IN­DIAN LCCs: DO­MES­TIC MAR­KET HAS SEEN IM­PRES­SIVE GROWTH

SP's Airbuz - - Industry Forecast -

” 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.

All Charts and Graph­ics: Com­mer­cial Sales & Mar­ket­ing. Copy­right © 2019 Boe­ing. All rights re­served.

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