Boeing Expects Aircraft Deliveries to India to Total 2,100 Over 20 Years
Those aircraft shipments are expected to be worth about $290 billion.
Boeing Co. (BA) - Get Report shares were rising premarket after the aircraft manufacturer said that it expects deliveries to India to total 2,100 new aircraft over the next 20 years at a value of $290 billion.
The company said that it was its highest forecast ever for the country which boasts Asia's third largest economy.
Boeing said that it expects passenger growth of about 8% in South Asia over the next 20 years, nearly double the 4.7% growth expectations for the rest of the world.
Boeing shares were up 0.82% to $243.25 in premarket trading Monday.
More of What's Trending on TheStreet:
- These Are the 5 Worst Tech Stocks to Own
- Watch for the Trading Opportunities That Rebalancing Could Offer Today: Market Recon
- This Why President Trump Can Now Blame Apple for Atlantic's Reporting
- McDonald's Has One Restaurant in Poland That Looks Like the Future of the Golden Arches
