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Boeing looking at $72 billion aircraft market
The Chicago-based Boeing, which won an order for 10 jets from India’s Air Sahara, is projecting a booming market of $72 billion in planes over the next 20 years.
That is double the company’s prediction of $35 billion made just last year.
The latest sale involved 10 B737-800 passenger jets worth more than $700 million.
Air Sahara’s current fleet includes 27 Boeing airplanes. But the US air manufacturer is predicting the airline will need 856 commercial jets in the next two decades.
“We are proud of our long-term relationship we have with Air Sahara,” Dinesh Keskar, a senior vice president of sales at Boeing, said in a statement.
Mr Keskar attributed the new forecast to changes in India’s aviation policy and the success of several budget airlines launched in the past two years.
Alok Sharma, president of Air Sahara, said the order reflects confidence in the future of aviation growth in China.
Boeing once again won out against Airbus, its main competitor in the fast-growing India and China aviation market.
Forecasts are that the Indian market will grow from its present 25 million passengers a year to as many as 60 million by 2010.
Report by David Wilkening
David
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