Airbus and Boeing Indian Forecasts Do Not Align
AINONLINE by NEELAM MATHEWS Dinesh Keskar, Boeing Commercial Airplanes’ senior v-p of sales for Asia Pacific and India. [Photo: Neelam Mathews] March 13, 2014, 4:35 PM Airbus and Boeing released their outlooks for the Indian airliner market over the next two decades on at the India Aviation show in Hyderabad this week, with both OEM s estimating different figures. Boeing forecast demand in India for 1,600 new airplanes worth $205 billion, with the country’s fleet expected to grow more than five times in size over the next 20 years, while Airbus estimated a slightly more conservative 1,290 aircraft worth $190 billion. “India’s demographics are highly favorable to the growth of air transportation,” said Dinesh Keskar, Boeing Commercial Airplanes’ senior vice president of sales, Asia Pacific and India. “The share of India’s large population entering the workforce is growing and India could have the world’s fourth-largest econom...