Our Terms & Conditions | Our Privacy Policy
Global aerospace major Boeing on Thursday predicted that South Asia’s commercial aircraft fleet will grow nearly four-fold over the next 20 years to 2,835 propelled by the demand from India-based airlines.
Accordingly, 90 per cent or over 2,500 aircraft are expected to be delivered to India-based airlines in the next 20 years.
Currently, India has over 800 commercial aircraft; on the other hand, there are around 1,700 more on order. These orders are expected to be delivered beyond 2030.
As per Boeing’s current Commercial Market Outlook (CMO), continued growth will be fuelled by greater demand and a rise in the region’s air traffic, which will grow more than seven per cent annually through 2043, driven by sustained economic growth, improved connectivity, and policies that support air travel liberalisation.
Domestic demand
The CMO cited that domestic air traffic is expected to remain the largest and fastest-growing segment in India’s travel market, enabled by further low-cost carrier expansion and network diversification.
“The India and South Asia region continues to be the world’s fastest-growing commercial aviation market due to strong economic and trade growth, rising household incomes and investments in infrastructure and development,” said Ashwin Naidu, Boeing’s Managing Director of Commercial Marketing for India and South Asia.
In terms of aircraft types, CMO pointed out that fuel-efficient single-aisle aeroplanes, such as the 737 MAX, will account for nearly nine out of 10 commercial jet deliveries in the forecast period (2024-2043) to 2,445 aircraft.
Besides, the region’s widebody fleet will quadruple to 370 aircraft as carriers leverage aeroplanes like the 787 Dreamliner and 777X to further develop long-haul networks, particularly from India to North America, where capacity has doubled in the past decade.
Furthermore, the CMO forecasts that India and South Asia’s cargo freighter fleet, including new and converted models, will grow five-fold to 20 as the region expands its role in global supply chains, advanced manufacturing, and e-commerce.
In addition, the demand for pilots, cabin crew, and technicians will quadruple to 1,29,000 along with commercial aeroplane fleet expansion, representing the fastest growth rate of any region globally.
SHARE
Published on February 6, 2025
[ad_1]
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
[ad_2]
Comments are closed.