Fundamentals of Indian aviation sector strong, no sign of slowdown: Boeing India

New Delhi: The fundamentals are strong for the growth of the Indian aviation sector. Aircraft maker Boeing has stressed that training people, harmonizing fuel taxes and continued investment in infrastructure is necessary to meet the demand. Boeing has orders for hundreds of aircraft from Indian airline companies. It has announced various investments including US$100 million for training of pilots in the country.

Salil Gupte, president of Boeing India, said in an interview, “We don’t see any slowdown (in India) and we see very high load factors (number of seats in the aircraft), very high rates of profit, and very high volumes of aircraft” among airlines. Seeing strong demand. We have seen some of the biggest orders ever placed in the world here. He said, “Overall we are seeing that the demand is increasing.

As new terminals are being built. New greenfield airports are coming up… We are also seeing significant progress in infrastructure… This is going to be a boon for the Indian aviation sector. He said that for the last several years everyone was expecting a significant growth in the Indian aviation sector, and now it is really happening. India is one of the fastest growing civil aviation markets in the world.

Indian airlines have ordered about 1,500 aircraft. Earlier this year, Air India had placed an order for 470 aircraft, including 220 from Boeing. Gupte said Indian airlines are expected to need more than 2,200 aircraft in the next 20 years. He also added that for this it is necessary to have enough pilots and mechanics in the country.

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