Boeing said on Thursday it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels, as a rising middle class and healthy economic growth spur travel.

Boeing projects that South Asian carriers will need 2,835 new airplanes over the next 20 years, driven largely by demand from India. The aviation market in this region is expected to grow rapidly, with aircraft fleet set to quadruple by 2043.

On the impact of the production slowdown on delivery timelines, Boeing officials did not provide an estimate of the delay, saying that they are being transparent with their customer airlines.

Boeing said on Thursday it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels, as a rising middle class and healthy economic growth spur travel.

Boeing predicts exponential growth in India's commercial aircraft fleet, driven by demand, economic growth, and air travel liberalization.

India’s second biggest airline Air India and its youngest Akasa Air together have pending deliveries over 400 Boeing aircraft. Air India has pending deliveries of over 200 Boeing aircraft, while Akasa has an equal number of 737MAX yet to be delivered.

Boeing said the Indian and South Asian region will need 2,835 new aircraft by 2043, continuing the fleet growth observed over the last decade