'Needed: 1,740 more planes by 2035'

'Needed: 1,740 more planes by 2035'

 Aircraft manufacturer Boeing on Wednesday said that India will need 1,740 more aircraft valued at around $240 million in next 20 years, as it revised its forecast two years ago by 290.

Publicising its forecast for 2015-34, Boeing Senior Vice President (Asia Pacific and India Sales) Dinesh Keskar said, India’s economy and the country’s potential for air travel growth continues to be strong. “We remain confident in the Indian commercial aerospace market,” he said.

“The Indian market is highly competitive and airlines are adapting with added capacity, moderate pricing discipline and new business models, such as the growing number of low-cost carriers,” Keskar told a press conference.

Of the 1,740 aircraft, the Boeing forecast said, 1,460 would be single-aisle narrow-bodied aircraft.

In its 2013 forecast, Boeing had said that India would require about 1,450 aircraft over the next 20 years.

Internationally, Keskar said that airlines across the world would need 38,050 new planes valued at $5.6 trillion. Asia would be the biggest market in the next 20 years, needing 14,330 planes.

Deliberating on why India would need more aircraft, he said, domestic passenger traffic is at the highest level.  In 2014, 66.4 million passengers flew, while Boeing predicts it would touch 75 million this year.

Flight Plan

Boeing says India needs 1,740 more aircraft ataround $240 mn
Most demand fromairlines in India would befor single-aisle aircraft
Airlines across the world would need 38,050 new planes valued at $5.6 tn

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