Boeing commercial aeroplanes Senior Vice-President (Sales), Asia Pacific and India, Dr Dinesh Keskar said India’s aviation market in the next two decades will need 2,100 aeroplanes costing $290 billion.
He was making a power-point presentation on the first day of Wings India 2018 aviation show at Begumpet airport here.
Dr Keskar said India is growing by more than 20 percent in air traffic. This is much above the global average of 7.3 percent. The domestic traffic exceeded 116.7 million passengers in 2017.
This is despite the higher fuel costs. Lower fares and increased load factors have enhanced the profitability.
He pointed out that fuel prices have risen 81% since early 2016. Indian carriers pay 110% more for fuel than the US carriers.