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India Will Need 290 Aircraft Over 20 Years: Boeing  
User currently offlineGF-A330 From United Kingdom, joined Apr 2001, 1643 posts, RR: 2
Posted (11 years 7 months 1 day 23 hours ago) and read 1669 times:

US aircraft maker Boeing Co has forecasted that the Indian market will need 290 new commercial jets worth $22 billion over the next 20 years.

Senior Vice President of Sales Dinesh Keskar told a news conference here late on Thursday that air traffic growth in Southwest Asia, dominated by India, will average 6.7 per cent over the period - among the fastest in the world.

However, growth in the Asian region as a whole is forecasted at 8.7 per cent annually.

Keskar said although the world aviation industry was still to get back to traffic levels of 2000, before last year's global economic downturn and the September 11 terrorist attacks in the United States, there have been definite signs of recovery, with Asia emerging as the brightest spot.

"Airline profits, in a general sense, will start to come back in late 2003.

After that the demand cycle will come back for new planes," he told reporters.

"We think the world needs 24,000 planes in the next 20 years," he added. Keskar said that the airline was hoping to sell its new generation Boeing 777 aircraft to Air India, which is looking to buy 17 new planes.

Air India is the country's main international carrier and wants to modernise its obsolete fleet, with many of the aircraft around 20 years old.



7 replies: All unread, jump to last
 
User currently offlineDonder10 From Canada, joined Oct 2001, 6659 posts, RR: 22
Reply 1, posted (11 years 7 months 1 day 23 hours ago) and read 1663 times:

They will need to liberalise a lot further surely?

User currently offlineJaysit From , joined Dec 1969, posts, RR:
Reply 2, posted (11 years 7 months 1 day 21 hours ago) and read 1616 times:

..They will need to liberalise a lot further surely?...

No kidding !! Or else it will take the next 290 years to purchase those 290 Boeing Jets.


User currently offlineHmmmm... From Canada, joined May 1999, 2104 posts, RR: 5
Reply 3, posted (11 years 7 months 1 day 21 hours ago) and read 1604 times:

24,000 new planes in the next 20 years? That's 1,200 planes per year. If Boeing gets half, that's 50 new planes coming out of their shop, every month, for the next 240 consecutive months, during bad times and good times. Fifty new planes every month. What can one say but Hmmmm...


An optimist robs himself of the joy of being pleasantly surprised
User currently offlineGigneil From United States of America, joined Nov 2002, 16347 posts, RR: 85
Reply 4, posted (11 years 7 months 1 day 20 hours ago) and read 1589 times:

Its much more likely he said 2400 and was misquoted, or the reporter forgot to note the crack pipe dangling from his lips.

Either way, 24,000 sounds very questionable to me.

N


User currently offlineL-188 From United States of America, joined Jul 1999, 29786 posts, RR: 58
Reply 5, posted (11 years 7 months 1 day 18 hours ago) and read 1572 times:

Do that still have that rule in India that aircraft must be retired at 20 years?


OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
User currently offlineFLyHigh@Tom From India, joined Sep 2001, 388 posts, RR: 0
Reply 6, posted (11 years 6 months 4 weeks 1 day 9 hours ago) and read 1493 times:

Aircrafts in India retired after 20 years....???

I never heard of that..still i see some B732s which are well over 20 years flying around with Alliance Air...rather they are made up of only 732s got from IA.

Agree with Jaysit...it will surely take 290 years to buy 290 a/cs...surely with the present Bureaucracy in India.

Cheers
Thomas.


User currently offlineB747-437B From , joined Dec 1969, posts, RR:
Reply 7, posted (11 years 6 months 4 weeks 1 day 9 hours ago) and read 1501 times:

In all fairness, the 290 years would be required to buy anything from a single aircraft to a thousand, provided of course that the paperwork is properly filled out in triplicate with the rubber stamp in the correct place.

First time I'm hearing about this 20 year rule in India. AI has four 22-23 year old 747s flying right now without any problem, so I know this is not the case.


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