Key Points
Mumbai: Indian carriers are expected to have an order book for 2,000 planes by March next year, with long-term rapid growth for both domestic and international air traffic, according to a report on Friday..
The domestic airlines currently have an order book for close to 1,620 aircraft, including the 150 narrow-body Boeing 737 Max order announced by Akasa Air on Thursday, aviation research and consulting firm CAPA India said on Friday...
This order book, however, does not include SpiceJet as well as grounded carrier Go First, CAPA India said...
The current Indian order book is more than 2.5 times the size of the number of aircraft in service, CAPA India said, adding this is by far the highest ratio in the world, reflecting the optimism about future growth...
Airlines have the confidence to place larger orders because the penetration of air travel in India is by far the lowest among the world's 20 largest domestic markets, reflecting massive upside potential, it said.. India is in a unique position, in terms of scale, growth and geography..
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