India will need aircraft worth USD 265 bn in 20 years: Boeing

• Posted in Aviation
• on July 20, 2016
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Boeing Corporation today sounded bullish about the Indian aviation sector, the fastest-growing market in the world in terms of passenger traffic, saying the country will need as many as 1,850 new airplanes worth USD 265 billion over the next 20 years.
The Seattle-based aircraft maker had last year predicted a demand for 1,740 new airplanes valued at USD 240 billion over the next 20 years.
This rising demand will be driven by single-aisle planes such as the 737 Max and Next-Generation 737s from Boeing and A320 Neos from its arch rival Airbus, according to Dinesh Keskar, Senior Vice-President for Asia Pacific and India, Boeing Commercial Airplanes.
He was talking to reporters here while releasing Boeing’s ‘Current market outlook for India’ report. Julius Peppers Jersey

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