Hyderabad, March 10, 2018: European aviation major Airbus today said it expects to deliver one aircraft per week on an average to Indian carriers over the next 10 years, even as it projects a need for 1,750 new planes over the next 20 years.
“Airbus will be delivering one plane on an average per week to airlines in India over the next 10 years,” Airbus Commercial Aircraft, India president Srinivasan Dwarakanath, said at aviation event Wings India here today.
The company in its latest India market forecast estimated that the country would need 1,750 new aircrafts over the next 20 years (2017-2036), comprising 1,320 single-aisle and 430 wide-body aircrafts, valued at USD 255 billion.
While much of the air traffic growth is expected to be driven by the fast expanding economy, rising wealth and urbanisation, the aircraft maker said ambitious government-backed regional connectivity programmes are also set to enhance demand for air travel according to economictimes.indiatimes.com.
Airbus said that Indians will each make four times as many flights as today by 2036, leading to a 8.1 per cent growth every year in passenger traffic over the next 20 years, almost twice as fast as the global average of 4.4 per cent.
“Domestic traffic in India is expected to grow five-and-half times over the next 20 years, reaching the same level as the domestic traffic in the US today, making it one of the world’s fastest growing markets,” the report said.