Indian carriers likely to buy more planes

Boeing Co. raised the 20-year aircraft sales outlook in India as rising disposable incomes boost travel demand there.
India's carriers may buy 1,001 new planes worth $105 billion in the next two decades, the planemaker said in a release in Mumbai on Wednesday. Chicago-based Boeing had last year forecast sales of 911 new passenger planes worth $86 billion during 2007-26.
Record economic expansion and the start of discount carriers have made air travel more affordable in India. The nation's air traffic may rise to as many as 313.72 million people by 2012, from 116 million today, KPMG said in a report.
"Strong economic growth has driven and will continue to drive demand for air travel," Dinesh Keskar, senior vice president of sales at Boeing, said at a press conference. "In spite of all the problems, the market fundamentals here are solid."
24/07/08 Chicago Tribune, United States

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Categories: Indian Aviation- In General Jul 2008