India, China to drive growth in new airplanes delivery: Boeing

New Delhi: Robust growth in India and China along with other emerging markets will be the major factor behind the increased delivery of new airplanes over the next 20 years. In addition to this, low cost carriers, with their ability to stimulate traffic with low fares, are growing faster than the market as a whole, leading to a strong demand to replace older, less fuel-efficient airplanes.
The Boeing 2012 Current Market Outlook released on Tuesday projects a $4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size. The market for new airplanes is set to become more geographically balanced in the next two decades. Asia-Pacific, including India and China, will continue to lead the way in total airplane deliveries.
“It’s incredible to see just how much air travel has changed since I took my first flight back in 1977, says Randy Tinseth, Vice-President, Marketing, Boeing Commercial Airplanes.
03/07/12 The Hindu

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Categories: Foreign Jul 2012, Indian Aviation- In General Jul 2012