Thu, Aug 05, 2010
Raised The Estimate Of Jets Sold By 15 Percent Over Next 20
Boeing forecasts that the Indian aviation market will require
1,150 commercial jets valued at approximately $130 billion over the
next 20 years -- a market representing more than four percent of
Boeing Commercial Airplanes’ worldwide forecast .
Boeing India President Dinesh Keskar shared the forecast at a
press briefing Tuesday in New Delhi that featured Boeing’s
view of India’s future commercial airplane market.
“There is strength and resilience in the India commercial
aviation sector over the long term,” Keskar said. “The
potential for future growth of air travel, both domestically and
internationally, is among the greatest in the world and Boeing will
continue its efforts to be India’s preferred partner and
India’s economy is slated to grow at 8.5 percent annually
over the forecast period. The country’s economic growth
remains among the strongest in the world, along with record growth
in air travel due to liberalization and favorable economic
Keskar said air travel in India, tied closely to the
country’s economic growth, will largely recover by 2011. The
operating environment for India’s carriers shows a positive
turn. Passenger numbers, load factors and yields have an upward
trend on domestic and international services.
“We went through the deepest recession in the history of
aviation but now India’s recovery is one of the fastest. We
believe there will be a record 50 million passengers this year if
the trend continues,” Keskar said. “If you take a broad
look at the India market, what resonates is more positive than
negative and the prospect for continued long-term growth remains
high.” Keskar noted that Indian airlines carried a record 44
million passengers in 2009 and air travel in India.
“Boeing is committed to work in partnership with India and
doing our utmost to play a role in the country’s ongoing
prosperity,” Keskar said.
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