BOE­ING FORE­CAST FOR NEW AIRPLANES IN IN­DIA

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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.

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