Boeing expects to see breakeven in the Indian commercial aviaiton industry in the next six months. The commercial aviation industry in India has been reeling under the losses of over Rs 8,000 crore.

Speaking to FC on the sidelines of the Frost & Sullivan Growth, Innovation and Leadership summit, Dinesh A Keskar, President of Boeing (India) said, “Growth possibility for the commercial aviation market in India will return in 6 months. This possibility of growth will be lead by three key drivers, which are, correction in the situation of aircraft overcapacity, reduction in fuel prices and upturn in the economy. Further the up coming tourism season will also help the industry.”

According to Keskar, the low fare airlines such as Indigo and SpiceJet will see positive signs in the business soon. Also with full service carriers such as Kingfisher Airlines and Jet Airways moving 60 percent of their seats to low fare model under Kingfisher Red, JetLite and Jet Konnect services, they too will achieve turnaround in the near future.

Boeing will deliver about 90 aircraft worth $14 billion to Indian carriers in next four years. Till date the aerospace major has only seen deferral of two aircraft from Jet Airways. However, Boeing could see some deferrals of aircraft from Air India. Keskar said, “We are still in talks with Air India too see what they will need going forward.”