Nirmal Om newsline

Boeing Forecasts Demand for 2,300 New Airplanes in India  Record-setting domestic passenger traffic and robust domestic economy to drive the need for 2,300 new airplanes, valued at $320 billion NEW DELHI, India, Dec. 19, 2018 -- Boeing [NYSE: BA] raised its long-term forecast for commercial airplanes in India as unprecedented domestic passenger traffic and rapidly expanding low-cost carriers (LCCs) drive the need for 2,300 new jets – valued at $320 billion – over the next 20 years. This year alone, more than 10 million passengers, on average, traveled within India each month. “To meet this increased domestic air traffic growth, we see the vast majority of available airplane seats coming from LCCs,” said Keskar. “The success of this market segment will mean more than 80 percent of all new airplane deliveries in India will be single-aisles. And the superior economics and fuel efficiency of the new 737 MAX airplane will be the perfect choice for Indian carriers.” According to Boein...

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