Boeing raises India sales forecast by 10%

New Delhi: Boeing, the world's second-biggest commercial aircraft maker, has raised India's 20-year aircraft sales outlook by 10 per cent on expectation of a rise in travel demand.
Boeing projected a demand for 1,001 aircraft from 2008 to 2027, which is worth more than $105 billion at current list prices of aircraft around 10 per cent more than its last year's outlook for 2007-2026, which stood at 911 aircraft.
Of these, 24 will be freighter aircraft while the rest will be passenger planes.
"We have developed the forecast in a manner that considers today's market environment but, more importantly, takes a long-term view of this dynamic industry and the fundamentals that drive commercial aviation," Dinesh Keskar, senior vice-president (sales), Boeing, said in New Delhi.
As many as 313.72 million people are expected to travel by air by 2012 from the present level of 116 million, KPMG said in a report in June. Record economic growth and introduction of discount carriers have made air travel more affordable in India, the world's second fastest-growing major economy.
The 2008 outlook for India included 59 regional jets, 728 single aisle, 203 twin aisle and 11,747 and larger aircraft. Compared with last year's forecast, Boeing projected a 9 per cent increase in demand for single aisle aircraft and 18 per cent increase in demand for twin aisle aircraft.
24/07/08 Business Standard

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Categories: Foreign Jul 2008, Indian Aviation- In General Jul 2008