Indian carriers to add 911 more aircraft in 20 yrs!

US-based aircraft manufacturer Boeing predicts that India will require 911 new aircraft over the next 20 years, which is almost 50 more aircraft every year, reports CNBC-TV18.
Today airline companies in India have more aircraft on order than up in the sky! Over the last two years, airlines in India have ordered over 350 aircraft - significantly more than the 250 that they have added over the last 50 years. And, this USD 40 billion order size is set to double in the next 20 years. Boeing says India will add 911 aircraft worth USD 86 billion by 2027. But it also adds that like most other markets, India wiill need more smaller aircraft rather than the A-380 variety.
Boeing says that over 70% of aircraft in India will be small. And, while Boeing's forecasts for India seems quite optimistic, it still has concern over the sustianbility of airline companies in India.
Boeing feels that India has shopped for enough aircraft to last it through 2012. It expects big orders like the 68 aircraft Air India order to slow down for sometime though smaller orders of 5-10 aircraft will keep trickling in.
01/08/07 Moneycontrol.com

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Categories: General Aviation Aug 2007