India, S Asia airlines to add over 2,800 aircraft by 2043; Boeing – Airlines/Aviation News

Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet by 2043, a four-fold increase from the current levels, according to US planemaker Boeing. It said that India will account for over 90% of the total demand, with the remainder coming from countries like Bangladesh, Sri Lanka, Nepal, Maldives, and Bhutan.

In its commercial market outlook (CMO) released on Thursday, Boeing projected that the growth of India’s aviation sector will be fueled by a rising middle class and strong economic expansion. The company expects air travel demand in the region to surge, with air traffic forecast to grow at an annual rate of over 7.9% through 2043.

“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. More than 90% of this demand will come from India,” said Ashwin Naidu, Boeing managing director of commercial marketing for India and South Asia.

Air India Express set to launch direct flights to Bengaluru, Goa and Kolkata from Hindon Airport on THIS date – Check schedule, timings, cost and more

IAF Republic Day Fly-past 2025: 40 aircraft, fighter jets, and new additions in stunning aerial display

Air India to introduce first-class seats on London and New York routes, aims for global expansion

Air India set to expand its wings 3 years after Tata came on board

Boeing forecast that the region’s carriers will take delivery of 2,445 single-aisle planes, which will make up around 90% of the deliveries, while widebody fleets will grow significantly, adding 370 aircraft.

It said that it delivered two planes per month to Indian airlines in FY25 to meet demand and will maintain that pace in the coming year, with the potential for further increases.

Indian airlines have about 1,800 aircraft on order with global planemakers and are scheduled to take delivery of 130 jets this year, according to data from UK-based Cirium, an aviation analytics company.

However, airlines worldwide are struggling to procure jets on time as supply chain issues pressure production at Boeing and Airbus.

Air India and Akasa have ordered planes from Boeing and the deliveries have been delayed by several months due to slowdown in production and strike at the company’s manufacturing unit in the US last year. IndiGo with the largest order of new planes is primarily Airbus.

India, already the third-largest domestic aviation market globally, following the US and China, is also the fastest-growing. IndiGo and Air India are expected to remain the leading carriers in the country. This anticipated increase in traffic will be driven by the expansion of low-cost carriers and a broader network of routes and destinations across the region.

The Indian aviation industry also faces challenges such as currency pressures, jet fuel price volatility, lower airfares than the global average and an imbalance in long-haul market share compared to foreign carriers, Boeing outlook said.

[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.}

[ad_2]