Boeing makes mega projection for India's plane requirement by 2038

American multinational aero corporation Boeing predicted that air carriers in India will need 2,380 commercial aeroplanes, valued at USD 330 billion, to handle growing demand for air travel over next two deces. To operate and maintain expanding fleet, operators are expected to spend USD 440 billion on aviation services, including ground, station and cargo operations, along with maintenance and engineering.  forecast is part of Boeing's annual India Commercial Market Outlook (CMO) that was released in New Delhi on Wednesday. While many of new airplanes will replace ing aircraft, most will help operators grow ir network as India's airplane fleet is projected to quruple in size to approximately 2,500 airplanes by 2038.

'India continues to be one of fastest-growing markets in world'

"It is impressive to witness passenger growth in India. This market continues to be one of fastest-growing in world. Over past dece, domestic air traffic has tripled, while international air traffic has more than doubled. And we see tremendous potential for even more growth as India's middle class expands and more consumers are able to fly," said Darren Hulst, deputy vice president of Commercial Marketing for Boeing Company. "In next few years, we see commercial operators expanding ir networks to offer more direct flights domestically and open new long-distance options for passengers," he said.

Single-aisles will le demand for airplane deliveries

Low-cost carriers continue to le in Indian market having expanded six-fold in last dece. India also ded approximately 30 international city pairs in past year, and 10 longest haul routes are all flown by Boeing wide-bodied aircraft. In India, single-aisles will le demand for airplane deliveries, comprising 87% of all new airplanes, to meet requirements for domestic network connections and service to new airports. Widebody airplanes will make up 13% of new airplane deliveries, helping to enable new long-range flights.

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'Boeing is committed to developing Indian aero ecosystem'

"To support this successful and continued growth of aviation market in India, Boeing is committed to developing Indian aero ecosystem," said Salil Gupte, president of Boeing India. "Our ongoing investments in India span across development of aero techlogy, invation, production capacity, supply chain, aero skilling centres, manufacturing and modernization of airport infrastructure and air," Gupte ded. Beyond India, global commercial jet fleet is expected to double in size by 2038 as airlines will need 44,000 new airplanes valued at USD 6.8 trillion, and demand more than USD 9 trillion in aviation services.

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(With ANI inputs)