India approves import of 375 aircraft
08 / 08 / 2010
INDIA’s civil aviation ministry has given its approval to import 375 aircraft into the country.
“The government has granted permission for import of 49 aircraft for scheduled air transport services,” said civil aviation minister Praful Patel. “The approval for these aircraft is valid [for] one year.”
India’s aviation market is seeing some stabilisation and so airlines, such as Jet are working on expanding their fleets. Jet has sought permission to import 13 aircraft, with Deccan Cargo and Aryan Cargo each wanting eight and two jets respectively.
Boeing believes India will require 1,150 commercial jets worth US$130 billion over the next 20 years.