Boeing, at a recent press meet estimates that India will require 2,100 new airplanes valued at USD 290 billion between 2017 -2037. Almost 85 per cent or 1,780 aircraft of 2,100 aircraft will be single aisle such as Boeing 737. Boeing officials said the latest forecast of 2,100 aircraft is the highest ever for India.
“India is poised to be the third largest economy by 2037 and going forward its travel growth potential continues to be high. Traffic to, from, and within South Asia is forecast to have world-leading growth, especially out of the Indian market. Economic, demographic and regulatory trends have led to the traffic growth in India of more than 20 per cent, exceeding the global average of 7.3 per cent ASK growth,” said Dr. Dinesh Keskar, Senior Vice President-Asia Pacific & India Sales, Boeing Commercial Airplanes.
He says that the Single-aisle airplanes, like the737 MAX family, will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,780 airplanes. Keskar also informed that the company was in talks with Air India Express for Boeing 737 MAX.