PARIS, Oct 9 (Reuters) - Airbus is predicting
3.6% average growth in aircraft services over the next 20 years,
creating jobs for 2.35 million pilots, mechanics and other
workers to meet air travel growth.
The European planemaker is one of several aerospace
companies that have made a push into services alongside their
traditional manufacturing roles in recent years to compete with
independent providers for higher-margin aftermarket work.
Airbus said it expected the total value of the services
market to reach $311 billion a year by 2044.
Demand for so-called off-wing maintenance or repair shop
visits will more than double in value to $218 billion over the
period, with on-wing or light inspections and other routine
maintenance rising to $34 billion from $21 billion.
Airbus executives said global supply chains, which feed
repair networks as well as factories for new planes, are still
in recovery following the COVID-19 pandemic but are improving.
The core Airbus planemaking business made 10% of its
revenues from services in 2024.
In June, Boeing ( BA ) forecast a total demand for $4.7 trillion
worth of commercial services spread over the next 20 years based
on an annual average growth of 3.8%.