Boeing sees India to order up to 2,100 planes over 20 yrs

Boeing said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia’s third-largest economy. The planemaker said 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 planes. India is one of the world’s fastest-growing aviation markets, with domestic passenger traffic growing at around 20 percent in the past few 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,” said Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes. The world’s biggest maker of jetliners said it expected passenger growth of about 8 percent in South Asia, dominated by India, over the next 20 years, compared with the world average of about 4.7 percent. Last year, India overhauled rules governing its aviation industry, liberalizing norms for domestic carriers to fly overseas and incentivising air travel to smaller cities by capping air fares and opening airports. Boeing could increase its demand forecast next year depending on how quickly India’s plan for regional connectivity takes off, Keskar added.

Source: Civil Aviation Authority, Qatar