India needs over 2,500 new aircraft by 2042, says Boeing Vice President

Backed by high traffic growth, India will need more than 2,500 new aircraft deliveries by 2042, Darren Hulst, Boeing vice-president of Commercial Marketing said.

Backed by high traffic growth, India will need more than 2,500 new aircraft deliveries by 2042, Darren Hulst, Boeing vice-president of Commercial Marketing said.

Addressing a press conference, Mr. Hulst said to meet the rising passenger and cargo demand, South Asian carriers are projected to quadruple the size of their fleets over the next two decades and they will require more than 2,705 new airplanes to address growth and fleet replacement.

"Over 92% of that (2,705) or over 2,500 (aircraft India will need) by 2042. It is based on the (forecast given in) middle of the last year," he told reporters.

"We project that carriers here (South Asia including India) will need more than 2,700 aircraft deliveries by the year 2042," he said, adding a similar composition of the fleet with more than 2,300 single aisle, nearly 400 wide body aircraft for long haul would be needed.

According to Boeing, India is the only large economy, a large market in Asia that has evolved to pre-pandemic levels both domestically and internationally in terms of demand.

That reflects how important air travel is in the marketplace, also the strength of the Indian economy and how connected a traveller is to continued growth, he further said.

He said it is expected that the India cargo fleet will go up to 80 airplanes over the next 20 years as against the 15 freighter aircraft now.