Airbus says India will require 1,880 new passenger, cargo aircraft by 2038

The 20-year traffic growth in the Indian aviation sector is pegged at 7.7%, almost twice the world average of 4.3%

European aircraft maker Airbus, which represents 80 per cent of India's order backlog, in its latest report said the country will require 1,880 new passenger and cargo aircraft by 2038 on conservative basis.

For the requirement, up to 20 per cent could be wide-bodies while 1,440 aircraft are for growth and 440 needed to replace the aircraft that will be retired during this period, according to the forecast. Taking into account the 440 retirements, India's existing domiciled fleet of 510 aircraft will quadruple to 1,950 by 2038 as per the Airbus projections.

These figures are based on Airbus' assumption that