Avolon, a leading global aircraft lessor, forecasts that both Airbus and Boeing may introduce new aircraft models in 2027. This anticipated announcement could include the Airbus A220-500, A350-2000, and Boeing’s 777-10X, marking a significant milestone in the aviation industry. According to Avolon’s “Up Next” report released on January 23, 2023, these developments could redefine the market landscape as both manufacturers strive to meet evolving demands.
The report predicts that the aerospace industry could achieve record profits exceeding $41 billion, driven by sustained economic growth following the pandemic and a decrease in fuel prices. With new aircraft designs on the horizon, both Airbus and Boeing are reportedly working on multiple programs, although details have been kept under wraps.
Aircraft Innovations on the Horizon
The potential launch of the Airbus A220-500 stands out as a key innovation. This extended version of the popular A220 model is designed to accommodate between 160 and 190 passengers. It aims to fill the gap between the existing A220 models and the A320neo. If launched, this variant would directly compete with Boeing’s 737 MAX 8, offering enhanced fuel efficiency and a larger fuselage with additional overwing exits. The A220-500 is anticipated to enter service within the decade.
On the other hand, Boeing is rumored to be developing the 777-10X, an enlarged version of its 777X series, capable of carrying up to 450 passengers. This aircraft could serve as a modern alternative to the Airbus A380 and Boeing 747, featuring approximately four additional rows compared to its predecessor, the 777-9. The 777-10X is expected to be powered by the General Electric GE9X engines and incorporate advanced features such as folding wingtips.
Another contender in this new wave of aircraft is the Airbus A350-2000, which would be an ultra-high-capacity variant of the A350-1000. This model aims to transport more than 400 passengers across multiple classes, positioning itself as a direct competitor to the 777X and becoming the longest variant in the A350 family. As these aircraft concepts remain in the design phase, manufacturers are conducting extensive research into engineering requirements to ensure viability.
Global Demand and Competition
The demand for new aircraft is underscored by the current market dynamics. Approximately a dozen airlines have placed orders for around 500 Boeing 777X aircraft, with the first deliveries expected in 2026. Avolon’s report also highlights the growing interest from emerging manufacturers such as China’s Comac, which is developing the widebody C929, capable of seating between 250 and 320 passengers.
Brazilian manufacturer Embraer is re-evaluating its position in the market, considering various new concepts, including larger single-aisle and turboprop aircraft. This reevaluation marks a shift from their previous decision to discontinue a next-generation turboprop program, as they focus resources on their E-Jet and business jet lines.
Overall, the aviation industry is poised for significant growth, with aircraft shortages remaining a pressing issue. As noted by Avolon, countries such as India, Saudi Arabia, and the United Arab Emirates continue to lead in global aircraft orders, collectively accounting for over 3,000 aircraft, which is more than double the current in-service fleet.
The forthcoming announcements from Airbus and Boeing could reshape the competitive landscape, presenting new opportunities and challenges as the industry gears up for a new era of aviation.
