Airbus/Boeing upbeat on India potential

Boeing and Airbus remain upbeat over India’s aviation growth potential, with Airbus upping its 20-year global market forecast for the country, saying India will need 1,032 new aircraft worth US$138 billion by 2028.

Airbus’ last forecast released two years back had said that the country would need 992 aircraft worth $105 billion over the same period.

Boeing’s current market outlook (2009-2028) for India is only slightly less optimistic with the US carrier predicting the country will require 1,000 aircraft worth $100 billion over the next two decades.

“There are all signs that Indian airlines are emerging from the recent downturn,” said Boeing India head, Dinesh Keskar.