European aircraft maker Airbus has said it expects the global market for passenger planes to double over the next two decades. Raising its forecast for the next two decades, the European plane maker insisted a slowdown in orders over the past several months did not signal an overall drop in the market. Job creationAirbus said some 35,000 new planes worth $5.3 trillion (4.7 trillion euros) would be needed over the next 20 years. “Asia Pacific continues to be an engine for growth, with domestic China to become the world’s largest market,” he added. The plane maker pointed out this would mean hundreds of thousands of new jobs, estimating the need for 530,000 more pilots and 550,000 new maintenance engineers.

Source: Daily News Egypt June 10, 2017 12:11 UTC