Wednesday, August 4, 2010

India will need 1,150 planes worth $130 bn: Boeing

NEW DELHI: Major aircraft manufacturer Boeing revised upwards its market outlook for India saying the country would require 1,150 planes worth $130 bn over the next two decades.

The company, which had earlier estimated that 1,000 planes worth about $100 bn would be required in the country in the same period, revised its outlook on the basis of the estimated growth rates of GDP and passenger traffic.

"Most of these aircraft will be twin-aisle or the Boeing 787-8 type which will be able to fly point-to-point to destinations in Europe and the US to Indian cities," Boeing India President Dinesh Keskar told reporters here.

In 2000, there were only.....

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