Boeing expects to sell 911 planes in India by 2027

Written by Corporate Bureau | New Delhi, Jul 30 | Updated: Jul 31 2007, 05:10am hrs
US aircraft manufacturer Boeing on Monday raised its current market outlook (CMO) for India over the next 20 years (2007-2027) to 911 new commercial aircraft worth over $86 billion from an earlier estimate of 856 aircraft at a value of more than $72 billion. Even this market forecast has quadrupled in the past three years from a projection in 2004 for $20 billion worth aircraft orders for the period 2004-2024.

According to the new market outlook, the 911 aircraft will comprise of 55 regional jets, 674 single aisle aircraft, 173-twin aisle and nine Boeing 747 or bigger airplanes, informed Dinesh A Keskar, senior vice president, sales, Boeing Commercial Airplanes.

The 2007 CMO projects that commercial airplanes in the 90-400 seat categories will account for most of the growth in air travel over the next 20 years, and the airlines will continue to accommodate that growth by adding frequencies and point-to-point non stop flights, Keskar said.

Boeing Company has an order backlog of $279 billion blocking nearly next five to six years of sales.

India at present has 257 aircraft in service with another 387 aircraft on order. By the year 2026, India will have over 1000 aircraft servicing the international and domestic market. Boeing has on order aircraft worth over $21 billion from India.

Speaking on the proposed $185 million maintenance, repair and overhaul joint venture with Air India, Keskar said that they had identified 75 acre of land in Nagpur for the proposed MRO but because of the merger (Air India with Indian Airlines) there was a slight slowdown in developing the MRO.