NEW DELHI (Reuters) – Planemaker Boeing Co expects Indian airlines to boost their capacity by at least 25% over the next year as demand rebounds quickly in the world’s fastest-growing major market, an executive said on Thursday.
“We are forecasting airlines to rebound quickly and add 25%-plus percent annual seats back into the market,” Dave Schulte, the managing director for regional marketing at Boeing Commercial Airplanes, told reporters.
In the longer term, Boeing expects an annual capacity increase of 7% in India, outpacing other top high-growth markets, he added.
(Reporting by Aditi Shah; Writing by Jamie Freed; Editing by Clarence Fernandez)
