In­dus­try

India Strategic - - CONTENTS -

NEW DELHI. Boe­ing fore­casts a de­mand for 2,100 new air­planes in In­dia, val­ued at $ 290 bil­lion, over the next 20 years. The com­pany re­leased the new num­bers as part of its an­nual Cur­rent Mar­ket Out­look (CMO) for In­dia dur­ing a brief­ing in Delhi. “Com­mer­cial aero­space de­mand in In­dia con­tin­ues to grow at un­prece­dented rates,” said Mr Di­nesh Keskar, se­nior vice pres­i­dent, Asia Pa­cific and In­dia Sales, Boe­ing Com­mer­cial Air­planes. “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.” Sin­gle-aisle air­planes, like the 737 MAX fam­ily, will con­tinue to ac­count for the largest share of new de­liv­er­ies, with air­lines in In­dia need­ing ap­prox­i­mately 1,780 air­planes.

“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,” said Keskar. “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.”

Other im­por­tant find­ings from the an­nual out­look in­clude: -Traf­fic growth is more tha 20 per­cent, far ex­ceed­ing the global av­er­age of 7.3 per­cent

- Do­mes­tic pas­sen­ger traf­fic in­creased

23 per cent from 2016

for more than 60 per cent of all flights

Boe­ing projects a world­wide de­mand for 41,030 new air­planes over the next 20 years, with In­dia car­ri­ers need­ing more than 5.1 per cent of the to­tal global de­mand. Boe­ing’s Cur­rent Mar­ket Out­look is the long­est run­ning jet fore­cast and re­garded as the most com­pre­hen­sive anal­y­sis of the avi­a­tion in­dus­try.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.