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Wednesday, 19 August 2015

India set to turn a big buyer of airplanes

Mumbai: With four new airlines starting operations recently, a few more waiting in the wings and incumbent carriers expanding their fleet to cater to the growing demand for air travel in India (domestic passengers increased 21 per cent in the first-half of 2015), American airplane manufacturer Boeing has projected that airlines in India will buy 1,740 new airplanes in the next 20 years from different manufacturers.


“Over the next 20 years, Boeing forecasts that India will need 1,740 new airplanes worth $240 billion. India’s economy and the country’s potential for air travel growth, both for leisure and business, continue to be strong and we remain confident in the Indian commercial aerospace market,” said Dinesh Keskar, Senior Vice- President, Asia Pacific & India Sales, Boeing Commercial Airplanes.
As per Boeing’s annual India Current Market Outlook (CMO), which was released in Mumbai on Thursday, the largest demand from airlines in India will be for single-aisle airplanes numbering 1,460 with estimated value of $160 billion.
Read news in full 14/08/15 Lalatendu Mishra/The Hindu
The largest demand from airlines in India will be for single-aisle airplanes numbering 1,460 with estimated value of $160 billion. File photo: V.V. Krishnan

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