Airbus Expects Surge in Demand for Planes, Air France-KLM Will Not Expand Low-Cost Airline

Airbus has updated its 20-year forecast for jet demand, expecting demand to hit 31,400 passenger and freighter planes between this year and 2033. This is a 7 percent increase from the plane maker’s last forecast.

Air France-KLM, however, has announced it will halt plans to expand its low cost airline Transavia in Europe.

The market for goods and services for China’s elderly population is expected to reach $652 billion this year - representing 8 percent of GDP. By 2050, that amount is estimated to grow to $17 trillion or one-third of the economy.

A new report from IHS states the number of jobs in the US unconventional oil and gas supply chain is likely to grow 45 percent between 2012 and 2025 - growing from 524,000 jobs in 2012 and reaching 757,000 jobs in 2025.

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