HIGH POTENTIAL
Upbeat as always about the Indian market, Keskar described India as the “big gorilla” and the “shining star” while releasing the Boeing 2012 India Market Outlook on September 4. He said that India’s commercial aviation fleet is likely to grow by 4.5 times
Upbeat as always about the Indian market, Dinesh Keskar, President of Boeing India, said that India’s commercial aviation fleet is likely to grow by 4.5 times in size in the next 20 years.
BY THE END OF
2013, Boeing will manufacture 10 787 Dreamliners every month, i.e. 120 airplanes a year, declared Dr Dinesh Keskar, President Boeing India. He informed that three 787 Dreamliners are ready for delivery to Air India; required clearances have been taken from the Federal Aviation Administration (FAA) and the Directorate General of Civil Aviation (DGCA); and 64 pilots of Air India have already been trained on the aircraft. Later on September 8, Air India’s first Dreamliner arrived in India.
Buoyant as always about the Indian market, Keskar described India as the “big gorilla” and the “shining star” while releasing the Boeing 2012 India Market Outlook on September 4. “India has huge potential. We say that every year and it’s not different this time. By 2021 India’s economy will be the fifth largest in the world, and by 2031 the fourth largest, and so we are bullish.”
He said that India’s commercial aviation fleet is likely to grow by 4.5 times in size in the next 20 years. “India’s airlines have experienced rapid traffic and capacity growth since 2001. Despite the challenges, India will continue to have one of the strongest, vibrant aviation markets in the world.”
Stating that India is projected to have the highest passenger traffic growth in the world, Keskar forecasts that India’s airlines will take deliveries of 1,450 airplanes valued at about $175 billion (`9,62,500 crore) in the next two decades. And globally, with increasing orders from India, China and other emerging markets; the company projects a $4.5 trillion (`2,47,50,000 crore) market for 34,000 airplanes over the next 20 years. “South Asia will experience highest traffic growth in the world at 8.4 per cent.”
Boeing predicts that over 60 million passengers will fly within India this year. In 2012-13, India will take delivery of 1,201 single- aisle aircraft valued at $114 billion (` 6,27,000