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India will order up to 2,380 aircraft from airplane makers over 20 years: Boeing

India's passenger traffic had risen at around 20% in recent years, making it one of the world's fastest-growing aviation markets

twitter-logo Reuters        Last Updated: November 6, 2019  | 14:56 IST
India will order up to 2,380 aircraft from airplane makers over 20 years: Boeing
At present, Airbus SE has the dominant market share in India, where the largest airline, IndiGo, operates an all-A320 family fleet

Boeing Co forecast Indian airlines will order up to 2,380 planes from global planemakers over the next 20 years, 80 more than it predicted last year.

Darren Hulst, a senior marketing executive at Boeing, also confirmed to reporters on Wednesday that it was working with regulators on returning the 737 MAX to service and that the company expected the model to return to commission in the fourth quarter in the United States.

India's passenger traffic had risen at around 20% in recent years, making it one of the world's fastest-growing aviation markets, but growth has stumbled this year following the collapse of Jet Airways Ltd  in April and softer economic conditions.

At present, Airbus SE has the dominant market share in the country, where the largest airline, Interglobe Aviation Ltd's IndiGo, operates an all-A320 family fleet and last month ordered another 300 of the planes.

Also read: Why IndiGo wants to buy 300 Airbus planes when it's already sitting on 430 aircraft order

Also read: SpiceJet may buy 100 Airbus planes as issues with Boeing 737 Max continue; also eyes IPO for cargo unit

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