India to need 1,750 new jets to meet demand
Airbus says India will need 1,750 new passenger and cargo aircraft over the next 20 years to meet strong demand, with the country set to become the world’s third largest aviation market by 2019/20. Of the total, Airbus forecasts the need for 1,320 new single-aisle aircraft and 430 wide-bodies. In total, the aircraft are valued at US$255b at list prices. Airbus said the growth is expected to be driven “by the fast expanding economy, rising wealth and urbanisation, [and] ambitious govt backed regional connectivity programmes. Four times as many Indians are forecast to travel by air in 2036 as today, with the market to expand by 8.1% per annum over the next 20 years. That is almost twice the global forecast of 4.4%. Domestic Indian traffic is expected to grow 5.5 times over the 2017-2036 period. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-12/general/india-to-need-1-750-new-jets-to-meet-demand
https://portal.staralliance.com/cms/logo.png
India to need 1,750 new jets to meet demand
Airbus says India will need 1,750 new passenger and cargo aircraft over the next 20 years to meet strong demand, with the country set to become the world’s third largest aviation market by 2019/20. Of the total, Airbus forecasts the need for 1,320 new single-aisle aircraft and 430 wide-bodies. In total, the aircraft are valued at US$255b at list prices. Airbus said the growth is expected to be driven “by the fast expanding economy, rising wealth and urbanisation, [and] ambitious govt backed regional connectivity programmes. Four times as many Indians are forecast to travel by air in 2036 as today, with the market to expand by 8.1% per annum over the next 20 years. That is almost twice the global forecast of 4.4%. Domestic Indian traffic is expected to grow 5.5 times over the 2017-2036 period. <br/>
