INDIAN LCCs: DOMESTIC MARKET HAS SEEN IMPRESSIVE GROWTH
” It is impressive to witness the passenger growth in India. This market continues to be one of the fastest-growing in the world. Over the past decade, domestic air traffic has tripled, while international air traffic has more than doubled. And we see tremendous potential for even more growth as India’s middle class expands and more consumers are able to fly,” said Hulst.
“In the next few years, we see commercial operators expanding their networks to offer more direct flights domestically and open new long-distance options for passengers.” he added.
“To support this successful and continued growth of the aviation market in India, Boeing is committed to developing the Indian aerospace ecosystem,” said Salil Gupte, President of Boeing India. “Our ongoing investments in India span across development of aerospace technology, innovation, production capacity, supply chain, aerospace skilling centres, manufacturing and modernisation of airport infrastructure and airspace,” added Gupte.
Significantly, there are no plans to set up a Boeing assembly line in the fastest growing market. “There’s no roadmap to shift airframe assembly outside of the US,” Gupte said in a response to a question by Jayant Baranwal, Editor-in-Chief of the SP’s AirBuz.