Aviation

Indian airlines doing better; need to get fares right: Boeing

PARIS

Bullish on Indian aviation market, top aircraft maker Boeing has said that operating environment has improved for airlines in the country but there is a need to get the airfare metrics right to make profits.

“We are very clear that the Indian market is going to grow at the fastest rate across the world. Our 20-year annual growth rate forecast for India currently stands at 8 per cent and we had estimated the country’s aircraft requirement at $205 billion, reports NDTV.

“But we will revise upward this forecast this month,” Boeing India president Dinesh Keskar said.

Mr Keskar, also a senior vice president at Boeing Asia Pacific, said at the Paris International Air Show that fundamentals remain good for the Indian aviation market, irrespective of the absence of any major announcements of orders placed by Indian carriers at the week-long show.

“There are basically three factors that affect the aviation market — fuel prices, exchange rate and the basic supply-demand ratio.

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