Devdiscourse
Development News Edition
Give Feedback
write for Us

Future's bright: Boeing sees aircraft boom in India


Devdiscourse News Desk new delhi India
Updated: 19-12-2018 14:46 IST
Future's bright: Boeing sees aircraft boom in India

Boeing expects a demand for 2,300 new aircraft in India, valued at $320 billion, over the next 20 years

Global aerospace major Boeing expects a demand for 2,300 new aircraft in India, valued at $320 billion, over the next 20 years.

According to the company's 2018 Commercial Market Outlook (CMO) for India, factors such as rise in GDP output along with increase in infrastructure spend and growth of low-cost carriers will lead to the fulfilment of the demand forecast.

However, the outlook cited the volatile exchange rate, high fuel price and low fare yields as challenges faced by the domestic industry.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : India

POST A COMMENT