $63.8 billion in 2044. He also revealed that China is expected to receive about 9,570 new aircraft in the next 20 years, with the fleet size more than doubling. By 2044, the number of aircraft in service in China is expected to reach 10,620, with over 90% being new generation high-efficiency aircraft, ushering in a new era of environmentally friendly and low-carbon flying.