India will need 1,000 planes in 20 years: Boeing

New Delhi: Indian carriers could require 1,000 aircraft worth 100 billion dollars over the next two decades, according to the Indian unit of the US aeronautical giant Boeing.
The bullish estimate Wednesday from Boeing-India president Dinesh Keskar, came despite the recent decision by India's largest privately owned carrier, Jet Airways, to defer delivery of seven Boeing aircraft because of declining passenger traffic.
Keskar noted that Air India, the ailing state-run carrier, had not deferred deliveries of any of 68 aircraft it had ordered.
"A phenomenal growth is likely in India as its economy is in a better shape than the rest of the world and the aviation industry will come out (of the economic slowdown) faster than other sectors," Keskar said.
Projecting annual economic growth of 6.5 percent in India over the next 20 years, Keskar said Boeing forecast the Indian market "will require 1,000 commercial jets valued at approximately 100 billion dollars" over the period.
23/07/09 PTI/Economic Times

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Categories: Indian Aviation- In General Jul 2009