THE CIVIL AVIATION INDUSTRY IN INDIA HAS EMERGED AS ONE of the fastest-growing industries in the country. According to the India Brand Equity Foundation (IBEF), the Indian aviation industry has recovered fully from the COVID-19 pandemic shock as indicated by the air traffic movement which stood at 327.28 million in FY23 compared to 188.89 million in FY22.
India is expected to come behind China and the United States as the world's third-largest air passenger market in the next ten years, by 2030, according to the International Air Transport Association (IATA).
Both government and private sectors are investing significantly in infrastructure development to facilitate this growth.
Key drivers of this growth include rising household incomes, the emergence of low-cost carriers, increased FDI inflows, and a growing GDP. The market size of the industry right now is at an impressive scale, the passenger growth has witnessed a significant increase, and a large number of plane orders have emerged alongside the merger of AirAsia India and Air Vistara into Air India and a new number of regional airlines coming into the picture are some of the positive sides of Indian aviation industry’s landscape.
• Air India had this February ordered 470 aircraft from Boeing and Airbus with 400 single aisles and 70 wide bodies including A350s, Boeing 787s and B777X. This order has options and purchase rights for 370 additional aircraft to be procured from Airbus and Boeing over the next decade.
This story is from the Issue 10, 2023 edition of SP’s Aviation.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Issue 10, 2023 edition of SP’s Aviation.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"OUR FOCUS AND PRIORITY ARE TO NURTURE THE FRIENDSHIP WITH INDIA WHEN IT COMES TO INTERNATIONAL RELATIONS" - TSHERING TOBGAY, PRIME MINISTER OF BHUTAN
In a very exclusive interaction, Manish Kumar Jha speaks with Prime Minister Tshering Tobgay in Thimphu, Bhutan over the range of issues which will further reaffirm the historic bilateral relations with India
PUSH AI FOR BETTER SAFETY
The aviation industry has always prioritised safety above all else and with technological advancements, particularly in artificial intelligence (AI), new horizons for safety enhancements are continually being explored and implemented
SLOW FADE OF THE FOUR-ENGINE AIRLINER
As long-haul international tourism recovers, some leading carriers have been returning their superjumbos to service. The A380 that seemed destined to fade into the sunset has received a new lease of life.
50 MILLION LEAP
The CFM LEAP engine family achieves 50 million flight hours, setting new standards in fuel efficiency, reliability, and sustainability in global aviation
CFM RISE-FULL SPEED AHEAD!
Three years into the programme, it is clear that various RISE technologies are steadily evolving from promising design concepts to functioning components and systems. And the pace of progress is accelerating.
JOURNEY TO THE BEYOND
Space tourism with its challenges and excitement, currently accessible only to billionaires, holds the potential to expose a wider set of people to the views of earth's horizon and zero-g experiences in the future
HOW THE FUTURE OF UNMANNED MILITARY AIRCRAFT IS UNFOLDING
The integration of Tactical AI and machine learning in defence projects is enhancing the performance and portability of high-performance capacities across various military platforms
A SHOWCASE OF THE LATEST TECHNOLOGICAL ADVANCEMENTS IN BIZAV
With the focus on sustainability and innovation, and a display of cutting-edge technological advancements, insightful discussions, and strategic collaborations, EBACE2024 provided a comprehensive glimpse into the future of aviation.
SUSTAINABILITY-A BIG MILESTONE
A steely-eyed focus on sustainability is fundamentally altering the way the airline industry operates. But the pace of progress in both SAF and engine enhancement must be greatly accelerated to make net zero a reality
A GROWING & EXPANDING SECTOR
While the space sector is on an upward trajectory with the Indian Space Policy, FDI liberalisation and the recent authorisation guidelines, the success of these initiatives hinges on a clear legal and regulatory framework to support the industry.
