Aviation

India demand for new aircraft forecast at 1,750 over 20 years

Boeing and Airbus will display these aircraft at Farnborough.

• 20-year growth almost twice as fast as the world average

• Largest footprint in India of any International aircraft manufacturer

• Every Airbus commercial aircraft is partly ‘Made in India’

Hyderabad, 09^th March 2018 – India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet an exponential rise in both passenger and freight traffic, according to Airbus’ latest India Market Forecast. To help meet this growth, India will need 1,320 new single-aisle aircraft and 430 wide-body aircraft valued at US$255 billion.

While much of the air traffic growth is expected to be driven by the fast expanding economy, rising wealth and urbanisation, ambitious government backed regional connectivity programmes are also set to enhance demand for air travel. By 2036, Indians will each make 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.

Domestic Indian traffic is expected to grow five-and-half times over the next 20 years (2017-2036) reaching the same level as USA domestic traffic today, making it one of the world’s fastest growing markets, according to Airbus’ latest India Market Forecast for the period.

India highlights:

More than 70% backlog order share; More than 60% of in-service fleet
8.1% annual growth in passenger traffic (global average 4.4%)
India is set to become the world’s third largest aviation market by 2019/20
New aircraft needs: 1,320+ single aisle, nearly 430 wide-bodies / US$255 billion
Indian passenger traffic expected to grow by five-and-half times
By 2036, Indian passengers will on average make four times as many flights as today
On average one Airbus aircraft will be delivered to India every week for next 10 years
Airbus secures 6,000 jobs including 1,500 engineers in India
Annual sourcing from India at more than US$550 million

Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

Airbus and the Antonov An-225: The Best Partnership:Click here

“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

The six largest cargo aircraft ever built in the aviation industry:Click here

“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”