Boeing forecasts a
demand for 2,100 new airplanes in India, valued at $290 billion, over the next
20 years. The company released the new numbers this week as part of its
annual Current Market Outlook (CMO) briefings for India.
“Commercial aerospace
demand in India continues to grow at unprecedented rates,” said Dinesh Keskar,
senior vice president, Asia Pacific and India Sales, Boeing Commercial
Airplanes. “The increasing number of passengers combined with a strong
exchange rate, low fuel prices and high load factors bodes well for India’s
aviation market, especially for the low-cost carriers.”
Single-aisle
airplanes, like the 737 MAX family, will continue to account for the largest
share of new deliveries, with airlines in India needing approximately 1,780
airplanes.
“The 737 MAX is the
fastest-selling airplane in Boeing history because customers throughout the
world, including India, want its combination of performance, flexibility and
efficiency,” said Keskar. “Boeing also continues to offer the most complete
family of widebody airplanes, as evidenced by our more than 85 percent
in-service market share in India.”
Other important
findings from the annual outlook include:
· Traffic growth is more than 20 percent, far
exceeding the global average of 7.3 percent
· Domestic passenger traffic increased 23
percent from 2016
· Low-cost carriers continue to account for more
than 60 percent of all flights
Boeing projects a worldwide
demand for 41,030 new airplanes over the next 20 years, with India carriers
needing more than 5.1 percent of the total global demand. Boeing's Current
Market Outlook is the longest running jet forecast and regarded as the most comprehensive
analysis of the aviation industry.
Forward-Looking
Information Is Subject to Risk and Uncertainty
Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "projects," "plans," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict.
Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "projects," "plans," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict.
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