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Asia-Pacific to be biggest aircraft market by 2032: Airbus

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A visitor looks at a miniature model of an Airbus A320 at Aviation Expo China 2013 in Beijing Sept. 25, 2013.   © Reuters

PARIS -- The Asia-Pacific region will be the world's largest aircraft market by 2032, Airbus said in a report released Thursday.

     The European aircraft maker said airlines in the region will likely require a total of 10,940 new planes over the two decades through 2032. The company said that translates into about $1.8 trillion worth of demand.

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