Boeing Contemplates Big Benefits From India’s Aviation Boom


India is the world’s fastest growing aviation market with the number of air passengers likely to cross 100 million this year. Till June this year, Indian aviation industry had clocked 18.3% growth in domestic passenger market, thanks to the subsidized regional connectivity scheme named UDAAN, which provides one hour flight at approximately $38.

Going by the annual growth rate of 22% for the year 2016-17, the domestic air traffic, carried by scheduled Indian carriers, could reach about 126 million passengers during 2017-18. The provisional annual growth for the year 2016-17 for international air traffic passengers, carried by scheduled carriers is about 10 per cent,” Jayant Sinha, India’s Minister of State for Civil Aviation, said in Parliament last week.

According to the Boeing report, India can order 1,780 planes having capacities of 90-230 passengers. This will provide business of $195 billion to the aircraft manufacturers. Demand for small wide-body airplane of passenger capacity between 200 and 300 would generate business up to $50 billion and the plane having passenger capacity of more than 300 will generate $45 billion revenue from India. Read More…

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