Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

India is fast emerging as a key global aviation market, according to the latest market analysis report of the <keyword id="6407098" type="General" weightage="20" keywordseo="International-Air-Transport-Association" source="Orion">International Air Transport Association</keyword> ( ATA). India's domestic <keyword id="6354691" type="General" weightage="20" keywordseo="air-travel" source="Orion">air travel</keyword> has continued to grow robustly and as of February, it was a mere 2.2 per cent shy of reaching pre-pandemic levels measured by passenger revenue kilometres (PRK). The <keyword id="17291629" type="General" weightage="20" keywordseo="India-domestic-passenger-market" source="Orion">India domestic passenger market</keyword> also led the rest of the domestic markets in the passenger load factor (PLF) metric in the report which includes the US, China and Japanese domestic markets. It has been the top domestic market measured by PLF for the last four months achieving PLFs of 81.6 per cent in February, 85.2 per cent in January, 88.9 per cent in December 2022, and 87.9 per cent in November 2022. Globally, traffic is now at 84.9 per cent of February 2019 levels. Total traffic in February 2023, based on RPKs, rose 55.5 per cent compared to February 2022. The report added, "Asia-Pacific airlines had a 378.7 per cent increase in February 2023 traffic compared to February 2022, maintaining the very positive momentum of the past few months since the lifting of travel restrictions in the region. Capacity rose 176.4 per cent and the load factor increased 34.9 percentage points to 82.5 per cent, the second highest among the regions." Domestic air passenger traffic for all markets measured for February rose 25.2 per cent compared to one year ago. Total February 2023 domestic traffic was at 97.2 per cent of the February 2019 level. At the moment, it is estimated that only about 35 to 40 million Indians travel by air every year. Although World Bank data shows that pre-COVID India had about 168 million air transport passengers, many are repeat flyers. This is much lower than China, which has a similar population and has 660 million air transport passengers during the same period in 2019. Chinese airlines also have about five times as many planes. With a rapidly growing middle class and rising incomes, together with the right encouragement including lower airfares, many, including airline companies, are expecting India to become the fastest-growing aviation market for years to come. Swiss airline intelligence provider, ch-aviation reported in March this year that French Finance Minister Bruno Le Maire said that IndiGo Airlines could announce an order for "several hundred" Airbus aircraft at the Paris Air Show to be held at Paris Le Bourget Airport in June. IndiGo, the largest airline in India has over 300 aircraft and currently provides over 35 per cent of all the available seat kilometres on flights in and out of India's airports. Measured by flight frequencies, IndiGo provides almost 48 per cent of all flights across India's international and domestic markets. Just in February, competitor <keyword id="2573" type="General" weightage="20" keywordseo="air-india" source="Orion">Air India</keyword> announced a world record order of 470 aircraft - 250 planes from European manufacturer Airbus and 220 from its US rival Boeing. The deal beats a 2017 order by IndiGo for 420 planes, and an order by American Airlines for 460 planes in 2011. Besides aircraft manufacturers, foreign Airlines are also eyeing the Indian aviation market. <keyword id="6368386" type="General" weightage="20" keywordseo="Singapore-Airlines" source="Orion">Singapore Airlines</keyword> is one of them. Following the takeover of Air India by Tata Sons, it announced a USD267 million investment into the revamped airline giving it a 25.1 per cent stake in the new Air India group. This adds to the money it has already put into <keyword id="2468721" type="General" weightage="20" keywordseo="Vistara-Airlines" source="Orion">Vistara Airlines</keyword> which is to be merged with Air India. SIA released a statement during the announcement which said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India. The proposed merger will bolster SIA's presence in India, strengthen its multi-hub strategy, and allow it to continue participating directly in this large and fast-growing aviation market." <keyword id="140808" type="General" weightage="20" keywordseo="etihad-airways" source="Orion">Etihad Airways</keyword> under new CEO Antonoaldo Neves is another airline that is planning to expand its presence in the <keyword id="974620" type="General" weightage="20" keywordseo="india-aviation-market" source="Orion">India aviation market</keyword>. In an interview with Reuters published on April 27, the former CEO of TAP Air Portugal said that: "Etihad has India as a priority." He added that the country is among its top three markets but declined to name the other two. Etihad, which flies to places like Delhi and Mumbai, has identified six other Indian cities it does not serve but wants to launch flights to, he said. He also announced plans for Etihad to double its fleet to 150 planes and triple its passenger number to 30 million annually by the end of the decade. The expansion plans of the Middle Eastern airline will focus on medium and long-haul destinations, and the airline will avoid operating ultra-long-haul flights, where it can be tough to make money. Neves explained that the goal will be connecting places like China, Southeast Asia, India, and Gulf countries, with Europe and the East Coast of the United States. Neves said that he expects Etihad's growth to be organic relying on more code sharing and interline agreements. It will not look at mergers or equity partnerships as it had done in the past. It once had a stake in the now-defunct <keyword id="6358200" type="DOMAIN" weightage="20" keywordseo="jet-airways" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="jet airways" meta.entityname="Jet Airways (India) Ltd." meta.entityid="4374" meta.seoname="jet-airways-(india)-ltd">Jet Airways</keyword>. Abu Dhabi's sovereign wealth fund ADQ took full control of Etihad last October and appointed Neves who had previously led a turnaround at Portugal's TAP. Whereas in the past, Etihad was seemingly willing to grow at any cost, this is set to change. Neves emphasises that growth will only be possible with profitability, especially as the airline is now owned by ADQ. As he explained, "Our mandate is very clear, we don't fly to places where we don't make money." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ultratech-cements-q4-net-profit-falls-32-to-1666-crore-declares-dividend/articleshow/99848912.cms">UltraTech Cement’s Q4 net profit falls 32% to ₹1,666 crore, declares dividend</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-and-suvs-in-india-in-may-2023/slidelist/99842426.cms">Upcoming cars expected to launch in India in May 2023</a>

