Log in to use our free company, program and sector update tracker feature.

Front page

Boeing sees market recovery in India; projects long-term growth

Boeing [NYSE: BA] forecasts that over the next 20 years the Indian market will require 1,000 commercial jets valued at approximately $100 billion -- a market that represents over 3 percent of Boeing Commercial Airplanes' forecasted market worldwide. Boeing India President Dinesh Keskar shared the company's market data and forecast today at a media conference focused on Boeing's view of India's commercial airplane market.

India's economy has averaged 7 percent annual growth over the past 10 years and the country's economic growth remains among the strongest in the world. The record growth in air travel, which expanded rapidly the past eight years due to liberalization and favorable economic conditions, is now tracking at 2007 levels..  

Keskar said air travel in India, tied closely to the country's economic growth, will rebound.  

"There is strength and resilience in the India commercial aviation sector over the long term," Keskar said. "The potential for future growth of air travel, both domestically and internationally, is among the greatest in the world and Boeing will continue its efforts to be India's preferred partner and aerospace provider."

Recent market forces and recession in many parts of the world have led to a contraction of India's commercial aviation sector, with consolidation of airlines and an overall reduction of capacity. Nonetheless, Keskar says India's projected GDP growth over the next 20 years will average six and a half percent annually, driving a resurgence of demand and capacity growth for the country's airlines.

"If you take a realistic and broad look at the India market, what resonates is that there is more positive than negative and the prospect for continued long-term growth remains high," Keskar said.

He also outlined Boeing's commitment to meet the needs of its airline customers in India as they find equilibrium during the current slowdown and readjustment of the market.  

"Knowing the viability of this market, Boeing is committed to work in partnership with India while proactively pursuing our business and doing our utmost to play a role in the country's ongoing prosperity."

Press release issued by Boeing Commercial Airplanes on July 24, 2009


 Contact details from our directory:
Boeing Commercial Airplanes Airframer

Enhanced listings:

Ascent Aerospace
Ascent Aerospace is the leading provider of aerospace tooling systems, assembly automation and factory integration.

Valence Surface Technologies
The leading metal processing company serving the global aerospace industry. Valence’s ten facilities offer full-service capabilities: NDT, shot peen, chemical processing, paint, and other coatings.

Reduce the time spent on current projects by using ESDU – engineering data and software that have been approved and endorsed by professional institutions.

Beckwood Press
Your single source for aerospace forming equipment. Manufacturer of Triform Sheet hydroforming presses.

MW Industries, Inc
Design and manufacture springs, fasteners and related products for aerospace including: engine components, flight controls, propulsion, landing gear, interiors, avionics, and space exploration vehicles.

See our advertising tariff.


Monthly page limit exceeded. Please buy a subscription.

© Copyright of Airframer Limited, operated under licence by Stansted News Limited 2016. Terms & Conditions of reading.