Indian airlines to order 2,100 planes over the next 20 years

In a recent forecast by Boeing, Indian airlines are expected to order as many as 2,100 planes worth US$290 billion over the next 20 years. As per a study by FICCI-Yes Bank report titled ‘Opportunities and Financing Outlook for Aviation Sector’, this increase is led by strong passenger demand, low fuel prices, high load factor, strong local currency and strong economic growth. Indian carriers operated 496 aircraft in FY17 up from 381 in FY08. At the end of FY17, Indian airlines had ordered more than 800 planes. Boeing projects a worldwide demand for 41,030 new airplanes over the next 20 years, with India carriers needing more than 5.1 percent of the total global demand.