- Shooting death of gay man rocks New York's cradle of gay rights
- Taxes on some wealthy French top 100 pct of income: paper
- Powerful tornadoes strike in four central U.S. states
- Hezbollah steps up Syria battle, Israel threatens more strikes |
- Venezuela says taking steps to restore U.S. diplomatic ties
UPDATE 1-India plane demand seen $130 bln over 20 yrs-Boeing
* Indian carriers will need 1,150 jets by 2030 - Boeing
* Raises forecast from 1,000 aircraft (Adds details throughout)
By Bappa Majumdar
NEW DELHI, Aug 3 (Reuters) - India's expanding aviation sector will require 1,150 commercial jets valued at $130 billion over the next 20 years, a Boeing Co (BA.N) executive said on Tuesday.
Dinesh Keskar, the head of the U.S. aircraft manufacturer's operations in India, said with more private carriers entering the aviation sector the demand for aircraft was increasing.
"This is a market representing more than 4 percent of Boeing commercial airplanes' worldwide forecast," he told reporters.
In 2009, the firm had said India would require 1,000 planes worth $100 billion over 20 years.
"We went through the deepest recession in the history of aviation but now India's recovery is one of the fastest," Keskar said.
"We believe there will be a record 50 million passengers this year if the trend continues," he said. Indian airlines carried 44 million passengers in 2009.
Keskar also said that state carrier Air India [AI.UL] was entitled to compensation from Boeing for delays in the delivery of Dreamliner planes.
Last month Air India said it has sought compensation from Boeing for the delay in deliveries of the Dreamliner. The first Dreamliner was originally scheduled to be delivered in 2008.
Air India says it has plans to acquire 27 Dreamliners from Boeing in phases.
Boeing plans the first delivery of the lightweight carbon-composite 787 Dreamliner, which is already more than two years behind schedule, in the fourth quarter. But it also said the delivery may slip into 2011.
"Delays in 787 delivery entitles Air India for a compensation," Keskar said. (Additional reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan and Muralikumar Anantharaman)
- Tweet this
- Share this
- Digg this