US planemaker Boeing Co forecast on Tuesday that Indian airline capacity would be 7 per cent higher in the first half of 2023 than in 2019 before the pandemic, amid a strong rebound in the world’s fastest-growing major domestic aviation market.
Over the next 20 years, Indian passenger traffic is expected to grow by 7 per cent annually, requiring 2,210 new planes, Boeing said on the sidelines of the Aero India air show, the country’s biggest aviation event.
Former state-run carrier Air India, now owned by Tata Group, is expected to announce a major deal this week for nearly 500 jets, worth more than $100 billion at list prices, split between Boeing and Airbus, Reuters has reported.
