Aviation

Boeing, Airbus raise forecast for India’s aviation demand

HYDERABAD

Boeing and Airbus, two of the world’s leading aircraft manufacturers, Thursday raised their forecast for the growth of India’s civil aviation for the next 20 years, despite adverse near-term trends.

While Boeing said India need 1,600 new aircraft worth $205 billion, its rival Airbus has put the numbers at 1,290 aircraft worth $190 billion by 2032.

Last year’s forecast by Boeing was 1,450 airplanes at $175 billion while Airbus in 2012 had made a projection of 1,043 new aircraft valued at $145 billion.

Full report here Business Standard

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