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Boeing raises India aircraft forecast

A stable rupee with decreasing fuel prices will reduce break-even fares of Indian airlines, Keskar said.

By: ENS Economic Bureau | New Delhi | August 13, 2015 2:01:45 am

US-based aircraft manufacturer Boeing today said Indian carriers will need 1,740 new airplanes, valued at $240 billion, through 2034. The estimates this year are higher than last year, when the company had estimated demand in India to be at 1,600 new airplanes worth $205 billion over 20 years.

Dinesh Keskar, senior vice president, Asia Pacific and India sales for Boeing Commercial Airplanes, said in a presentation that 84 per cent of the new planes required would be single-aisle, while 15 per cent would be wide-body aircraft.

A stable rupee with decreasing fuel prices will reduce break-even fares of Indian airlines, Keskar said, adding that increased fare discipline is required to grow profitability.

Terming SpiceJet’s fundamentals as strong, Keskar said that he is not concerned about the airline taking Airbus aircraft on wet lease. He informed that SpiceJet took three Airbus aircraft on wet lease for three months because the airline could not get Boeing aircraft from the market.

“After making profit for two consecutive quarters, lessors are again interested in SpiceJet. Spicejet has got one of its plane back and the other one will also be joining the fleet in another 48 hours,” he said.

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