Optimistic on Indian aviation sector in long-run: Boeing

Boeing management said that while the aviation sector in India may continue to face short term pain, the overall sentiments would improve in the coming years with new players like Air Asia and Tata-SIA entering the market. Dinesh Keskar, VP- sales, of Boeing Commercial Airplanes is very bullish on the Indian aviation sector going forward.

Also read: What govt needs to do to boost low-cost carriers in India

Below is the edited transcript of his interview to CNBC-TV18.

Q: What are your thoughts on the Indian aviation market?

A: We have a very good backlog in our system and we can adjust some of it if we need to. However we think Indian market will continue to grow.

There could be a slower growth; there could be a higher growth. But it will grow and we continue to be bullish on Indian market. This is a key product and we will be here.

Q: There are new alliance coming in AirAsia; Tata Singapore Airlines have already applied for NOC. So, overall does it augur well for the overall aviation market? As a big manufacturer how do you look at these developments?

A: We have always said that this is a market that is going to grow. Our forecast today is about 1450 airplanes, USD 175 billion. The forecast doesn't say who will be the airlines flying. The demand for this market is to satisfy its needs.

Clearly, we will see that this forecast will be matched because our previous forecasts have been true. I have no reason to believe this forecast will not be matched. Tata-Singapore and other airlines into the market will only help this forecast grow.

If the prices of the fuel and exchange rate, which is out of control of the airline are reasonable, the growth here is going to be phenomenal.

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