Aircraft passengers ‘may triple by 2026’

Global air passenger traffic could triple in the next 20 years, creating a demand for some 24,300 new aircraft, agencies reported European aviation firm Airbus as saying on Thursday.

Passenger traffic is expected to grow at an average annual rate of 4.9%, the company said in its Global Market Forecast, with the greatest demand for passenger aircraft coming from the Asia-Pacific region, which will account for about 31% of total global demand.

In a separate development, one of the UK’s biggest investment firms recently labelled investment in airlines as unethical, citing concerns over the millions of tonnes of carbon dioxide produced by commercial aircraft.

Aviation accounts for 2% of global carbon emissions and 13% of emissions in the UK.

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