Thursday June 21, 2018
Home India Boeing revise...

Boeing revises India aircraft forecast to 1,850 new Jets over 20 Years

Boeing Co expects Indian airlines to order 1,850 new aircrafts worth $265 billion over the next 20 years

0
//
205
Visitors look at models of Boeing aircrafts at the Aviation Expo China 2015, in Beijing, China, in this September 16, 2015 Image source: REUTERS/Jason Lee/Files
Republish
Reprint
  • In March 2016, the company had forecasted that demand from India would add up to orders for 1,740 planes over 20 years
  • Boeing mentioned it has more than 85 percent share of the wide-body airplane market in India
  • LCCs dominate Indian skies and account for more than 60 percent of the flights in the country

India’s commercial aerospace market has made significant headway as they see an upward curve in the demand of new aircrafts.

Boeing Co (BA.N) said on Tuesday, July 19, it expects Indian airlines to order 1,850 new aircraft worth $265 billion over the next 20 years, up from an earlier forecast, thanks to the new aviation rules that the manufacturer said will boost demand.

In March 2016, the company had forecasted that demand from India would add up to orders for 1,740 planes over 20 years.

Follow NewsGram on Twitter: Newsgram

“India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world,” said Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes.

Dinesh Keskar, Senior Vice President, Asia Pacific and India sales Boeing Commercial Airplane. Image source: www.thehindubusinessline.com
Dinesh Keskar, Senior Vice President, Asia Pacific and India sales Boeing Commercial Airplane. Image source: www.thehindubusinessline.com

“With the new aviation policies in place, we even see greater opportunities, and remain confident in the market and airlines sector in India,” Keskar said.

Last month, in June in India overhauled rules governing its aviation industry, liberalising norms for domestic carriers to fly overseas and spreading the country’s air travel boom to smaller cities by capping airfares and opening new airports.

Boeing said in an email that it forecasts single-aisle planes, such as the next generation 737 and 737 Max, to make up the bulk of new deliveries, with India likely to need about 1,560 such aircraft.

Follow NewsGram on Facebook: @NewsGram

Boeing says it has more than 85 percent share of the wide-body airplane market in India, while competitor Airbus (AIR.PA) sells the bulk of small planes preferred by low-cost carriers (LCCs) such as InterGlobe Aviation’s (INGL.NS) IndiGo.

LCCs dominate Indian skies and account for more than 60 percent of the flights in the country.

Boeing expects worldwide demand for 39,620 aircraft over the next 20 years, putting India’s share of the total at less than 5 percent. With that being said, Boeing still maintains a  bullish outlook for the country’s commercial aerospace market. (Reuters)

ALSO READ:

Click here for reuse options!
Copyright 2016 NewsGram

Next Story

Badshah: Indians Don’t Take Rapping Seriously

Sunidhi and Badshah will be judging the second season of the reality show "Dil Hai Hindustani"

0
Badshah Says, Indian Don't Take Rapping Seriously
Badshah Says, Indian Don't Take Rapping Seriously, flickr

Rapper and music composer Badshah, who is excited about his new reality show “Dil Hai Hindustani 2”, says that rapping is not taken seriously in India as an art form.

Badshah was interacting with the media at the launch of Star Plus channel’s forthcoming reality show along with singer Sunidhi Chauhan on Monday.

Badshah, who has delivered some chart-busting rap songs like “Chull”, “Saturday Saturday” and most recent “Tareefan” is eager to spread awareness about rap as an art form.

Talking about it, he said: “Rapping along with dance and stand-up comedy is not taken seriously as an art form in India and this misconception should change.”

“That is one of the main reasons why I have chosen to be a judge on the show. But apart from that, I’m here to have fun as well, and have a better connection with the audience,” he added.

Badshah
Badshah, flickr

The rapper is also gearing up to produce Bollywood and Punjabi movies and also launching a web series soon through his production house.

Talking about the future of the digital platform, Badshah said: “I think it (digital media) is the future, so it’s very important for any production house right now to concentrate on digital media.”

Sunidhi and Badshah will be judging the second season of the reality show “Dil Hai Hindustani”, along with Bollywood singer and composer Pritam.

Also read: Malaysian Rapper’s Dog Video Sparks Claim of Insulting Islam

The show, which first aired in January 2017, provides a platform for people from all over the world and of varying age groups to showcase their talent in Indian music. (IANS)