Boeing said on Thursday it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels, as a rising middle class and healthy economic growth spur travel.

As part of its expansion strategy, Boeing is setting up a distribution warehouse for spare parts in a free trade zone in Khurja, Uttar Pradesh, just 40 km from the upcoming Jewar airport, as part of its plans harness capabilities apart from its engineering footprint in Bengaluru.

Boeing said the Indian and South Asian region will need 2,835 new aircraft by 2043, continuing the fleet growth observed over the last decade

Boeing said on Thursday it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels, as a rising middle class and healthy economic growth spur travel.

Boeing projects that South Asian carriers will need 2,835 new airplanes over the next 20 years, driven largely by demand from India. The aviation market in this region is expected to grow rapidly, with aircraft fleet set to quadruple by 2043.