Airbus Looks to Grow Footprint in Asia as Demand Rises
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Airbus aims to expand its presence in Asia to meet rising demand, with the region currently contributing nearly one-third of its global revenues. The Asia-Pacific market is projected to require 19,560 new passenger aircraft over the next 20 years, accounting for 46% of global demand. Airbus has increased its sourcing from the region significantly and is focusing on growth in India. Despite challenges in the supply chain and competition from Boeing and China's Comac, Airbus remains optimistic about its strategy in Asia.
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