Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • LIMA 2017:-The Langkawi International Maritime & Aerospace Exhibition (LIMA) is the largest show of its kind within the Asia Pacific region and will be held from 21 – 25 March 2017....
  • IAF's Super Hercules damaged in Ladakh's Thoise airfield:-A C-130J Super Hercules aircraft of the Indian Air Force suffered damage while taxiing at high altitude Thoise airfield in Ladakh and a Court of Inquiry (CoI) is currently underway. ...
  • Seven new Earth-like planets discovered, may host life: NASA:-Astronomers have discovered the first known system of seven Earth-sized planets around a single star - located a mere 40 light years away - that could have liquid water, and possibly host alien life. The discovery sets a new record for greatest number of habitable-zone planets found around a single star outside our solar system. ...
  • Anil Ambani discusses defence investments with UAE's PM:-The Indian business tycoon has met the UAE Prime Minister and Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum on the sidelines of the International Defence Exhibition and Conference, IDEX 2017 – one of the biggest international defence shows underway in Abu Dhabi. ...

'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

India aims to be global aviation hub by 2020: Official

India plans to be a global aviation hub and one of top three aviation markets worldwide by 2020 as the passenger traffic at airports is expected to increase to 450 million by then from 159.3 million in 2012-2013, a senior Aviation ministry official has said.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2017

Image Gallery