- Boeing (BA -2%) forecasts that India will need 1,740 new airplanes valued at $240B in the next two decades, as more of the country's middle class takes to air travel.
- More than 80% of India's demand is expected to be for single-aisle planes such as the Boeing 737 and Airbus 320, says the senior VP of sales for Asia Pacific and India for Boeing's commercial airplanes.
- The new forecast is rosier than projections Boeing made last year, when it estimated Indian demand at 1,600 new airplanes worth $205B over 20 years.