No cancellation of orders from Indian air-carriers

"None of the air-carriers have asked us for either a deferral or cancellation...We are very comfortable with the market position," Boeing's Senior Vice President, Sales (commercial airplanes), Dinesh Keskar, said, while releasing the Current Market Outlook (CMO)2008-2028 report, here today.        

"We have fortunately not contributed to over-capacity as in the last ten mnonths we have not delivered many aircraft," Keskar said.        

On the CMO, Keskar said that Boeing remained bullish about the Indian market and that the situation in the Indian aviation industry was likely to improve by end-this year.        

"We remain bullish about the Indian market. With an 8 per cent annual Revenue Passengers Kilometers (RPK) growth rate over the next 20 years, India has the highest RPK growth rate in the world," Keskar said.        

The CMO for 2008-2028 forecast suggests India would require 1,001 commercial aircraft, both passenger and frieghter, over the next 20 years, at an investment of $105 billion.