New Delhi: Global aerospace major Boeing expects a demand for 2,380 new aircraft in India, valued at $330 billion, over the next 20 years.
According to the Boeing's annual India Commercial Market Outlook (CMO) 2019, factors such as exponential domestic passenger traffic growth, new long-haul opportunities and infrastructure development will lead to the fulfilment of the demand forecast.
"To operate and maintain the expanding fleet, operators are expected to spend $440 billion on aviation services, including ground, station and cargo operations, along with maintenance and engineering," the 2019 India CMO said.
"In India, single-aisles will lead the demand for airplane deliveries -- comprising 87 per cent of all new airplanes -- to meet requirements for domestic network connections and service to new airports.
"Wide-body airplanes will make up 13 per cent of new airplane deliveries, helping to enable new long-range flights." India's airplane fleet is projected to quadruple in size to approximately 2,500 aircraft by 2038.