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Boeing Co. raised its market forecast for India as the planemaker expects travel demand to grow in the world’s second-most populous nation.
Boeing predicts Indian airlines will need 1,740 new planes over the next 20 years, up from the 1,600 planes it forecast a year ago, Dinesh Keskar, a senior vice president at the Chicago-based company, said Wednesday at a briefing in New Delhi. Of those planes, valued at $240 billion, 84 percent of the demand will be for single-aisle aircraft, such as Boeing’s 737 and the A320 from rival Airbus Group SE.

Boeing expects global airlines will need 38,050 airplanes over the next 20 years valued at more than $5.6 trillion.

Lots of PCP components will be going into those airplanes...


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