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Boeing revises India aircraft forecast to 1,850 new jets over 20 years

In March, the company had forecasted that demand from India would add up to orders for 1,740 planes over 20 years.

, ET Bureau|
Updated: Jul 19, 2016, 07.04 PM IST
MUMBAI: American plane-maker Boeing Tuesday forecast a demand for 1,850 new planes worth $265 billion in India in the next 20 years.

“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,” he added.

The government recently introduced a new set of policies for the aviation industry, relaxing rules for flying international introducing a set of guidelines to promote air travel in India’s smaller cities.

According to Boeing’s last forecast, 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 worth $180 billion.

Boeing also said said it is bullish about demand in India, given traffic growth in the country remains the highest in the world at 8.6%.

The plane-maker also said there would be a demand for 280 widebodied planes worth $85 billion.

Boeing has projected a worldwide demand for 39,620 new airplanes over the next 20 years, with India carriers needing more than 4.6 percent of the total global demand.

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