Reported By:
| Edited By: |Source: Reuters |Updated: Mar 17, 2018, 04:56 AM IST
US aircraft manufacturer Boeing Co expects Indian aviation sector will require 1,150 commercial jets valued at $135 billion over the next 20 years, Dinesh Keskar, its India chief said on Tuesday.
"This is a market representing more than 4% of Boeing commercial airplanes'' worldwide forecast," Keskar told reporters.
"There is strength and resilience in the Indian commercial aviation sector over the long term."
Air travel in India is closely tied to the country's economic growth and is largely expected to revive by 2011, Keskar said.
"We went through the deepest recession in the history of aviation but now India's recovery is one of the fastest," he said.
"We believe there will be a record 50 million passengers this year if the trend continues."
Indian airlines carried 44 million passengers in 2009.
