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India will require 2,210 new aircraft over next 20 years: Airbus forecast report

By Ruchi Upadhyay 
Updated Date

Hyderabad: India will require 2,210 new aircraft over the next 20 years, according to Airbus’ latest India Market Forecast. The fleet could comprise 1,770 new small and 440 medium and large aircraft.

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The forecast stated that viewing India’s growing population, the passenger traffic in India will grow at 6.2 per cent per annum by 2040, the fastest among the major economies and well above the global average of 3.9 per cent.

To serve its growing aviation industry India will require 34,000 additional pilots and 45,000 technicians by 2040.

With low-cost carriers making up the bulk of the Indian market, Airbus expects airlines will need 1,770 narrowbody planes to grow their fleets and replace old planes, with the remainder being widebody planes, Brent McBratney, head of airline marketing for India and South Asia, said at an air show.

India’s domestic and international air travel market is expected to grow 6.2% per year over the next 20 years, outpacing average global growth of about 3.9%, McBratney said. While a proliferation of low-cost carriers has spurred demand for narrowbody planes in India, McBratney also expects growth in long-haul travel, which he said was a largely untapped market for Indian carriers.

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Remi Maillard, President and MD, Airbus India & South Asia said, “We have seen India’s domestic market develop strongly with our flagship A320 aircraft. It is time now for Indian carriers to unlock the potential of international travel in and out of India, leveraging the country’s demographic, economic and geographic dividends.”

“There must now be a refleeting and rethinking about future-oriented solutions with technology that paves the way for sustainable long-range travel. The A350 is the perfect solution for that,” Maillard added.

Domestic air travel in India is recovering from the pandemic, helping airlines such as IndiGo, which is Airbus’ biggest customer for its A320 narrowbody planes, and Vistara, a joint venture between Singapore Airlines and Tata Sons, to boost capacity and utilisation levels.

But as crude prices hit record highs following Russia’s invasion of Ukraine, the cost of jet fuel has risen, which could lead to higher ticket prices and temper demand.

The complete Airbus product line comprises the only aircraft specifically designed for the small single-aisle market, the A220, the world’s best-selling A320 Family, the mid-size wide body A330/330neo and the Long-Range Leader, the A350. In the freight market, Airbus aircraft are available with the A320/321P2F (Passenger to Freighter), the A330-200F and A330P2F as well as the world’s newest freighter, the A350F.

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