Boeing believes India needs 911 new commercial passenger aircraft by 2017

Boeing believes India needs 911 new commercial passenger aircraft by 2017

US based aircraft manufacturer Boeing has said in a statement that as per their estimates, India would need an additional 911 commercial passenger aircraft worth $86 billion over the next 20 years.

India is a growing economy and air travel has in recent times become a growing industry with budget airline companies making it cheaper for people to reach their destinations faster.

Dinesh Keskar, senior vice president of sales for Boeing Commercial Airplanes said in a statement: “The current market outlook (CMO) for India is for 55 regional jets, 674 single aisles, 173 twin aisles and nine 747s and larger airplanes. The CMO projects that commercial airplanes in the 80-400 seat categories will account for most of the growth in air travel over the next 20 years.”

Keskar added: “I don’t see the need for large planes like the 747s or the Airbus A380 in this country as demand will come from the twin-aisle aircraft, used for point-to-point strategy.”

Keskar further said about the freight market: “It is so much in infancy we need to study it more. There are some signs of its growth but it is not enough to make long term prediction as to how fast it would grow.”