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Boeing raises forecast as Indian airlines rush to expand fleet

Aug 12, 2015    

New Delhi: India's airlines continue to pile up losses but the market outlook for the next two decades keeps improving nevertheless. India is already the fastest growing aviation market in the world and plane maker Boeing today raised forecast further to 1,740 new aircraft worth $240 billion in the next two decades as more and more Indians take to the skies. This is a significant increase from the 1,600 new planes it had forecast a year ago. Boeing says over 75 million Indians will fly on domestic routes in calendar 2015 against 66.4 million last year. But despite this vast increase in annual ...

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