To help meet this growth, India will need 1,320 new single-aisle aircraft and 430 wide body aircraft, valued at USD255 billion. While much of the air traffic growth is expected to be driven by the country’s expanding economy, rising wealth and urbanisation, ambitious government-backed regional connectivity programmes are also factors that are set to enhance demand for air travel.
The complete Airbus product line comprises the single aisle A320 family, A330 and A330neo, the A350 XWB mid-size widebody category and the flagship A380. In the freight market, Airbus currently offers the new-build A330-200F and the Passenger-to-Freighter (A330P2F) programme.
To conclude, India is set to become the world’s third-largest aviation market during the 2019 – 2020 period.