Boeing forecasts demand for 1,850 new airplanes in India

Boeing forecasts a demand for 1,850 new airplanes in India, valued at US$265bn, over the next 20 years. The company released its annual Current Market Outlook (CMO) for India on July 19th, during a briefing in Mumbai. “India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world,” said Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes. “With the new aviation policies in place, we see even greater opportunities and remain confident in the market and the airlines in India.” According to Boeing’s CMO, single-aisle airplanes such as the Next-Generation 737 and 737 MAX will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,560 airplanes. These new airplanes will continue to support the growth of low-cost carriers and replace older, less-efficient airplanes. Boeing projects a worldwide demand for 39,620 new airplanes over the next 20 years, with India carriers needing more than 4.6% of the total global demand.