india’s aircraft fleet must quadruple by 2031 to keep pace with passenger gr ow th India’s middle class is booming, which means that more people are taking to the air. Passenger traffic in India in the next 20 years is projected to grow twice as fast as compared to the worldwide traffic. domestic india is pr ojected to be the fastest gr owing pa ssenger marke t a n n ua l g r o w t h r at e ( % ) * World annual traffic growth 20 years By 2031 India’s domestic market will be 5th largest traffic in the world 4 .7 p e r c e n t 1 domestic china India domestic annual traffic growth 20 years 7. 0 2 domestic us 9.9 per cent 2.2 3 intra western europe 4 western europe–us Domestic India share of world traffic by 2031 4.7 3.1 3.7 5 domestic india 2.9 p e r c e n t 9.9 source Airbus- Global Market Forecast 2012-2031 *RPK (Revenue Passenger Kilometres) india faces a gr owing need f or a ir cr a f t in th e comin g deca des d e li v e ry un i ts 16% 234 Twin Aisle Regional Jets 1% 15 marke t va lue of ne w a ir pl a nes 2012–2 031 2 0 1 2 –2 0 3 1 1, 450 new airplanes 83% 1,201 Single Aisle 2011 Aircraft Fleet 348* 2031 Aircraft Fleet 1,619 regional jets $0.5 billion single aisle $114 billion twin aisle $61 billion Market Value of New Airplanes $175 billion * As of December 2011 source Boeing, Current Market Outlook 2012-2031 traffic gr ow th in india and china le ad s the glob al marke t total d el ive ries for india t r a f f i c g r o w t h r at e s ( 2 0 1 2 – 2 0 3 1 c a g r ) 1 , 4 0 0 a i r cr a f t 850 Single Aisle 290 Twin Aisle 130 Regional Jets 130 Turboprops 2011 Aircraft Fleet 402 2031 Aircraft Fleet 1,606 source GE Aviation north america 3.2 europe 3.7 middle east & africa l at i n america 5.9 6.2 india & china 8.2 asia pa c i f i c 4.1