Planemakers up India forecasts

Airbus and Boeing have revised their 20-year market outlook for India, stating that the country will see more aircraft sales until 2032 than what they had estimated in 2012. Airbus says that between 2012 and 2032 India would need 1,290 aircraft valued at $190 billion. In 2012, its prediction for 2012-2032 was for 1,045 planes at $145 billion. Boeing’s outlook says that between 2013 and 2032 Indian airlines will buy 1,600 aircraft valued $205 billion. Last year, Boeing had predicted that in the same period India would need 1,450 planes valued at $175 billion. (Source: The Economic Times, 03/14/14) Gulf Coast note: Airbus is building an A320 assembly line in Mobile, Ala.