Aviation

Boeing bullish on South Asian airlines

SINGAPORE

Boeing is bullish on the India-dominated South Asian aviation markets, with airlines showing profits and ordering new planes, a senior company executive said here today.

“SpiceJet is talking about ordering 100 planes for the first time… while IndiGo has ordered 430 planes (over the next 10 years),” said Dinesh Keskar, senior vice president for Asia Pacific and India Sales for Boeing Commercial Airplanes, reports Moneycontrol.

“Our forecast for that (South Asian) market is about USD 240 billion worth of 1,700 planes � it is a pretty big market,” he said.

Addressing media on Boeing forecast at the Singapore Airshow 2016, he said low fuel oil price and increasing passenger traffic volume were helping the South Asian airlines. But the airlines are concerned about currency exchange rates against the US dollar, which is becoming strong against many currencies in the world, he said.

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