Airbus, Boeing see sharp growth in Indian demand

Despite a slowdown in the economy and the aviation sector, Airbus and Boeing have projected a sharp growth in the demand for aircraft in India. Close on the heels of Boeing predicting that India will need 1,001 aircraft in the next 20 years, Airbus has forecast that the sector will require 1,100 aircraft in the next 25 years.
Says Justin Dubon, regional press manager for Airbus, “India is a promising market for us. Our forecast takes into account the industry’s near-term challenges, including surging fuel prices and slowing air traffic growth. Yet, we foresee a strong demand for aircraft because
India is the third largest in terms of purchasing power parity. It is also projected to be the seventh largest economy by 2017.” It has predicted that the Indian market will need 1,100 passenger and freighter aircraft valued at $105 billion over the next 25 years. Since 2005, Airbus has bagged over 295 orders from Indian carriers valued roughly at $22 billion.
The aircraft manufacturer, popular for its A 300s family of aircraft, has many clients in India, including Kingfisher, which has placed an order for 64 aircraft, Air Deccan (72), Jet Airways (10), Indigo (100), Indian (43) and GoAir (10).
Boeing, on the other hand, has orders worth $25 billion from Indian carriers. That include 68 aircraft orders from national carrier Air India, 63 from Jet Airways, 30 from SpiceJet and three from the Indian Air Force.
04/08/08 Shaheen Mansuri/Financial Express

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