Boeing expects South Asian airlines to order 2,345 aircraft over the next 20 years. India is the world’s fastest-growing major aviation market. Low-cost carriers, including IndiGo, SpiceJet, and AirAsia India, are Boeing’s biggest customers in India.
Boeing expects more orders from Indian airlines as they increase their capacity to meet rising demand in the world’s fastest-growing major aviation industry.
Boeing expects Indian airlines to raise capacity by at least 25% over the next year as post-pandemic air travel demand recovers and long-term growth settles at 7% a year, exceeding other top high-growth countries.
U.S. planemaker expects South Asian airlines to order 2,345 planes over 20 years.
“I certainly expect more widebody orders, and I expect more narrowbody orders from India,” Salil Gupte, president of Boeing India, told reporters in New Delhi.
IndiGo, SpiceJet, and AirAsia India dominate Indian skies with Airbus narrowbody jets.
Boeing dominates India’s widebody market, where fare wars and high costs have killed full-service operators like Kingfisher Airlines in 2012 and Jet Airways in 2019.
Akasa Air, Tata Sons-owned Air India, and the Jalan-Kalrock consortium at Jet Airways are giving Boeing hope by ordering new planes.
Akasa has 72 Boeing 737 MAX narrowbody planes, while Vistara has six 787 widebody planes on order. Air India and Jet Airways are ordering more.
SpiceJet, Boeing’s largest Indian customer, has 155 MAX orders. The loss-making airline has been sluggish in adding jets to its fleet, even after India’s aviation regulator authorized the 737 MAX for flights after two tragic incidents.
While supply chain snags are expected to continue for some time, Gupte said he hoped to “manage customer expectations” and “get them the products they need as quickly as possible.”...