22, February, 2024
HomeIndiaIndia Set to Soar with Over 2,500 New Aircraft by 2042

India Set to Soar with Over 2,500 New Aircraft by 2042

Published on

In a recent announcement, Boeing highlighted India as the sole large economy in Asia that has not only recovered to pre-pandemic levels but has surpassed them, both domestically and internationally.

Read Also | Security Concerns in the Southern Red Sea: Houthi Rebels Seize Cargo Ship Amidst Rising Tensions

The surge in demand, driven by substantial traffic growth, indicates a need for over 2,500 new aircraft by 2042, according to Darren Hulst, Boeing’s Vice President of Commercial Marketing.

Speaking at a press conference, Hulst emphasized the significant expansion expected in South Asian carriers’ fleets over the next two decades. The projections anticipate a quadrupling in size to meet the escalating demands of passengers and cargo. Hulst stated, “To address growth and fleet replacement, these carriers will require more than 2,705 new airplanes, with over 92 percent of them, or over 2,500, needed by India by 2042.”

Boeing foresees that the South Asian region, including India, will witness a demand for over 2,700 aircraft deliveries by 2042. This includes a fleet composition of more than 2,300 single-aisle and nearly 400 wide-body aircraft for long-haul flights. The company underscores India’s unique position as a crucial market that has swiftly rebounded to pre-pandemic demand levels, showcasing the significance of air travel in the country’s robust economy.

Hulst further emphasized the growth potential in India’s cargo fleet, projecting an increase of 80 airplanes over the next 20 years. Currently, with only 15 freighter aircraft in operation, there is a vast untapped potential in the cargo sector.

Read Also | Air India’s New A350 Aircraft: A Glimpse of the Revamped Fleet

This announcement not only underscores the rising demand for air travel in India but also signifies the country’s strong economic standing and its integral connection to sustained growth in the aviation sector.

Latest articles

India-China Corps Commander Talks: 21st Round Addresses Disengagement Challenges

The 21st Corps Commander Level Meeting between India and China unfolded on Monday at...

Centre Urges Dialogue as Farmers Tear-Gassed: Latest Developments in Delhi Chalo Protest

On Wednesday, the Centre appealed to protesting farmers for the fifth round of talks,...

UN Halts Vital Food Aid to Northern Gaza Amid Escalating Violence

The World Food Programme (WFP), a key humanitarian organization, has suspended crucial food deliveries...

More like this

India-China Corps Commander Talks: 21st Round Addresses Disengagement Challenges

The 21st Corps Commander Level Meeting between India and China unfolded on Monday at...

Centre Urges Dialogue as Farmers Tear-Gassed: Latest Developments in Delhi Chalo Protest

On Wednesday, the Centre appealed to protesting farmers for the fifth round of talks,...

Raisina Dialogue 2024: Exploring Global Challenges and Opportunities

The Raisina Dialogue, a significant annual conference focusing on geopolitics and geoeconomics, is set...
Enable Notifications OK