"The 737 MAX is the fastest-selling airplane in Boeing history because customers throughout the world, including India, want its combination of performance, flexibility and efficiency," said Keskar. "Boeing also continues to offer the most complete family of widebody airplanes, as evidenced by our more than 85 percent in-service market share in India."

Other important findings from the annual outlook include:

•   Traffic growth is more than 20 percent, far exceeding the global average of 7.3 percent

•   Domestic passenger traffic increased 23 percent from 2016

•   Low-cost carriers continue to account for more than 60 percent of all flights

END