Presenting a bullish outlook on demand from Indian airliners, Boeing announced on Wednesday the country would be the world's fastest-growing aviation market over the next 20 years.
Speaking in New Delhi, Darren Hulst, Boeing deputy vice president of commercial marketing, was quoted as saying Indian airliners would require 2,380 new aircraft, worth approximately $330 billion, over the next 20 years. According to Reuters, passenger traffic in India has risen around 20 per cent in recent years, making it one of the fastest-growing civil aviation markets. However, growth was hit this year by the collapse of Jet Airways and a slowing economy.
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Hulst sought to boost confidence in the fate of Boeing 737 MAX model, which has been grounded worldwide after fatal crashes in Indonesia and Ethiopia. Bloomberg reported Hulst had claimed Boeing was working with US regulators to get the 737 MAX back into service in that country in this quarter itself.
SpiceJet, which purchased 205 737 MAX jets, had announced it could buy around 100 aircraft from Airbus in a deal worth at least $10 billion. IndiGo, the airline with the largest market share, had announced an order for 300 Airbus A320neo aircraft last month. IndiGo already operates an all A320 fleet. According to Airbus, the new deal with IndiGo takes the airliner's "total number of A320neo Family aircraft orders to 730".
