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Airbus raises 20-year forecast for aircraft demand

European aircraft-maker Airbus has raised its 20-year forecast for plane demand and passenger traffic, pointing to strong growth in new markets.

It also says the expansion of low-cost airlines in Asia will help boost sales.

Airbus is predicting deliveries of almost 26,000 new passenger and freight aircraft worth $3.2 trillion (2.4tn euros; £2tn) between 2010 and 2029.

That is an increase of 900 aircraft compared to its previous annual forecast.

Chris Bockman reports.

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