Boeing's Bullish India Outlook May Undercount Regional Aircraft
CRJ, Q400, CSeries, ATR, Embrear, Airbus, Boeing?
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by Neelam Mathews - AINonline
Boeing's 20-year market outlook for India, released on July 31, reflects the manufacturer's optimism that the Indian economy will remain strong and grow from the world's seventh to third largest by 2037. But that outlook may underestimate the need for smaller regional jets identified during a conference the following day in India's northeast region.
Based on the expected economic underpinning, Boeing forecast a demand for 2,100 new airplanes valued at $290 billion over the next two decades, increasing from the 1,850 new airplanes it predicted last year. "This is the highest-ever forecast we have presented for India," Dinesh Keskar, Boeing senior vice president of sales for Asia-Pacific and India, said during a briefing in Delhi.
The bullish Boeing forecast, however, calls for only 10 new deliveries of regional jets of 90 seats and below from 2017 to 2036—the same number as estimated last year.
Boeing is "still gaging how regionals will pan out" and may increase its forecast for smaller jets next year, Keskar said. He agreed that India's Regional Connectivity Scheme (RCS) called Udan ("Let every person fly") will open new regional routes for aircraft including Boeing's 737 narrowbody airliner. "Over the next four-to-five years, the growth on those (regional) routes will make a Boeing 737 viable. We are very bullish that if it (RCS) works out, we will be one of the beneficiaries," he told AIN.
India recently launched the first...