Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • India joins the Wassenaar Arrangement:-India on Friday said it has joined the Wassenaar Arrangement after completing the internal procedures and the membership will facilitate high-technology tie-ups for country's defence and space programmes. ...
  • Wassenaar Arrangement decides to make India its member:-In a significant development, elite export control regime Wassenaar Arrangement (WA) on Thursday decided to admit India as its new member, which is expected to raise New Delhi's stature in the field of non-proliferation besides helping it acquire critical technologies....
  • India's chances 'very good' on Wassenaar membership: Russia:-India is likely to get the membership of the Wassenaar Arrangement on Thursday, one of the key export control regimes that deal with non-proliferation, if everything goes well, Russia's Deputy Foreign Minister Sergey Ryabkov said on Wednesday....
  • Akash test-fired successfully:-India on Tuesday successfully test-fired Akash its supersonic surface-to-air missile with indigenous radio frequency seeker from a test range in Odisha, officials said....

'India needs 1,600 planes worth USD 224bn in next 20 yrs'

Article
Line Spacing+- AFont Size+- Print This Article

NEW DELHI (PTI): European aviation major Airbus says India will require 1,600 planes, including 1,230 narrow body aircraft, valued at US$ 224 billion in the next 20 years as the country logs the fastest growth globally coupled with an expected 8.4 per cent per year growth in passenger traffic during this period.

At present, among the two major global aircraft makers, US-based Boeing Co. being the other one, Airbus is the market leader in India in terms of single-aisle planes.

According to Airbus' latest global Market Forecast for the 20 years between 2015 and 2034, India will require over 1,600 new passenger and freighter aircraft -- valued at US$ 224 billion -- to help meet growth in demand.

These will include 1,230 new single-aisle aircraft and 380 wide-body passenger and freighter aircraft, the company said, adding that by 2035, the number of Indian cities with over one million monthly air passengers would have more than tripled.

"The growth is significantly better in India. Today we have 210 aircraft in service with seven Indian carriers.

Another over 500 more planes are to be delivered to the airlines in India in the coming years. That gives us over 70 per cent market share excluding Kingfisher (now defunct) orders," Airbus Vice President for marketing for Asia Consumer Affairs, V Joost Van Der Heijden said in New Delhi on Wednesday.

On the status of the now-defunct Kingfisher Airlines order, the official said, "We have already reduced (the number of Kingfisher's order) in last year's order book. We will continue to do so as we go along."

Air traffic in India is set to grow at 8.4 per cent per year over the next 20 years, well above the world average of 4.6 per cent, Airbus said, adding that domestic traffic will grow more quickly, at 9.3 per cent, making India the world's leading emerging aviation market.

"Aviation in India has a bright future. As India's industrial might grows along with it comes economic development, wealth generation and a rise in the number of regular and first-time flyers. Airbus offers the most comprehensive aircraft product range from 100 to over 600 passengers to serve the Indian public and this growing demand," said Kiran Rao, Airbus EVP Marketing and Strategy.

According to Airbus, today some 56 per cent of in-service fleet operated by most of the Indian carriers are Airbus aircraft, including the latest engine technology, fuel-efficient A320 neo.

Significantly, budget airline IndiGo recently inducted its first such aircraft in its fleet.

Preference for Airbus aircraft was further consolidated in 2015 with 250 new firm orders, lifting market share of orders and the in-service fleet to over 70 per cent, it said.

Tags:

Airbus  India  Aviation  Aircraft  Boeing  
Line Spacing+- AFont Size+- Print Article

Other Related News

Russia-India: True Comrades-in-Arms

Russia's decision to join hands with India's Pipavav Shipyard to build three new-generation Talwar class guided missile frigates for the Indian Navy will be a win-win game for the two most-trusted strategic allies.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2017

Image Gallery