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Airbus: expects services market to double

( - Airbus expects the services market to return to pre-pandemic levels in 2023 and double in value over the next 20 years, from 95 billion dollars today to over 230 billion dollars in 2041, according to its latest Global Services Forecast (GSF).

The number of people working in aviation services, which keep the world's fleets flying, is expected to increase by a further two million.

Airbus estimates that the number of pilots, cabin crew and maintenance specialists alone is expected to grow by a further two million by 2041.

3.7% compound annual growth rate will result in a doubling of the value of the services market over the next two decades.

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