July 30, 2007

THE GOOD 911:

Boeing predicts $42bn India orders (Jul 30, 2007)
India will likely need 911 new passenger jets over the next 20 years to meet the growing demand for air travel, Boeing said, announcing an upward revision to its earlier forecast.

India's demand for new planes over the next 20 years could result in orders worth 86 billion US dollars ($42.5 billion) at current list prices, making it one of the world's largest markets for new jets, Boeing said in its latest market outlook for India.

India's rapid economic expansion in recent years, coupled with policies to break the monopoly of state-run companies in the airline sector has driven demand for air travel and new planes.
It's that breaking of state-run companies that sounds Airbus's death knell.

Posted by Orrin Judd at July 30, 2007 8:55 AM
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