India's air traffic to grow nearly 7% annually through 2040: Boeing

The projection is based on an over 20-year horizon and the growth could be much higher in the near-term

Boeing
India's air traffic to grow nearly 7 pc through 2040: Boeing
Press Trust of India New Delhi
1 min read Last Updated : Sep 01 2022 | 1:16 PM IST

Aircraft maker Boeing on Thursday said India's air traffic is projected to see a nearly 7 per cent annual growth through 2040.

Strong recovery is gaining further momentum in Indian aviation and it is one of the fastest growing markets, Boeing Managing Director (Marketing) David Schulte said here.

According to him, India's airlines will lead air traffic growth through 2040, growing at a rate of 6.9 per cent.

The growth for South East Asia market is pegged at 5.5 per cent, China (5.4 per cent), Africa (5.4 per cent) and Latin America (4.8 per cent), as per Boeing.

The projection is based on an over 20-year horizon and the growth could be much higher in the near-term.

A significant number of Boeing planes are being operated by Indian carriers.

The Indian aviation sector is on the recovery path after being severely hit by the coronavirus pandemic.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :BoeingAir trafficaircrafts

First Published: Sep 01 2022 | 1:16 PM IST

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