India's civil aviation industry expected to grow over the next 20 years

Airline Industry Information, August 4, 2005

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

India's civil aviation industry will need to purchase 490 aircraft over the next 20 years, according Dinesh Keskar, vice-president for sales at Boeing.

According to estimates from the aircraft manufacturer, falling ticket prices and an increase in passenger traffic will cause an increase in the demand for aircraft. Keskar told Reuters that the passenger traffic in India is likely to increase by 20% over the next three to four years.

The Indian authorities have reportedly said that the domestic and international air traffic will increase by about 20% annually, due to investments from the government and private sector. The investments have been estimated at USD20bn over the next five years and the increase of aircraft numbers is expected to double the number of civilian passenger aircraft in India to 400.

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