India needs 1,450 new aircraft worth $175 b in 20 years: Boeing

Boeing sees signs of an improving commercial aviation market place in India. Over the next 20 years, the Boeing Current Market Outlook projects that the airlines in India will need 1,450 new airplanes worth $175 billion. Addressing reporters at Aero India 2013, Mr Dinesh Keskar, Senior VicePresident of Asia-Pacific and India Sales for Boeing Commercial Airplanes, said, “In India while traffic is dropping due to reduced capacity, yields are improving and fuel prices are stabilising in the market.” “These are all positive signs for the airlines in India,” he added. “There is now a balance between supply and demand helping airlines get reasonable yields to make a profit.” Boeing continues to be the choice supplier of long-haul, twin-aisle airplanes, with the 777 and 787 Dreamliner playing key roles in the fleets of major airlines in India.

Source: Hindu Business Line

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