Boeing expects close to 500 commercial airplane orders valued at $36 billion from India over the next 20 years, its Senior Vice-President (Sales) Dinesh S Keskar said on Tuesday.
"From India, as per our estimates, Boeing expects about 492 civilian airplane over the next twenty years... The order size would be around $36 billion," he told reporters in Mumbai.
About 80 per cent of this airplane requirement would be for smaller regional jets, while the rest would be for the wide-bodied aircraft, he said.
In 2005, Boeing had received 101 firm order from India, including Air-india, Jet Airways, Spice Jet and the Indian Air Force.
"Last year, we received firm orders worth $15 billion from India," Keskar said.
The Seattle-based aircraft maker also said it will be revising its India forecast in the second quarter of the current year.
"Last year we made a forecast of 370 airplanes valued $25 billion, which we revised to 470... We will be revising considering the market scenario," he added.
About the new orders, Keskar said the company is negotiating with Jet Airways and Spice Jet for 737-900 ERs.
"We are in discussions with Spice and also with Jet Airways... We hope the discussions will be completed by June," he said.
The 737-900ER is an upgraded version of 737-900, but, with the addition of a pair of exit doors and a flat rear-pressure bulkhead, it can carry up to 26 more passengers, raising the maximum capacity from 189 to 215 in a single-class layout, he added.