Global aircraft fleet needs to double by 2042 to keep up with demand, report concludes

The report said that the biggest driver of new passengers will be in Asia — particularly in India and south-east Asia — and Latin America.

Irish headquartered aircraft leasing firm Avolon said $4trn will need to be spent over the next 20 years on more than 44,000 new airplanes. 

The global fleet of passenger aircrafts will need to double by 2042 in order to keep up with the demand for air travel, particularly from Asia and Latin America, a new report by aircraft leasing firm Avolon shows.

On Tuesday, the Irish-headquartered company published its World Fleet Forecast which projected that the number of passenger aircraft worldwide will need to grow by 94% to 46,880 over the next 20 years in order to match demand for travel.