Lokesh Goswami | Ashish Tiwari
Boeing, an expert in Aviation industry forecasted a demand for 2,100 new airplanes in India, valued at $290 billion, over the next 20 years. The company released the new numbers as part of its annual Current Market Outlook (CMO) for India during a briefing in New Delhi on Monday.
Commercial aerospace demand in India continues to grow at unprecedented rates, said Dinesh Keskar, senior vice president of 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.
Talking about the fastest selling airplane, he said that, The 737 MAX is the fastest selling airplane in Boeing history because customers throughout the world, including India wants combination of performance, flexibility and efficiency. 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, he added.
