Indian aircraft market worth US$290b over 20 years
Boeing has forecast demand for 2,100 new commercial aircraft in India over the next 20 years, worth US$290b in sales. The forecast, part of Boeing’s Current Market Outlook for India, forecast traffic growth at more than 20%, with LCCs accounting for over 60% of flights. “Commercial aerospace demand in India continues to grow at unprecedented rates,” Boeing SVP Dinesh Keskar said. “The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factors bodes well for India’s aviation market, especially for the low-cost carriers.” Single aisle aircraft will continue to form the largest segment of sales to India, with a forecast of just under 1,800 planes as LCCs continue to grow rapidly. The wide-body segment of the market will see orders for 310 aircraft. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-08-01/general/indian-aircraft-market-worth-us-290b-over-20-years
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Indian aircraft market worth US$290b over 20 years
Boeing has forecast demand for 2,100 new commercial aircraft in India over the next 20 years, worth US$290b in sales. The forecast, part of Boeing’s Current Market Outlook for India, forecast traffic growth at more than 20%, with LCCs accounting for over 60% of flights. “Commercial aerospace demand in India continues to grow at unprecedented rates,” Boeing SVP Dinesh Keskar said. “The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factors bodes well for India’s aviation market, especially for the low-cost carriers.” Single aisle aircraft will continue to form the largest segment of sales to India, with a forecast of just under 1,800 planes as LCCs continue to grow rapidly. The wide-body segment of the market will see orders for 310 aircraft. <br/>
