Boeing revises Indian aircraft forecast

Boeing expects Indian carriers to order 1,850 new aircraft worth US$265b over the next 20 years, up from an earlier forecast, mainly due to new aviation rules that will boost demand. In March, the company forecast that demand from India would add up to orders for 1,740 planes over 20 years. "India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world," said Dinesh Keskar, a senior Boeing VP. "With the new aviation policies in place, we even see greater opportunities, and remain confident in the market and airlines sector in India," Keskar said. Last month, India overhauled regulations governing its aviation industry, easing rules for domestic carriers to fly overseas and spreading the country's air travel boom to smaller cities by capping airfares and opening new airports. <br/>
Reuters
http://news.airwise.com/story/boeing-revises-indian-aircraft-forecast
7/19/16