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Airbus raises outlook for global jet demand

Company revises up delivery estimate for all manufacturers but lowers passenger number forecast

Airbus expects airlines to order more aircraft than previously forecast over the next 20 years to replace less fuel-efficient planes, but said passenger numbers would not grow as fast as previously thought.

In its 20-year outlook published on Monday the European aerospace group raised its forecast for global deliveries of jets by all manufacturers to 39,490 from 39,020.

Roughly 80 per cent of the deliveries are expected to be for single-aisle aircraft, which typically serve short and medium-haul destinations, while 2,400 planes will be new and converted freighter aircraft.

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