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India needs 2,100 new planes in 20 years: Boeing

IANS  |  Hyderabad 

Forecasting India's market in the next two decades, commercial airplanes Senior (Sales), and India, Dr on Thursday said airlines in will require 2,100 airplanes costing $290 billion.

He was making a power-point presentation on the first day of Wings 2018 show at here.

He said is recording more than 20 per cent growth in air traffic, which is far above the global average of 7.3 per cent. The domestic traffic exceeded 116.7 million passengers last year.

Over the last five years, Indian domestic passenger traffic has been at the highest levels and the appreciation in the rupee value has helped airlines maintain the profitability.

This is despite the higher fuel costs. Lower fares and increased load factors have enhanced the profitability.

He pointed out that fuel prices have risen 81 per cent since early 2016. Indian carriers pay 110 per cent more for fuel than the US carriers.

about the order book at hand, Dr Dinesh said that out of 4,306 orders from 92 countries for 737 MAX, it has delivered 74 aircraft to 17 customers as of January 19.

Delivery of 737 MAX for and for Spice Jet is slated for mid-2018.

continues to develop new fuel efficient airplanes to address the need of customers particularly India.

--IANS

str/tsb

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 23:48 IST
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