Airbus, the European aircraft manufacturer, has predicted India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet the exponential growth in both passenger and freight traffic.
For the demand growth over the next 20 years, Airbus has said India will need 1,320 new single aisle aircraft and 430 wide-body aircraft with an estimated book value of US$255 billion.
Being extremely upbeat on India, the European aerospace major said that while much of the air traffic growth is expected to be driven by the fast expanding economy, rising wealth and urbanisation, regional connectivity programmes are also set to enhance demand for air travel.
By 2036, Indians will take four times as many flights as today. As a result, traffic serving the Indian market is forecast to grow 8.1 per cent per year over the next 20 years, almost twice as fast as the world average of 4.4 per cent. The domestic Indian traffic is expected to grow five-and-half times in 20 years (2017-2036), reaching the same level as US domestic traffic, making it one of the world’s fastest growing markets, the forecast said.
“Make in India is at the heart of our strategy. Airbus has the largest footprint in India of any International aircraft manufacturer, nationwide across all aircraft programmes. Our sourcing volume has grown 16 times over the past 10 years and it is currently at more than $550 million annually,” said Srinivasan Dwarakanath, president, Airbus Commercial Aircraft in India.
Incidentally, the sourcing has increased to $1.5 billion in the last three years, he added. India is set to become the world’s third largest aviation market by 2019-20 and Airbus is well positioned to partner it in its growth, with backlog orders of over 530 aircraft to date. The Airbus product line comprises the best-selling A320 Family in the single aisle market, the popular A330 and A330neo, the A350 XWB in the mid-size wide-body story_category and the flagship A380 in the very large aircraft segment.
The Singapore Army is set to complete the transition from the Ultimax 100 SAW (Section Automatic Weapon) to the Colt…
Lockheed Martin has delivered the first of eight C-130J-30 Super Hercules tactical airlifters to the Ohio Youngstown Air Reserve Station,…
Challenge Group has announced the appointment of Eyjolfur (Eyvi) Vestmann Ingolfsson as its new Head of Materials and Logistics, aimed…
SATS Airport Services Pte Ltd, a wholly-owned subsidiary of SATS Ltd (SATS), SIA Engineering Company Limited (SIAEC), and Changi Airport…
INJAZ Al-Arab, a Jordan-based non-profit education and training organisation and a member of Junior Achievement (JA) Worldwide, has partnered with…
The Royal Thai Air Force (RTAF) officially accepted the delivery of its initial pair of AT-6TH Wolverine turboprop aircraft in…
TransNusa is set to become the first foreign airline to operate from Sultan Abdul Aziz Airport, commonly known as Subang…
SATS Ltd, a Singapore-based provider of air cargo handling services and food solutions, has entered into a Memorandum of Understanding…
The Royal Thai Air Force (RTAF) has chosen the Swedish-manufactured SAAB JAS 39E/F Gripen over the American Lockheed Martin F-16…
Batik Air Malaysia has unveiled two new routes from Kuala Lumpur to Thailand, with Hat Yai and Krabi being the…
Boeing and Emirates SkyCargo have announced an order for five additional 777 freighters. The purchase takes Emirates' order book to 245…
Boeing aircraft will be conspicuous by their near-total absence from the show, but the American OEM is expected to walk…
Eve Air Mobility will provide an update on key program milestones, including its first full-scale prototype, at the Farnborough Air…
Boeing, which is not bringing any of its commercial jets to this year's Farnborough Airshow, will instead focus on highlighting…
Gulfstream Aerospace has appointed Smitha Hariharan as vice president and chief sustainability officer, effective immediately. In the newly created role,…
Rafael Advanced Defense Systems has been upgraded to an 'A' credit rating by S&P Global Ratings, with a stable outlook.…
Qantas will likely use a North Pole route to achieve its Project Sunrise Sydney to London nonstop with the A350-1000…
Fincantieri marked an important milestone with the launch of the seventh PPA (Multipurpose Combat Ship), named "Domenico Millelire," at the…
Sierra Space Corporation, in collaboration with Japan Airlines Co., Ltd., Kanematsu Corporation, and Oita Prefecture, has announced the inclusion of…
The Malaysian Army has recently announced a tender inviting local companies to supply and deliver 800 M72 Light Anti-tank Weapon…
China has proposed supplying the Type 052D destroyer to the Indonesian Navy (TNI AL) as part of a broader effort…
Following the recent signing of the Reciprocal Access Agreement (RAA) between the Philippines and Japan, reports suggest that the Philippines…
The U.S. military has awarded SRC, Inc. a contract worth USD 25 million to develop the Long-Range Radar, a large…
Australia’s largest international air combat training exercise, Exercise Pitch Black, is set to take place from 12 July to 2…
The Spanish space launcher company, PLD Space, has secured a EUR31.2 million syndicated loan with Banco Santander, EBN Banco, and…
Malaysia Airlines’ inaugural A330neo has been unveiled in Toulouse, proudly displaying the airline’s distinctive Malaysia flag livery. This milestone marks…
IFS, a Sweden-based provider of cloud and industrial AI software, has announced the acquisition of EmpowerMX - an AI-powered aviation…
The Indonesian Navy (TNI AL) launched two new Dorang-class patrol vessels in Serang, Banten province, on Friday (Jul. 12). Constructed…
Vietjet, in partnership with the Ministry of Public Works and Transport of Laos, has announced a new agreement aimed at…
China Southern Airlines (CSN) and Malaysia Airlines (MAS) have expanded their codeshare flights to encompass three new routes: Guangzhou-Penang, Kuala…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.