Boeing sees India demand at $130 bn

New Delhi: As airlines emerge from a deep economic slump and chart the recovery path, the US-based aircraft manufacturer Boeing Co has raised its commercial aircraft sales forecast for India.
The revised forecast said that the company expects Indian carriers to place orders for 1,150 planes by 2030, valued at $130 billion. It had previously forecast that India would need 1,000 aircraft worth $100 billion by 2029.
“There is strength and resilience in India’s commercial aviation sector over the long term,” said Dinesh Keskar, president, Boeing India. “The potential for future growth of air travel, both domestically and internationally, is among the greatest in the world and Boeing will continue with its efforts to be India’s preferred partner and aerospace provider.” As the world economy shrank during 2008-2009, the airlines were faced with higher operating costs on account of huge fuel bills.
04/08/10 Indian Express

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Categories: Foreign Aug 2010