• Wednesday, May 25, 2022

Business

India Requires 2300 New Airplanes Worth $320 Billion Over Next 20 Years: Boeing

According to Boeing’s Commercial Market Outlook (CMO), India’s commercial aviation industry has achieved 51 consecutive months of double-digit growth. This growth is matched in other sectors of the country’s economy (Photo: PRAKASH SINGH/AFP/Getty Images).

By: Radhakrishna N S

Boeing has raised its long-term forecast for commercial airplanes in India as unprecedented domestic passenger traffic and rapidly expanding low-cost carriers (LCCs) drive the need for 2,300 new jets- valued at $320 billion over the next two decades. This year alone, more than 10 million passengers, on average, traveled within India each month, Boeing said in a report on Wednesday (19). “To meet this increased domestic air traffic growth, we see the vast majority of available airplane seats coming from LCCs,” said Dinesh Keskar, senior vice president of Sales for Asia Pacific and India, Boeing Commercial Airplanes. “The success of…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…