This rise in demand comes amidst new aviation rules in the country, the aircraft manufacturer told Reuters.

Last month, India overhauled rules governing its aviation industry, liberalising norms for domestic carriers to fly overseas and spreading the country’s air travel boom to smaller cities by capping airfares and opening new airports. According to Boeing’s Current Market Outlook, single-aisle airplanes such as the next generation 737 and 737 MAX will continue to account for the largest share of new deliveries. The total new deliveries in this category are estimated at 1,560 airplanes. These new jets will continue to support the growth of low-cost carriers and replace older, less efficient ones. Widebody planes will account for 280 of the new deliveries, with a total value of US$85 billion.

Boeing expects a worldwide demand for 39,620 aircraft over the next 20 years, with India carriers needing more than 4.6 percent of the total global demand. Asia Pacific alone accounted for 15,130 planes.

APMEN Sept 2016, News