India is the world's third largest domestic aviation market - with a domestic traffic of 275 million-and is expected to surpass The United Kingdom (UK) to become the third largest air passenger market including both international and domestic passengers by 2024.
This prediction may be delayed for two or three years but facts are very much realistic. According to a NITI Aayog report, the size of the MRO industry being USD 1.7 billion as of 2021- it is expected to reach USD 4.0 billion by 2031, registering a CAGR of 8.9 per cent as compared to the global average of 5.6 per cent. Here such analytical reports will never expose that despite we the third largest aircraft operating country in the world, our 70-80 percent of MRO work is performed through imports. Despite inherent advantages such as growing passenger traffic and considerable fleet size, the Indian MRO sector has not seen a corresponding growth, owing to certain key bottlenecks.
The MRO segment is divided among Line Maintenance, Component Maintenance, their Airframe Heavy Maintenance & Modification and Engine maintenance and overhaul. Respective share of different segment may be 20:30:20:30. We are good in Line Maintenance, Heavy Airframe Maintenance but worse in engine and component servicing and overhaul. It is basically part of OEM'S long term strategy to earn in aftermarket business. The OEMs' ability to quickly capture market share in the aftermarket is largely due to their control over Intellectual Property (IP) related to training manuals, data design etc.
This adversely affects engine and component manufacturers and poses a serious challenge to the vision of an indigenous MRO industry in India. Secondly, OEMs charge exorbitant consultancy fees that restricts MRO players to diversify and expand services "said a report by NITI AAYOG named MRO in India.
NON-AVAILABILITY OF LAND
This story is from the JULY-AUGUST 2023 edition of Aviation World.
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 JULY-AUGUST 2023 edition of Aviation World.
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
ACFI Annual Conclave 2024 premier event for India's booming air cargo industry
The Air Cargo Forum India (ACFI) held their Annual Conclave themed “Unlocking Potential Paving Way for a Developed India” in New Delhi. The event aimed to foster collaborative brainstorming sessions to unlock the potential of international and domestic freight movements.
HYDROGEN FLIGHT LOOKS READY FOR TAKE-OFF WITH NEW ADVANCES
The possibility of hydrogen-powered flight means greater opportunities for fossilfree travel, and the technological advances to make this happen are moving fast.
SHAPING THE FUTURE OF ICAO An interview with ICAO Secretary General Juan Carlos Salazar
In 2023 we began an ambitious three-year journey to ensure ICAO is fit for the futureOur goal is to become more results-driven with a people-focused culture and way of working.
INDIAN NAVY BIDS FAREWELL TO UH-3H HELICOPTER
Indian Navy bid farewell to the UH-3H helicopter after 17 years of glorious service during a de-induction ceremony held at INS Dega, Visakhapatnam on 28 Jun 24.
FINNAIR remains committed to optimising its operations for the benefit of customers...
In an interview with Aviation World, Mr. Anupam Vig, General Manager - India, Finnair highlights plans to cater to the growing demand from India. Excerpts:
"OUR CORE HAS BEEN TRAINING AND WE STRIVE TO PRODUCE THE SAFEST AND BEST PILOTS," KHUSHBEG JATTANA, GENERAL MANAGER, SIMAERO INDIA
International pilot training and flight simulator provider, Simaero, recently announced that it will invest $100 million in India to train up to 5,000 pilots over the next five years.
"The demand for small to mid-size aircraft is quite high in India, especially in the charter segment"
In a candid interview, Rohit Kapur, President of Sales Asia Pacific, JetHQ briefs Vishal Kashyap, Managing Editor, Aviation World about the current status of Business Aviation in India, the projections and the much talked about fractional ownership. Excerpts...
We have seen a large growth in the aerospace segment in last decade...
Telangana is one of the most successful state of India which has largest number of foreign OEMS working under Make In India initiative.
Optimising Airport IT Infrastructure with Innovation and Efficiency
For an airport's operations to thrive, a multitude of variables need to fall into place seamlessly in its IT infrastructure.
HUGH AITKEN
“India has grown to be one of our top markets at Skyscanner. We have seen spectacular growth coming for both International and Domestic travel, with international bookings via Skyscanner +121 per cent ahead of 2019 levels and Domestic bookings +639% above 2019 levels. In the first week of January 2024 alone, India saw an increase of 35 per cent in searches when compared to the same period in 2023.