Airbus upgrades 20-year demand forecast led by wide-body jets

Airbus increased its 20-year demand forecast for jetliners due to airlines upgrading fleets and Asia's growing economies boosting air travel. The planemaker predicts the global fleet will double to 48,230 planes, with deliveries of 42,430 new aircraft. Strong growth is expected in Asia and the Middle East, led by India and China. Airbus sees improved single-aisle plane performance transforming transatlantic travel and predicts rising demand for wide-body jets. The report also addresses environmental concerns by highlighting the contribution of new jets to lower emissions.