Boeing Trims India Outlook For Jetliners Over Next Two Decades - Boeing (NYSE:BA)

Boeing Co BA says the Indian market would require 2,210 planes over the next twenty years, down from about 2,240 forecasted last year.
The cut comes despite the traffic rebounding from Covid.
Boeing said that single-aisle jets like the 737 Max would dominate, accounting for 90% of deliveries, with the remaining 227 to be widebodies in its latest outlook on the Indian market.
“More than 80% of new airplane deliveries to this market will be for growth, while 20% of new airplanes will be for replacement of aging jets,” Boeing’s Asia Pacific Commercial Marketing Managing Director Dave Schulte said in a statement Tuesday.
India’s aircraft departures are already back above pre-Covid levels, compared with about 77% for the global aviation market as a whole, Schulte told reporters at the Aero India airshow.
Boeing also expects India’s cargo fleet to grow from some 15 planes today to about 80 by 2041, Bloomberg reported.
China remains a far bigger market for Boeing — it expects the country will need 8,485 new aircraft through 2041.
Last week, Boeing and Airbus SE EADSY EADSF finalized its mega order of 500 jetliners with Tata group-backed Air India to be delivered over the next decade.
Price Action: BA shares are up 0.23% at $216.15 during the premarket session on the last check Tuesday.