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.
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.
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.