India will be the world’s fastest-growing market over 20 yrs: Boeing
India will be the world’s fastest-growing aviation market over the next two decades, according to Boeing Co., which expects the South Asian nation to need 2,380 planes in that period at a value of $330 billion.
The U.S. manufacturer’s forecast is slightly higher than the one it made in December 2018, when it said India would require 2,300 new aircraft for $320 billion over 20 years. At a briefing in New Delhi on Wednesday, Boeing’s deputy vice president of commercial marketing Darren Hulst said first deliveries of the 777X are planned in the next 18 months.
Hulst also said Boeing is working closely with regulators to get the 737 Max back into operation in the U.S. this quarter and then elsewhere depending on regulatory approvals. The previously best-selling jet has been grounded globally since mid-March following deadly crashes in Ethiopia and Indonesia.
