India will order $150bn worth of aircraft over two decades: Boeing
07 Jul 2011
New Delhi: In its latest market outlook, American commercial aircraft major, Boeing Co, has said that India will order 1,320 aircraft, worth $150 billion, over the next two decades. Of the projected 1,320 planes, 81% will be single-aisle and the rest twin-aisles, and that there will be no room for aircraft bigger than the Boeing 747, according to Boeing India president, Dinesh Keskar.
Globally, Boeing forecasts a market for 33,500 new passenger airplanes and freighters over the next 20 years, worth $4 trillion. It says India's share of this market will increase to 3.75%, up from less than 1% five years ago.
"Robust economic growth, rising disposable incomes and growing airport infrastructure will stimulate demand for a variety of aircraft for short and long-haul distances," Boeing India President Dinesh Keskar said.
According to Keskar, with the Indian market growing at the rate of 15% annually, about 42 aircraft ought to be delivered to the country every year to keep pace with the demand.
India had 53.6 million domestic passengers and 13.1 million international passengers during the fiscal year ended 31 March 2011.
According to Keskar, 81% of these 1,320 jets will be single-aisle aircraft like B737s (used by low-cost carriers) and 16% twin-aisles like the B777s, B787s and A350s.
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