Wednesday, November 06, 2019

India needs 2,380 aircraft worth $330 billion in next 20 yrs: Boeing

Presenting a bullish outlook on demand from Indian airliners, Boeing announced on Wednesday the country would be the world's fastest-growing aviation market over the next 20 years.
Speaking in New Delhi, Darren Hulst, Boeing deputy vice president of commercial marketing, was quoted as saying Indian airliners would require 2,380 new aircraft, worth approximately $330 billion, over the next 20 years. According to Reuters, passenger traffic in India has risen around 20 per cent in recent years, making it one of the fastest-growing civil aviation markets. However, growth was hit this year by the collapse of Jet Airways and a slowing economy.
Hulst sought to boost confidence in the fate of Boeing 737 MAX model, which has been grounded worldwide after fatal crashes in Indonesia and Ethiopia. Bloomberg reported Hulst had claimed Boeing was working with US regulators to get the 737 MAX back into service in that country in this quarter itself.
06/11/19 The Week

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