Forecast: India Will Need India 1,750 Airliners Over The Next 20 Years | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-12-10-18

Airborne Unmanned-12-11-18

Airborne Unlimited-12.12.18

AMA Drone Report-12.13.18

Airborne Unlimited-12.14.18

Airborne-YouTube

Airborne Unlimited-12-10-18

Airborne Unmanned-12-11-18

Airborne Unlimited-12.12.18

AMA Drone Report-12.13.18

Airborne Unlimited-12.14.18

Mon, Mar 12, 2018

Forecast: India Will Need India 1,750 Airliners Over The Next 20 Years

Projected Growth Almost Twice As Fast As The World Average Through The Period

India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet an exponential rise in both passenger and freight traffic, according to Airbus’ latest India Market Forecast. To help meet this growth, India will need 1,320 new single-aisle aircraft and 430 wide-body aircraft valued at $255 billion.

While much of the air traffic growth is expected to be driven by the fast expanding economy, rising wealth and urbanisation, ambitious government backed regional connectivity programmes are also set to enhance demand for air travel. By 2036, Indians will each make four times as many flights as today. As a result, traffic serving the Indian market is forecast to grow 8.1 per cent per year over the next 20 years, almost twice as fast as the world average of 4.4 per cent.

Domestic Indian traffic is expected to grow five-and-half times over the next 20 years (2017-2036) reaching the same level as U.S. domestic traffic today, making it one of the world’s fastest growing markets, according to Airbus’ latest India Market Forecast for the period.

"Make in India is at the heart of our strategy. Airbus has the largest footprint in India of any International aircraft manufacturer, nationwide across all aircraft programs. Our sourcing volume has grown 16 times over the past ten years and it is currently at more than $550 million annually,” said Srinivasan Dwarakanath, President Airbus Commercial Aircraft in India.

India is set to become the world’s third largest aviation market by 2019/20.  

(Infographic provided with Airbus news release)

FMI: www.airbus.com

Advertisement

More News

Navy Conducts Unprecedented Flyover For President George H.W. Bush

Included 21 Jets To Honor The 41st President Of The United States The act of conducting a ceremonial flyover is nothing new for naval aviators, but the flyover that occurred Dec. 6>[...]

Virgin Galactic May Reach Space This Week

Test Flight Planned With Launch Window Opening Thursday The fourth powered flight of Virgin Galactic's VSS Unity spacecraft may take the test pilots to the fringe of space. And the>[...]

Airborne-Unmanned 12.11.18: NYPD UAVs!, Airobotics Waiver, National Park Service

Also: Schiebel Wins, New Generation Robot, 'Buzzy The Drone', DHS Selects PAE ISR The NYPD has unveiled a new UAS program, which will be comprised of newly acquired UAVs, and the l>[...]

AMA Drone Report 12.06.18: No Drone Zone Nonsense, FAA's 'Buzzy', Airport Probs

Also: FAA Exec Appointment, Drone Use Standards, Censys BVLOS, Woolsey Fire Recovery Drones OK... it’s getting a little out of control... Signs have been popping up saying dr>[...]

Aero-Help Wanted: ANN REALLY Needs A Sales Pro

ANN/Airborne/Aero-TV Marketing Department Needs Part or Full Time Personnel E-I-C Note: For some reason, finding really motivated/honest/professional sales help has been a tough gi>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC