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Boeing raises Indian industry forecast by 15%

4-Aug-2010 11:11 AM

Boeing has raised its 20-year forecast for Indian aircraft demand by 15% as rapid economic growth encourages air travel (Bloomberg/Hindustan Times, 03-Aug-2010). India is forecast to require 1,150 new commercial aircraft worth USD130 billion by 2029, according to Boeing, an increase from its previous forecast of 1,000 aircraft worth USD100 billion.

Boeing: "We believe there will be a record 50 million passengers this year if the trend continues ... due to rising GDP and disposable incomes, availability of airports and Terminals like T3," Dinesh Keskar, India Boeing India. Source: Hindustan Times, 03-Aug-2010.

Boeing: “There is strength and resilience in the Indian commercial sector … The potential for future growth of air travel, both domestically and internationally, is among the greatest in the world.” Dinesh Keskar, India Boeing India. Source: Hindustan Times, 03-Aug-2010.