Boeing says India needs planes worth 86 bln usd in next 20 yrs

US aerospace giant Boeing Co has revised upwards its estimate of the commercial aircraft India will need in the next two decades to 911 from 856, but added that demand will still be far below China's.

The new order projection is worth more than 86 bln usd, compared to a previous estimate of 72 bln usd last year, said Dinesh Keskar, Boeing (nyse: BA - news - people )'s senior vice president in India.

'The increased projection is supported in part by robust economic growth, and increasing demand for domestic and international travel and ongoing efforts within airlines to reduce costs,' a statement from Seattle-based Boeing said.

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- Posted: 2007-07-30 10:29:25

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