India in need of 1,740 new airplanes: Boeing, the world’s leading aircraft manufacturer predicted a demand of 1,740 new airplanes in the coming twenty years. The company estimated the expenditure around $240 billion.
“India’s economy and the country’s potential for air travel growth, both for leisure and business, continues to be strong and we remain confident in the Indian commercial aerospace market,” said Boeing Commercial Airplanes’ senior vice President, Asia Pacific and India Sales, Dinesh Keskar.
He released the company’s annual ‘India Current Market Outlook’ which predicts that the South Asian region would have among the highest air traffic growth of 8.6 percent.
About India, Keskar said that the biggest demand will be for single-aisle airplanes like the next-generation 737 and the new 737 MAX, even as the demand for twin-aisle airplanes like 777 and 787 Dreamliner families would continue.
“The number of low-cost carriers is projected to grow to more than 30 percent of the total Indian market. This is a highly competitive market and airlines are adapting with added capacity, moderate pricing discipline and new business models, such as the growing number of low cost carriers,” he told media persons here.
