Airlines in India to order up to 2100 aircraft over next 20 years: Boeing

According to Boeing Co, Indian airlines are expected to order up to 2100 new aircraft worth $290 billion over the next 20 years. “The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factor bodes well for India’s aviation market, especially for the low-cost carriers,” Dinesh Keskar, Senior Vice President-Asia Pacific and India Sales, Boeing Commercial Airplanes reportedly said. The company expects passenger growth of about eight percent in South Asia, dominated by India, over the next 20 years, compared with the world average of about 4.7 percent. Keskar added that Boeing could increase the projection next year depending on how India’s regional connectivity scheme pans out. The company also said that it expected single-aisle planes, such as the next generation 737 and 737 Max, to account for the bulk of the new deliveries, with India likely to take 1,780 such aircraft. Boeing expects worldwide demand for 41,030 aircraft over the next 20 years, putting India’s share of the total at about 5 percent.
Source: IANS