Boeing in talks with India airlines on 737 MAX jets
It forecasts sector to grow more than 5 times over 20 years
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[HYDERABAD] Boeing is in talks with Indian airlines Jet Airways and Air India about the sale of its 737 MAX jets, a Boeing executive told Reuters yesterday, as the aircraft manufacturer raised its forecast for demand in India.
Boeing now expects India's commercial aviation fleet to grow more than five times in size over the next 20 years, with demand for 1,600 new airplanes valued at US$205 billion.
This is an increase from a Boeing forecast last year of 1,450 new airplanes worth US$175 billion. Rival Airbus said yesterday that India needs 1,290 aircraft - 73 per cent of them additions - worth more than US$190 billion in the next 29 years.
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