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.