India will need 1,750 new aircraft over next 20 years
- A Monitor Report 12 Mar, 2018 | 2552 Views|-+
NEW DELHI: India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet an exponential rise in both passenger and freight traffic, according to Airbus’ latest India Market Forecast,
To help meet this growth, Airbus forecasts that India will need 1,320 new single-aisle aircraft and 430 widebody aircraft valued at US$255 billion.
While much of the air traffic growth is expected to be driven by the fast expanding economy, rising wealth and urbanisation, ambitious government-backed regional connectivity programmes are also set to enhance demand for air travel.
By 2036, Indians will each make four times as many flights as today. As a result, traffic serving the Indian market is forecast to grow 8.1 per cent per year over the next 20 years, almost twice as fast as the world average of 4.4 per cent.