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Airbus shaves 20-year demand forecast, sees faster replacements

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Reuters

By Tim Hepher and Alexander Cornwell DUBAI (Reuters) – Airbus shaved its forecast for airplane demand by 0.5% compared with pre-pandemic projections on Saturday, offset by a brighter outlook for freighters as the world’s largest jetmakers fight for inaugural sales of large new cargo planes. Airbus issued new long-term demand forecasts on the eve of the Dubai Airshow, where a battered aviation industry is reeling from the loss of two years’ growth to COVID-19, while striving to defend its environmental plans amid growing climate pressure. Airbus said it expected a market total of 39,020 jetline…

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