Montreal-based Bombardier, the world?s only manufacturer of both planes and trains, is bullish about its growth in India despite a natural escalation in aircraft cost. While the company reported a stagnant growth between 2012 and 2013, it is optimistic about growth during the second half of 2014-15.
Talking to FE, Nilesh Pattanayak, regional VP, Asia Pacific, Business Aircraft, Bombardier, said the company projects delivery of 5,000 aircraft in the Asia-Pacific region across all manufacturers between 2012 and 2031. Over the next 20 years, Bombardier forecasts 4,740 deliveries in the Asia-Pacific with specifically 1,340 business jet deliveries in India. The demand is driven by economic growth, globalisation and the rise in the number of billionaires in these markets.
The outlook for Asia-Pacific for business aircraft predicts 2,320 deliveries for Asia-Pacific (including India) from 2012-2031. The outlook for India is 1,340 deliveries from 2012-2031. The fleet in Asia-Pacific (including India) to estimated to grow from 525 in 2012 to 2,565 by 2032.
