Team Blitz India
NEW DELHI: US aircraft maker Boeing has said the crisis at Go First will not change the trajectory of the Indian civil aviation market in terms of growth and macro trends while legislative clarity on aircraft leasing aspects will provide more comfort to the lessors.
India is the third largest as well as one of the fastest growing aviation markets in the world, and Indian carriers are expected to require more than 2,200 aircraft in the next 20 years.
Against the backdrop of insolvency proceedings being initiated against cash-strapped Go First, Boeing India President Salil Gupte said it is “never a positive” when an airline runs into financial challenges because it takes a toll on the management, employees, all stakeholders and also puts a strain on the overall transport infrastructure.
On whether the Go First crisis will have an impact on the bullish outlook for the country’s aviation market, Gupte said he does not feel so and that growth will continue.
“In generally, we don’t feel that the trajectory of the market changes at all in terms of the growth and macro trends… progress is never a straight line and there is always ups and downs. Ultimately, growth in India will continue even as we work through the challenges that Go First is going through today,” he said on May 12 in a media interview.
