India will need 1,850 new aircraft, valued at $265 billion over the next 20 years, the majority being single-aisle, Boeing predicts in its Current Market Outlook.
According to the outlook, 1,560 of the aircraft will be single-aisle including the Boeing 737 Next-Generation and 737 MAX, worth $180 billion. Boeing predicts 280 widebody aircraft worth $85 billion will be needed and 10 regional jets valued at below $1 billion. The single-aisle aircraft including the 737 will drive low-cost carrier expansion and replace older units.
Boeing Commercial Airplanes senior vice president Asia Pacific and India sales, Dinesh Keskar says: “With the new aviation policies in place, we see even greater opportunities and remain confident in the market and the airlines in India.”
He adds: “Boeing’s strong orders and deliveries for the Next-Generation 737 and 737 MAX underscore how we are meeting our customers’ demands and expectations, offering them the most fuel efficient, reliable and capable airplanes.”
“We also continue to be the preferred choice for widebody airplanes in India, with more than 85 percent of the market share.”