Boeing expects India to
order up to 2,100 aircraft over 20 years
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[July 31, 2017]
NEW DELHI (Reuters) - Boeing Co said
on Monday it expects Indian airlines to order up to 2,100 new aircraft
worth $290 billion over the next 20 years, calling it the highest-ever
forecast for Asia's third-largest economy.
India is one of the world's fastest-growing aviation markets with
domestic passenger traffic growing at more than 20 percent a year over
the last few years.
"The increasing number of passengers combined with a strong exchange
rate, low fuel prices and high load factor bodes well for India's
aviation market, especially for the low-cost carriers," said Dinesh
Keskar, senior vice president, Asia Pacific and India sales at Boeing
The world's biggest maker of jetliners said it expected passenger growth
of about 8 percent in South Asia, dominated by India, over the next 20
years, compared with the world average of about 4.7 percent.
Boeing could increase the projection next year depending on how India's
regional connectivity scheme pans out, Dinesh Keskar added.
Last year, India overhauled rules governing its aviation industry,
liberalizing norms for domestic carriers to fly overseas and spreading
the country's air travel boom to smaller cities by capping air fares and
Boeing said it expected single-aisle planes, such as the next generation
737 and 737 Max, to account for the bulk of the new deliveries, with
India likely to take 1,780 such aircraft.
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An Air India Airlines
Boeing 787 dreamliner takes part in a flying display during the 50th
Paris Air Show at the Le Bourget airport near Paris, June 14, 2013.
REUTERS/Pascal Rossignol/File Photo
The U.S. planemaker dominates the wide-body aeroplane market in India, while
competitor Airbus SE sells the bulk of small planes preferred by low-cost
carriers (LCCs) such as InterGlobe Aviation Ltd's IndiGo.
Low-cost carriers dominate Indian skies and account for more than 60 percent of
flights in the country.
Boeing plans to plug this gap in its portfolio with the 737 MAX 10 single-aisle
jet which it launched at an air show in Paris in June, following runaway sales
of Airbus' A321neo.
Boeing expects worldwide demand for 41,030 aircraft over the next 20 years,
putting India's share of the total at about 5 percent.
(Reporting by Aditi Shah and Abhirup Roy; Editing by Christopher Cushing)
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