Growth potential in Indian aviation “the greatest in the world”: Boeing
23 Jul 2009
Highlighting the potential for air travel growth as ''among the greatest'' in the world, Boeing Co maintained its 20-year sales outlook for this sub-continent-sized country. According to Dinesh Keskar, president of Boeing India, Indian carriers may buy 1,000 new jets, worth $100 billion, over the coming two decades.
''There is strength and resilience in Indian commercial aviation sector over the long term,'' Keskar said. '''The potential for future growth of air travel, both domestically and internationally, is among the greatest in the world.''
Speaking at a media conference on Tuesday, Keskar dwelt upon company data and forecast for the India's commercial airplane market.
Averaging 7 per cent annual growth over the past 10 years, the country's economic growth remains among the strongest in the world. The period also saw a record growth in air travel, which is now tracking at 2007 levels, Boeing said in a media statement.
Tied closely to the country's economic growth, Keskar said air travel in India will rebound.
Rising incomes and the introduction of new discount carriers have allowed more people to travel by air in India.
