India needs over 2,000 new aircraft in next 20 years: Airbus
India Today
According to Airbus’ latest India Market Forecast, India will require 2,210 new aircraft over the next 20 years. India has witnessed an upward trend in the growth of air traffic over the last ten years.
India will require 2,210 new aircraft over the next 20 years, according to Airbus’ latest India Market Forecast. That fleet could comprise 1,770 new small and 440 medium and large aircraft.
Over the next decade, India will grow to have the largest population in the world, its economy will grow the fastest among the G20 nations, and a burgeoning middle class will spend more on air travel. As a result, passenger traffic in India will grow at 6.2% per annum by 2040, the fastest among the major economies and well above the global average of 3.9%.
India has witnessed an upward trend in the growth of air traffic over the last ten years with domestic traffic growing almost threefold and international traffic more than doubling.
On international routes, India has only about 1/10th of the wide body fleet installed in similar markets, depriving homegrown carriers of a larger share of the profitable long-haul routes now dominated by foreign airlines.
“We have seen India’s domestic market develop strongly with our flagship A320 aircraft. It is time now for Indian carriers to unlock the potential of international travel in and out of India, leveraging the country’s demographic, economic and geographic dividends,” said Remi Maillard, President and MD, Airbus India & South Asia.
“Whether it is expanding existing airlines or supporting new airlines, there must now be a re- fleeting and rethinking about future-oriented solutions with technology that paves the way for sustainable long-range travel. The A350 is the perfect solution for that,” Maillard said, announcing the India Market Forecast on the opening day of the Wing India air show being held at Hyderabad from March 24 to 27, 2022.
To serve its growing aviation industry, India will require an additional 34,000 pilots and 45,000 technicians by 2040.
