India may need 1,850 planes: Boeing
Boeing’s annual report indicates that traffic growth in India remains the highest in the world at 8.6 per cent, with domestic passenger traffic increasing 21 per cent from 2015.
According to Boeing’s annual Current Market Outlook (CMO) for India that it released recently, there will be a demand for 1,850 new airplanes in India, valued at $265 billion, over the next 20 years. Dinesh Keskar, Senior VP (Asia Pacific and India Sales), Boeing Commercial With the new aviation policy, we see even greater opportunities and the market and the airlines in India
Airplanes, said, “India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world. With the new aviation policies in place, we see even greater opportunities and remain confident in the market and the airlines in India.”
According to Boeing’s CMO, single-aisle airplanes such as the Next-Generation 737 and 737 MAX will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,560 airplanes. These new airplanes will continue to support the growth of low-cost carriers and replace older, less-efficient airplanes. Boeing projects a worldwide demand for 39,620 new airplanes over the next 20 years, with India carriers needing more than 4.6 per cent of the total global demand.
Other key highlights from the annual outlook include:
Traffic growth in India remains the highest in the world at 8.6 per cent
Domestic passenger traffic increased 21 per cent from 2015
Low-cost carrier airlines account for more than 60 per cent of all flights