20-year Current Market Outlook Shows Continued Strength In The Single-Aisle Sector

Boeing is forecasting a demand for 1,850 new airplanes in India, valued at $265 billion, over the next 20 years. The company on Tuesday released its annual Current Market Outlook (CMO) for India 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 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’s strong orders and deliveries for the Next-Generation 737 and 737 MAX underscore how we are meeting our customers’ demands and expectations, offering them the most fuel efficient, reliable and capable airplanes,” said Keskar. “We also continue to be the preferred choice for widebody airplanes in India, with more than 85 percent of the market share.”

(Source: Boeing news release. Image from file)

FMI: www.boeing.com