India's airlines have bounced back well beyond pre-pandemic levels, Boeing said, as Air India, the country's national carrier, prepared to unveil an historic order for almost 500 new planes on Tuesday.
The widely anticipated move is expected to include a major deal for French-U.S. engine maker CFM International, co-owned by General Electric and France's SafranNone of the companies commented ahead of the announcements, which have triggered hopes of significant industrial spin-offs for local suppliers at the air show, though the commercial dealmaking is happening away from the mainly defence event.
"The Indian market is recovering rapidly and its domestic capacity has exceeded 2019 levels, with domestic traffic expected to double by the end of this decade," Dave Schulte, Boeing commercial marketing managing director for Asia Pacific, said in a statement. Boeing expects 90% of India's demand for new airplanes to be for single-aisle ones like the 737 MAX and competing Airbus A320neo over the next 20 years.
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