Boeing predicted on February 14 that India will require approximately 2,210 new planes over the next two decades, with 1,983 of them being single-aisle jets.
Boeing announced its 2022 Commercial Market Outlook (CMO) for India, stating that the country's traffic has moved from recovery to growth, owing largely to the strength of the domestic market, which has recovered to 98% of pre-pandemic levels.
Growth in the domestic market is predicted to more than double by the end of this decade.
“In comparison to 2019, Indian airlines will increase supply by 7% in the first half of 2023.
Boeing predicts that over the next 20 years, 90% of new aeroplane deliveries to India will be for single-aisle aircraft like the 737 MAX due to the country’s rapidly increasing domestic traffic “it stated in a statement.
Through 2041, the aircraft manufacturer expects long-term passenger growth to increase by around 7% yearly.
According to Boeing, India will need about 2,210 new aircraft over the next 20 years, 1,983 of which will be single-aisle jets and 227, or 10% of all deliveries, would be wide-body aircraft.
The country's air cargo market is anticipated to grow during the following two decades, and by 2041, the fleet will have grown from its current 15 aircraft to roughly 80.
According to the press release, these will mostly be converted narrow-body freighters to support domestic and regional expansion as well as a number of wide-body freighters in production and conversion to support international operations.
According to Boeing, there is a $135 billion market for commercial services to assist fleet replacement.
The domestic capacity of the Indian market has surpassed 2019 levels, and by the end of this decade, domestic traffic is anticipated to treble.
According to Dave Schulte, managing director of Boeing Commercial Marketing for Asia Pacific, “Indian carriers will surpass worldwide growth at almost 7%, and more than 80% of new aeroplane deliveries to this market will be for growth while 20% of new aeroplanes will be for replacement of aged jets.”
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