India emerging as key aviation market: IATA report

The <a href="http://www.businessinsider.in/searchresult.cms?query=chandigarh+airport&amp;sortorder=effectivedate">Chandigarh International Airport</a>, which was built at the tune of Rs 1400 crore, has failed to start international flight operations.

	This <a href="http://www.businessinsider.in/searchresult.cms?query=international+airport&amp;sortorder=effectivedate">international airport</a> was inaugurated with much fanfare and was supposed to handle pressure of <a href="http://www.businessinsider.in/searchresult.cms?query=indira+gandhi+international+airport&amp;sortorder=effectivedate">Indira Gandhi International Airport in Delhi</a>, which is just 250 kilometres from Chandigarh.

	However, it did not attract anyone and now the airport is under scanner of the <a href="http://www.businessinsider.in/searchresult.cms?query=punjab+and+haryana+high+court&amp;sortorder=effectivedate">Punjab and Haryana High Court</a>.
 “Delhi’s <keyword id="89772" type="ORGANIZATION" weightage="20" keywordseo="Indira-Gandhi-International-Airport">Indira Gandhi International airport</keyword> is capable enough to handle the rising growth of air traffic. As of now, the total terminal passenger capacity at the IGI Airport is 62 million passengers per annum against the actual traffic of approx. 41 million passengers handled in the FY 2014-15,” said an official.

	“As per the master plan IGI Airport is expected to handle 109 million passengers in the year 2034. This would be adequate to meet the likely traffic demands over the next 18-20 years,” he said.

	Now, the Uttar Pradesh government recently sought approval from the Indian government for an international airport in Greater Noida’s Jewar, which is around 84 kilometres away from Delhi.

	“Huge investment has already been made for expansion of the passenger handling capacity and modernisation at IGI Airport Now, a new airport within 84 km radius is sheer wastage of public money,” said the official.

	India has spent more than $50 million since 2009 on eight airports that do not receive scheduled flights - white elephants that are a reminder of the pitfalls for Prime Minister Narendra Modi as he bets on an infrastructure drive to fuel growth.

	Even Jaisalmer airport met the same fate as after two-and-a-half years of completion, it has no flight operations.

	The proposal for an airport in Jewar was first mooted in 2001 by Rajnath Singh, the then chief minister of Uttar Pradesh. His successor Mayawati also backed the plan and acquired more than 2,000 acres for the proposed airport. 
	 

	(Anupama Airy is the Founder and Editor of EnergyInfraPost.com and DefenceAviationPost.com. She can be reached at <a href="mailto:anupama.airy@gmail.com" target="_blank">anupama.airy@gmail.com</a>​, Twitter handle: @anupamaairy)

Will the proposed Greater Noida airport be a bad idea too? Past experiences can make you think so

You Searched For "proposed airports india" and got 2 results

India emerging as key aviation market: IATA report

ANI

Will the proposed Greater Noida airport be a bad idea too? Past experiences can make you think so

Anupama Airy

Popular Keywords

Buying Guides