Airbus says planes demand to soar in India over next 2 decades

New Delhi, Mar 26 (KNN) The European planemaker Airbus has said that Indian airlines will see a rise in demand for airplanes over the next twenty years. 

It is expected that it will require about 2,100 new planes over the next two decades, including 1,770 small, and 440 medium and large planes, said Airbus in its latest India Market Forecast.

This will result in the growth of passenger traffic at 6.2 per cent every year by 2040.

On compilation of data it is revealed that India will need to add approximately 34,000 more pilots and 45,000 technicians in the next two decades. 

Speaking at the biennial Wings India event at Hyderabad, Remi Maillard, president and managing director, India and South Asia spoke about the unexplored potential for India to gain it’s share in the market.

India which is the third largest aviation market in the world has only 57 wide-body aircraft across its fleet, compared to 458 in China and 686 in the US, said Maillard.

Anticipating a shift to be triggered by A350, Maillard said a change in the market will boost aspiration of India. 

According to media reports Airbus is in talks with Tata Group-owned Air India for supplying A350 planes, which has a fleet of Boeing 787 and Boeing 777 wide-body aircraft that are used for long-haul destinations such as the US and Europe. (KNN Bureau)