Boeing forecasts demand for 2,380 new aircraft in India by 2038
5 years, 2 months ago

Boeing forecasts demand for 2,380 new aircraft in India by 2038

India TV News  

Global aerospace major Boeing expects a demand for 2,380 new aircraft in India, valued at $330 billion, over the next 20 years. According to the Boeing's annual India Commercial Market Outlook 2019, factors such as exponential domestic passenger traffic growth, new long-haul opportunities and infrastructure development will lead to the fulfilment of the demand forecast. "In India, single-aisles will lead the demand for airplane deliveries -- comprising 87 per cent of all new airplanes -- to meet requirements for domestic network connections and service to new airports. As per the CMO, many of the new airplanes will replace aging aircraft and help operators grow their network as India's airplane fleet is projected to quadruple in size to approximately 2,500 aircraft by 2038.

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