Boeing predicts India will be fastest-growing market, valued at US$330 bil

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Boeing predicts India will be fastest-growing market, valued at US$330 bil
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First deliveries of the 777X to the South Asian nation are planned in the next 18 months. FMTNews Boeing

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NEW DELHI: India will be the world’s fastest-growing aviation market over the next two decades, according to Boeing Co, which expects the South Asian nation to need 2,380 planes in that period at a value of US$330 billion.

At a briefing in New Delhi on Wednesday, Boeing’s deputy vice-president of commercial marketing Darren Hulst said first deliveries of the 777X are planned in the next 18 months. The previously best-selling jet has been grounded globally since mid-March following deadly crashes in Ethiopia and Indonesia.

Boeing also lost a US$25 billion, 210-aircraft order from Jet Airways India Ltd earlier this year after the carrier stopped flying.

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