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Increased aircraft demand lifts Paris Air Show

Increased aircraft demand lifts Paris Air Show
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The Paris Air Show has taken off with a flurry of multi-billion euro plane deals.

The first day of has seen significant activity in the air as well as on the ground with demand from Middle Eastern and Asian airlines swelling already bulging order books.

Airbus expects that thousands of new planes will be needed over the next two decades.

“Over the next twenty years, this market will grow dramatically. It will more than double. In fact, it will double in fifteen years. We will need about 32,600 new aircraft, that’s worth 4.9 trillion US dollars. This is definitely a growth market,” said Airbus sales chief John Leahy.

Meanwhile, Airbus’s US rival Boeing is betting its future on the single aisle 737 or smaller wide-body aircraft such as the 787.

It is already creating something of a stir with the allure of a near vertical take-off; this video’s gone viral and been seen around 7-million times over the weekend – air travel for tomorrow, but not for the faint-hearted…