Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • Women recruited in armed forces under SSC to get permanent commission:-Women officers recruited under the short service commission in the Indian armed forces will get opportunity for permanent employment like their male counterparts, Prime Minister Narendra Modi announced on Wednesday in his Independence Day address....
  • Every Indian can be proud of manned space mission: ISRO chief:-Technologies that will help in sending an Indian astronaut to space by 2022, as announced by Prime Minister Narendra Modi during his Independence Day address on Wednesday have already been completed, ISRO Chairman K Sivan said....
  • Gaganyaan to take Indian astronaut to space by 2022: PM:-Prime Minister Narendra Modi on Wednesday announced an ambitious mission of sending an Indian astronaut to space by 2022 on board 'Gaganyaan'. The mission, he said in his Independence Day address, would be launched using the Indian Space Research Organisation's (ISRO) own capabilities, and on successful completion, make India the fourth nation in the world to do so....
  • Indian Govt approves procurement of 6 patrol vessels for Navy:-The Indian defence ministry on Monday approved a long-pending proposal to procure six indigenously manufactured next generation offshore patrol vessels (NGOPVs) for the Navy at a cost of Rs 4,941 crore....

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

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

Indian aviation sector's growth may drop to 12 pc in 2018: Boeing

The Indian aviation sector could see a drop of 12 per cent in its growth rate due to the rising jet fuel prices, a senior official of aerospace major Boeing has said.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2018

Image Gallery