Airbus reduced its 20-year forecast for new single-aisle aircraft in China. The manufacturer now expects Chinese airlines to require 7,480 jets. This figure represents a decrease of 470 units from the previous estimate of 7,950.
High-speed rail competition drives the adjustment, particularly on routes between 500 and 800 kilometers. Airbus estimates high-speed rail could capture 10% of China's domestic air traffic. The revised outlook impacts the total addressable market for Airbus, Boeing, and COMAC.
Separately, Egyptian carrier AIRCAIRO placed a firm order for 15 Airbus A320neo aircraft. The order supports the airline's ongoing expansion strategy.