Boeing: Narrowbodies to account for 85% of large aircraft demand in India over next 20 years

Boeing forecast (19-Jul-2016) demand for 1850 new aircraft for India, valued at USD265 billion, over the next 20 years. Boeing noted traffic growth in India remains the highest in the world at 8.6%, with domestic passenger traffic increasing 21% from 2015. LCCs account for more than 60% of all flights. Details of the aircraft delivery forecast for 2016 to 2035 include:

• Regional jets (under 90 seats): 10, valued at USD1 billion;
• Narrowbodies (90-230 seats): 1560, valued at USD1560 billion;
• Widebody: (more than 200 seats): 280, valued at USD85 billion;
• Total: 1850, 4.6% of global aircraft demand and 4.5% of demand by dollar value. [more - original PR]

Boeing Commercial Airplanes: "India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world. With the new aviation policies in place, we see even greater opportunities and remain confident in the market and the airlines in India." said Dinesh Keskar, SVP, Asia Pacific and India sales. Source: Boeing Commercial Airplanes. 19-Jul-2016.