<p>Aircraft manufacturing giant Boeing has said that India will now require 1,850 new aircraft valued at $265 billion over the next 20 years. <br /><br /></p>.<p>The company had said last year that India will need 1,740 new aircraft valued at $240 billion over the next 20 years.<br /><br />“India continues to have a strong commercial aerospace market, and the highest domestic traffic growth in the world,” Boeing Commercial Airplanes Senior Vice President (Asia Pacific and India Sales) Dinesh Keskar said.<br /><br />“With the new aviation policies in place, we see even greater opportunities and remain confident in the market, and the airlines in India,” Keskar added.<br /><br />Boeing has revised its aircraft projections for the next 20 years upwards by over 6%. According to Boeing, single-aisle airliners, such as the next-generation 737 and 737 MAX, will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,560 aircraft. <br /><br />These new aircraft will continue to support the growth of low-cost carriers and replace older, less-efficient planes. Boeing projects a worldwide demand for 39,620 new planes over the next 20 years, with Indian carriers needing more than 4.6% of the total global demand.<br /><br />Keskar was also hopeful of getting orders for wide-bodied planes from Indian carriers. “I am hopeful that Indian carriers will start ordering wide-bodied planes in the future. Vistara is certainly a candidate for it,” he said.<br /><br />Attributing the bullish outlook to the new aviation policy, favourable demographics and low fuel prices, Keskar said, “India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world.”<br /><br />Keskar also commented on the government’s regional connectivity push, saying even as it has capped prices, the promise of refunding 80% of losses, if any, will help the airlines drive the business.<br /></p>
<p>Aircraft manufacturing giant Boeing has said that India will now require 1,850 new aircraft valued at $265 billion over the next 20 years. <br /><br /></p>.<p>The company had said last year that India will need 1,740 new aircraft valued at $240 billion over the next 20 years.<br /><br />“India continues to have a strong commercial aerospace market, and the highest domestic traffic growth in the world,” Boeing Commercial Airplanes Senior Vice President (Asia Pacific and India Sales) Dinesh Keskar said.<br /><br />“With the new aviation policies in place, we see even greater opportunities and remain confident in the market, and the airlines in India,” Keskar added.<br /><br />Boeing has revised its aircraft projections for the next 20 years upwards by over 6%. According to Boeing, single-aisle airliners, such as the next-generation 737 and 737 MAX, will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,560 aircraft. <br /><br />These new aircraft will continue to support the growth of low-cost carriers and replace older, less-efficient planes. Boeing projects a worldwide demand for 39,620 new planes over the next 20 years, with Indian carriers needing more than 4.6% of the total global demand.<br /><br />Keskar was also hopeful of getting orders for wide-bodied planes from Indian carriers. “I am hopeful that Indian carriers will start ordering wide-bodied planes in the future. Vistara is certainly a candidate for it,” he said.<br /><br />Attributing the bullish outlook to the new aviation policy, favourable demographics and low fuel prices, Keskar said, “India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world.”<br /><br />Keskar also commented on the government’s regional connectivity push, saying even as it has capped prices, the promise of refunding 80% of losses, if any, will help the airlines drive the business.<br /></p>
