Hyderabad: Boeing and Airbus on Thursday said Indian carriers would need a bigger fleet in future. While Boeing’s forecast indicated India would require 1,600 planes valued at $205 bn in the next 20 years, Airbus estimated the demand to be 1,290 aircraft worth $190 bn between now and 2032.
The latest Boeing forecast was higher than the 1,450 aircraft worth $175 billion it had projected last year. Meanwhile, the projection by Airbus expects the aircraft demand to be higher by 248 from its earlier estimate.
"Indian market is pretty attractive for sustained growth in air transportation," said Dinesh A Keskar, senior vice-president (sales), Asia Pacific and India.
Our forecast is pretty much in line with what the Indian government was thinking, he added.
"My forecast in 2000 highlighted Boeing would do $25 billion sales up to 2020. However, we have done more than that in the last four years," said Keskar.
According to Civil Aviation Minister Ajit Singh, India's airplane fleet would grow to 1,000 from the existing 400, making it the world's third largest market after the US and China by 2020.
14/03/14 Business Standard
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The latest Boeing forecast was higher than the 1,450 aircraft worth $175 billion it had projected last year. Meanwhile, the projection by Airbus expects the aircraft demand to be higher by 248 from its earlier estimate.
"Indian market is pretty attractive for sustained growth in air transportation," said Dinesh A Keskar, senior vice-president (sales), Asia Pacific and India.
Our forecast is pretty much in line with what the Indian government was thinking, he added.
"My forecast in 2000 highlighted Boeing would do $25 billion sales up to 2020. However, we have done more than that in the last four years," said Keskar.
According to Civil Aviation Minister Ajit Singh, India's airplane fleet would grow to 1,000 from the existing 400, making it the world's third largest market after the US and China by 2020.
14/03/14 Business Standard
