<div><em>Boeing's latests market outlook projects a worldwide demand for 38,050 new airplanes over the next 20 years. <strong>C.H. Unnikrishnan</strong> reports</em><br><br>Aircraft maker Boeing Commercial Airplanes has projected a demand for 1,740 new airplanes, valued at $240 billion, over the next 20 years in India. The company in its latest India market outlook report released on Thursday (13 August) said that the South Asia region will have among the highest traffic growth around the world at 8.6 per cent. </div><div> </div><div>“India’s economy and the country’s potential for air travel growth – both for leisure and business – continues to be strong and we remain confident in the Indian commercial aerospace market.” said Dinesh Keskar, senior vice president of Asia Pacific and India Sales, Boeing Commercial Airplanes, while releasing the report in Mumbai. </div><div> </div><div>The Boeing market outlook 2015 forecasts that the largest demand from airlines in India will be for single-aisle airplanes such as the Next-Generation 737 and new 737 MAX, while twin-aisle airplane demand, such as the 777 and 787 Dreamliner families will also continue. The number of low cost carriers is projected to grow to more than 30 percent of the total Indian market, the report says. </div><div> </div><div>"The Indian market is highly competitive and airlines are adapting with added capacity, moderate pricing discipline and new business models, such as the growing number of low cost carriers,” Keskar said adding that the company continue to believe that its comprehensive airplane family meets the customers’ needs with superior economics and fuel efficiency, improved environmental performance and a great passenger experience.</div><div> </div><div>Referring to the future demand for specific models, the company claimed that Next-Generation 737's market success has been confirmed by investors who consistently rank it as the most preferred single-aisle airplane due to its wide market base, superior performance efficiency and lowest operating costs in its class. While, the 737 MAX will build on the strengths of today's Next-Generation 737 by incorporating the latest-technology to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. </div><div> </div><div>The aeroplane maker also said that its 777 family currently provides the most payload and range capability and growth potential in the medium-sized airplane category along with low operating costs. While, building on the passenger-preferred and market-leading 777 family of airplanes-- 777-8X and the 777-9X, are designed to respond to market needs and customer preferences. Boeing's 787 Dreamliner is a new super-efficient family of commercial airplanes that brings big-jet ranges and speed to the middle of the market. </div><div> </div><div>It had also designed the 787 family with superior fuel efficiency, which allows airlines to profitably open new routes to fly people directly where they’d like to go in exceptional comfort. "Since entering service in 2011, the 787 family has already opened more than 50 new non-stop routes around the world," Boeing said. </div><div> </div><div>Boeing's latests market outlook projects a worldwide demand for 38,050 new airplanes over the next 20 years, with India carriers needing more than 4.5 per cent of the total global demand during the forecast period. </div><div> </div><div>Boeing's Current Market Outlook is the longest running jet forecast and regarded as the most comprehensive analysis of the aviation industry, the company claimed. </div><div> </div>
