Boeing Gung-ho about India Market Growth | Aviation International News

Boeing Gung-ho about India Market Growth

But US airframer voices concerns over falling yields

By Neelam Mathews

December 20, 2018

Boeing upholds its buoyant outlook of the Indian market and raised its long-term forecast for new aircraft demand for the fifth consecutive year, projecting the country’s airlines will need 2,300 new jets by 2037. This is 9.5 percent more than its previous prediction for a supply of 2,100 new aircraft by 2036 made last year and compares with a forecast for some 1,600 new jets predicted back in 2014. If the revised outlook materializes, Indian airlines would almost quadruple their fleet over the next two decades. The Indian commercial fleet stood at 620 aircraft at the end of July, according to data of the Directorate General of Civil Aviation.

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