BOEING FORECAST FOR NEW AIRPLANES IN INDIA
Boeing forecasts a demand for 2,100 new airplanes in India over the next 20 years, valued at $290 billion. The company released the report as part of its annual Current Market Outlook briefings for India. “Commercial aerospace demand in India continues to grow at unprecedented rates,” said 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 bode well for India’s aviation market, especially for the low-cost carriers.”Singleaisle airplanes, like the Boeing 737MAX family, will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,780 airplanes. “The Boeing 737MAX 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.” Boeing projects a worldwide demand for 41,030 new airplanes over the next 20 years, with Indian carriers needing more than 5.1 percent of the total global demand. Boeing’s Current Market Outlook is the longest running jet forecast and is regarded as the most comprehensive analysis of the aviation industry.