- LATEST
- WEBSTORY
- TRENDING
BUSINESS
2,300 planes worth Rs 22 lakh crore in next 20 year: Boeing's forecast shows Indian aviation is flying high
Indian airlines are projected to need 2,300 planes worth USD 320 billion in the next 20 years amid unprecedented domestic passenger growth, aircraft maker Boeing said Wednesday as it raised the forecast for the country.
DNA Web Team | Dec 19, 2018, 04:35 PM IST
1.Forecast for 2018-2037
As much as 85 per cent of the planes would be narrow-body and the rest would be wide-body.
The forecast is for the 2018-2037 period.
2.India need 1,940 single-aisle planes
According to Boeing, India would need 1,940 single-aisle planes worth USD 220 billion and 350 wide-body aircraft valued at USD 100 billion.
At current exchange rate, USD 320 billion is over Rs 22 lakh crore.
Around 10 regional jets worth less than USD 1 billion would be needed during the 2018-2037 period.
"India continues to grow at a faster pace," Dinesh Keskar, Senior Vice President (Asia Pacific & India Sales) at Boeing Commercial Airplanes said here.
3.India growing at a faster space
Around 10 regional jets worth less than USD 1 billion would be needed during the 2018-2037 period.
"India continues to grow at a faster pace," Dinesh Keskar, Senior Vice President (Asia Pacific & India Sales) at Boeing Commercial Airplanes said here.
4.Quite challenging
Keskar also noted that aviation market in India is "quite challenging" as most airlines are not making money even as there is strong passenger growth.
He noted that exchange rate, fuel prices and fare yields are the challenges.
TRENDING NOW
)
Meet Kashish Chaudhary, first Hindu woman assistant commissioner in Balochistan
)
From Chandrachur Singh to Kumar Gaurav: Six 90s stars who aged like fine wine, 2 look unrecongisable
)
SS Rajamouli's wife Rama, Sandeep Reddy Vanga's wife Manisha, Priyadarshan's ex-wife: Meet lesser-known wives of Indian filmmakers and know their net worth
SS Rajamouli's wife Rama, Sandeep Reddy Vanga's wife Manisha, Priyadarshan's ex-wife: Meet lesser-known wives of Indian filmmakers and know their net worth
)
Dharmendra's lucky shirt that made him star, he wore it from 1968 to 1970, did 3 films in it, all became blockbusters, they were...
5.Boeing raises long-term forecast
Boeing has raised its long-term forecast for commercial airplanes in India citing unprecedented domestic passenger traffic and rapidly expanding Low Cost Carriers (LCCs).
6.More than 10 million passengers travelled within India
In August last year, Boeing projected that India would need 2,100 commercial planes worth USD 290 billion.
It noted that this year alone, more than 10 million passengers, on average, travelled within India each month.
"To meet this increased domestic air traffic growth, we see the vast majority of available airplane seats coming from LCCs," Keskar said.
The success of this market segment would mean more than 80 per cent of all new airplane deliveries in the country would be single-aisles, he added.
7.New 737 MAX airplane perfect choice
According to him, the superior economics and fuel efficiency of the new 737 MAX airplane would be the perfect choice for Indian carriers.
India is the fastest growing domestic aviation market in the world and registered 50th straight month of double-digit growth in October.
"Boeing continues to develop new fuel efficient airplanes and market leading services to address the needs of our customers in India," Keskar said.
