Indian companies are going ahead with their cargo plans amidst slowdown and lower projected demand for the cargo planes. The Boeing Company, the US-based aircraft manufacturer, in its 2008 Current Market Outlook (CMO) for India, has said the country will need only 24 dedicated freighters for the 2008-2027. The aircraft maker has not increased the forecast for cargo planes from last year (2007-2026). This is when the company has revised the projections for passenger plans to 977 (2008-2027) from last year's projection (2007-2016) of 887. Boeing's 20-year forecast takes into account the industry's near-term challenges, including slowdown in world economy, surging fuel prices, slowing traffic growth and concerted action by airlines to balance costs and revenues.
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