Boe­ing projects de­mand for 2,100 new air­planes in In­dia

Business Traveller (India) - - UPFRONT -

Boe­ing has pro­jected a de­mand for 2,100 new air­planes in In­dia, val­ued at $290 bil­lion, over the next two decades.

The new num­bers were re­leased as part of its Cur­rent Mar­ket Out­look (CMO) for In­dia at a me­dia brief­ing in Delhi.

Sin­gle-aisle air­planes from the 737 MAX fam­ily will dom­i­nate a large share of new de­liv­er­ies. Boe­ing also pre­dicts that air­lines in In­dia will re­quire 1,780 new air­craft in the com­ing 20 years.

“Com­mer­cial aerospace de­mand in In­dia con­tin­ues to grow at un­prece­dented rates. The in­creas­ing num­ber of pas­sen­gers com­bined with a strong ex­change rate, low fuel prices and high load fac­tors bodes well for In­dia’s avi­a­tion mar­ket, es­pe­cially for the low-cost carriers. The 737 MAX is the fastest-sell­ing air­plane in Boe­ing his­tory be­cause cus­tomers through­out the world, in­clud­ing In­dia, want its com­bi­na­tion of per­for­mance, flex­i­bil­ity and ef­fi­ciency. Boe­ing also con­tin­ues to of­fer the most com­plete fam­ily of wide-body air­planes, as ev­i­denced by our more than 85 per cent in-ser­vice mar­ket share in In­dia,”says Di­nesh Keskar, se­nior vice president, Asia Pacific and In­dia Sales at Boe­ing Com­mer­cial Air­planes. The brief­ing also in­cluded other im­por­tant find­ings in its an­nual out­look with re­gards to the In­dian avi­a­tion in­dus­try: • Traf­fic growth in In­dia is ob­served at more than 20 per cent, ex­ceed­ing the global aver­age of 7.3 per cent. • Do­mes­tic pas­sen­ger traf­fic has grown by 23 per cent from last year. • In­dia’s bud­get air­lines con­tinue to ac­count for more than 60 per cent of all flights. Boe­ing projects a global de­mand for 41,030 new air­planes over the next 20 years, with In­dian carriers ac­count­ing for more than 5.1 per cent of this. boe­

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