Boeing and Airbus eye Indian growth
Boeing and Airbus say they expect Indian carriers to order up to 1740 aircraft over the next 20 years, as manufacturers eye one of the world's fastest-growing aviation markets to offset any weaker sales elsewhere. Boeing said falling fuel prices, increasing numbers of Indians wealthy enough to travel by air and improved airport infrastructure would boost orders. The company expects airlines to buy 1740 planes worth US$240b by 2034, its senior VP for Asia-Pacific and India sales said. Airbus, at the same event, said it forecasts India will require more than 1,600 passenger and freight aircraft, three-quarters of them narrow-body jets, over the next 20 years, offering $224b worth of business. Aircraft executives are looking to India to support sales after global economic uncertainty overshadowed recent aviation shows in Singapore and Dubai. <br/>
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Boeing and Airbus eye Indian growth
Boeing and Airbus say they expect Indian carriers to order up to 1740 aircraft over the next 20 years, as manufacturers eye one of the world's fastest-growing aviation markets to offset any weaker sales elsewhere. Boeing said falling fuel prices, increasing numbers of Indians wealthy enough to travel by air and improved airport infrastructure would boost orders. The company expects airlines to buy 1740 planes worth US$240b by 2034, its senior VP for Asia-Pacific and India sales said. Airbus, at the same event, said it forecasts India will require more than 1,600 passenger and freight aircraft, three-quarters of them narrow-body jets, over the next 20 years, offering $224b worth of business. Aircraft executives are looking to India to support sales after global economic uncertainty overshadowed recent aviation shows in Singapore and Dubai. <br/>
