Yunus Dar

According to Boeing, India will be the fastest growing aviation market in the next two decades, requiring aircraft valued at USD 320 billion. The global aerospace giant said the country would need around 2,400 aircraft in the next 20 years, a majority of them being narrow-body.

Boeing 787 aircraft

Boeing estimates USD 440 billion as the expenditure required by the operators to operate and maintain the expanding fleet, on aviation services, including ground, station and cargo operations, along with maintenance and engineering. The forecast is part of Boeing’s annual India Commercial Market Outlook (CMO), released in New Delhi on 6 November 2019. The company expects India’s airplane fleet to quadruple in size to approximately 2500 airplanes by 2038. Boeing’s deputy vice president of commercial marketing Darren Hulst, however, said many of the new airplanes will replace ageing aircraft, and most will help operators grow their network.

“It is impressive to witness the passenger growth in India. This market continues to be one of the fastest-growing in the world. Over the past decade, domestic air traffic has tripled, while international air traffic has more than doubled. And we see tremendous potential for even more growth as India’s middle class expands and more consumers are able to fly,” said Darren. He also said the company forecasts commercial operators ex