Boeing stated (07-Feb-2013) it sees signs of an improving commercial aviation market place in India, according to Boeing Commercial Airplanes senior VP Asia Pacific and India sales Dinesh Keskar. Dr Keskar said while traffic is dropping due to reduced capacity, yields are improving and fuel prices are stabilising in the market. “These are all positive signs for the airlines in India,” said Dr Keskar. “There is now a balance between supply and demand helping airlines get reasonable yields to make a profit.” He also noted the 777 and 787 aircraft are "playing key roles in the fleets of major airlines in India". He also said over the next 20 years, the Boeing Current Market Outlook projects that the airlines in India will need 1450 new airplanes worth USD175 billion. The 20-year forecast (2012 through 2031) of airplane deliveries by airplane type is as follows:
- Single-aisle: 1201 deliveries valued at USD114 billion. Boeing said: "Single-aisle airplanes such as the Next-Generation 737 and new 737 MAX continue to be in high demand with airlines in India, making up the bulk of new deliveries in the next 20 year period";
- Twin-aisle: 234 deliveries valued at USD61 billion;
- Regional jets: 15 deliveries valued at USD500 million.
Dr Keskar added: “Because fuel prices are higher in India, our newest products such as the 737 MAX will help airlines in India save fuel and lower their costs. In addition the capabilities of the 737 MAX will allow airlines to fly passengers farther and in more comfort with the Boeing Sky Interior.” [more - original PR]