Boeing Spices Up India Forecast

India will require 1,740 new aircraft worth $240 billion over the next 20 years, according to Boeing’s latest forecast.

India will require 1,740 new aircraft worth $240 billion over the next 20 years, according to Boeing’s latest forecast. Estimating annual traffic growth at 8.6 per cent, Boeing reckons the country will need 140 more aircraft than its 2014 forecast predicted, taking India’s share of the global fleet to 4.6 per cent by 2034. Narrowbodies will be most popular, with 1,460 new aircraft required, while up to 260 new widebodies could be delivered. "The Indian market is highly competitive and airlines are adapting with added capacity, moderate pricing discipline and new business models, such as the growing number of low cost carriers,” said Dinesh Keskar, senior vice president of Asia Pacific and India sales, Boeing Commercial Airplanes.

TAGS: Asia
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish