India will require 1,150 commercial aircraft worth $130bn over the next two decades, according to Boeing India head Dinesh Keskar.

Boeing has updated its latest 20-year aircraft requirement forecast for the country with the increasing growth of the aviation market after the downturn.

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From last year’s 20-year current market outlook, this is an upward revision of 150 aircraft (50 B737s and 100 twin aisles) worth $30bn, according to the Times of India.

Boeing also plans to pay compensation to Air India for the delay in delivery of the Boeing 787 Dreamliner.

“We are in talks with them and all other airlines whose deliveries have been delayed due to the delay in 787 programme,” Keskar said.

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