Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

India Will Need 2,100 Planes in Next 20 Years, Says Boeing

According to Boeing's Current Market Outlook released on Monday, almost 85 per cent of these new planes in India are likely to be single-aisle with low-cost carriers operating more than 60 percent of all flights.

PTI

Updated:July 31, 2017, 5:57 PM IST
facebookTwittergoogleskypewhatsapp
India Will Need 2,100 Planes in Next 20 Years, Says Boeing
Representative image (Photo courtesy: AFP Relaxnews/ ERIC PIERMONT)
Loading...
New Delhi: Boeing on Monday said India will take deliveries of 2,100 new planes worth USD 290 billion in the next 20 years, calling it the "highest forecast" for the country.

India's share will account for more than 5.1 percent of the total global demand of 41,030 aircraft, the American aeronautic giant said.

According to Boeing's Current Market Outlook released on Monday, almost 85 per cent of these new planes in India are likely to be single-aisle with low-cost carriers operating more than 60 percent of all flights.

"The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factors bode well for India's aviation market, especially the low-cost carriers," said Dinesh Keskar, senior vice-president, Asia Pacific and India Sales, Boeing Commercial Airplanes.

Boeing also expects to benefit from the government's regional connectivity scheme (RCS) in the years to come, when smaller 70-seat aircraft will be replaced by bigger ones, such as Boeing's 737s, following an increase in traffic on these routes.

"RCS will allow opening of new routes, thus providing more connectivity. Over the next 4-5 years, the growth on those routes will make a Boeing 737 viable. We are very bullish that if it (RCS) works out, we will be one of the beneficiaries," Keskar said.

The passenger traffic in South Asia is expected to grow at a rate of 8 per cent, followed by China at 6.2 percent.

The growth rate in the region is likely to be more than double that of Europe (3.7 per cent) and North America (3 percent).
| Edited by: Ananya Chakraborty
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
SBI 344.70 7.97
Reliance 1,325.90 4.62
Indiabulls Hsg 814.55 12.63
ICICI Bank 407.70 4.62
HDFC 2,122.50 6.46
Company Price Change %Gain
Reliance 1,325.50 4.72
Axis Bank 782.75 4.62
Indiabulls Hsg 811.05 12.47
SBI 344.60 8.04
Yes Bank 143.60 6.73
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 814.55 12.63
Adani Ports 400.10 8.99
IndusInd Bank 1,494.65 8.82
SBI 344.70 7.97
Tata Motors 190.15 7.52
Company Price Change %Gain
IndusInd Bank 1,492.60 8.64
SBI 344.60 8.04
Tata Motors 190.00 7.53
Yes Bank 143.60 6.73
Larsen 1,451.05 6.55
Top Losers
Company Price Change %Gain
Dr Reddys Labs 2,589.40 -5.67
Zee Entertain 362.50 -2.59
Bajaj Auto 3,006.30 -1.11
Tech Mahindra 779.35 -0.70
Infosys 722.40 -0.21
Company Price Change %Gain
Bajaj Auto 3,005.85 -1.18
Infosys 722.40 -0.19

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results