By Abhijith Ganapavaram
Feb 6 (Reuters) - Boeing ( BA ) said on Thursday it
expects Indian and South Asian airlines will add 2,835
commercial aircraft to their fleet over the next 20 years, a
four-fold increase over current levels, as a rising middle class
and healthy economic growth spur travel.
The U.S. planemaker's previous rolling 20-year forecast that
it issued last year was for 2,705 jets.
"People will have greater access to air travel, and the
region's airlines will require a modern fuel-efficient fleet to
meet increased demand over the next two decades," said Ashwin
Naidu, Boeing's ( BA ) managing director of commercial marketing for
India and South Asia.
The planemaker estimated that carriers in the two regions
will take delivery of 2,445 single-aisle aircraft, representing
roughly nine out of ten deliveries, while widebody fleet size
will quadruple after adding 370 aircraft.
It also expects the region's air traffic will grow more than
7% annually through 2043.
India is the third-largest domestic aviation market in the
world after the U.S. and China and it is also the
fastest-growing market, with IndiGo and Air India the
top two airlines.
Indian airlines have about 1,800 aircraft on order with
global planemakers and are scheduled to take delivery of 130
jets this year, according to data from UK-based Cirium Ascend.
But airlines worldwide are struggling to procure jets on
time as supply chain issues pressure production at Boeing ( BA ) and
Airbus. Order books at both planemakers are also sold out for
several years of production.
Boeing's ( BA ) deliveries dropped in 2024 to the lowest level
since the COVID-19 pandemic in part due to a crippling strike,
but the planemaker said last month it was making progress on
increasing plane production. Airbus, meanwhile, fell
fractionally short of its 2024 target.
Demand for pilots, cabin crew and technicians will also
quadruple to 129,000 over the next 20 years, Boeing ( BA ) added on
Thursday.