July 17, 2018 / 11:18 AM / in 3 months

Airbus aims to triple commercial aircraft services revenue in next decade

FARNBOROUGH, England (Reuters) - Airbus wants to triple the revenue it gets from commercial aircraft services to $10 billion (7.56 billion pounds) a year in next decade from $3.2 billion in 2017, it said on Tuesday.

FILE PHOTO: An Airbus A350 aircraft flies in formation with Britain's Red Arrows flying display team at the Farnborough International Airshow in Farnborough, Britain July 15, 2016. REUTERS/Peter Nicholls/File Photo

Commercial aircraft services include functions such as providing spare parts and predictive maintenance data, refitting cabins, pilot training and optimising flight operations.

Airbus expects growth in the services market will be driven by a doubling in passenger traffic over the next 15 years.

Philippe Muhn, vice president of Airbus customer services, said a year after launching its Skywise platform, which enables airline customers and suppliers to share data, the company now had 22 airline customers with 2,500 connected aircraft feeding into the system.

Reporting by Victoria Bryan; Editing by Mark Potter

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