July 6, 2011
As the Airbus A320 Neo amassed 667 orders worth $60.9 billion at the Paris show, Boeing says it has held meetings with carriers around the world on the possible re-engining or a new family of aircraft.
“We have (also) held meetings with airlines from India and taken comments from Jet Airways and SpiceJet deliberating on that,” said Dinesh Keskar, President Boeing India to Aerospace Diary at the India Current Market Outlook (CMO) 2011. “We have to act fast…and take a decision soon,” Keskar added.
The A320 neo will be available beginning in 2015. There are two engine options on the Neo - the LEAP-X and Pratt & Whitney’s PurePower PW1100G.
Should Boeing plan to offer a new single aisle family, it will be available by 2019/20, say analysts.
“There is no room in India greater than the 747-8,” said Keskar referring to the A-380. No airline in India has ordered the A-380 and it is likely, they will not in the medium term.
Boeing forecasts a $150 billion market for 1320 new passenger aircraft in India over the next 20 years as the economy aims for double-digit growth, stimulating strong demand for new and replacement aircraft. Globally, Boeing forecasts a $ 4 trillion market for new aircraft over the next 20 years.
Keskar said airline revenue and yields were up, but high inflation and volatile fuel prices will play a pivotal role in the health of the industry. Passenger traffic has touched 53.6 million domestic (fiscal 2011) and 13.1 million international, and is expected to grow at 8.1 percent annually over the long-term.
Boeing’s present backlog in India is 109 planes including 30 on order by budget SpiceJet and 39 by Jet Airways. “We’re perfectly fine with the Indian market. We dominate the Indian market on wide bodies,” added Keskar.
Air India’s first 787 of the 27 ordered will arrive in the fourth quarter of this year. While Jet Airways that ordered ten 787s, will get its first plane in 2014.
Boeing says the new sky interior on the 737 will be delivered to Jet in the third quarter this year to be followed by SpiceJet.