Friday, March 31, 2017

Russia Gains Advantage as India’s Aviation Sector Accelerates

India’s emergence as the third largest aviation market in terms of domestic passenger traffic overtaking Japan and now just behind China and the US comes as an opportunity for major aircraft manufacturers, including Russia’s United Aircraft Corporation, which recently expressed its desire to localise some of its production line in India with its local partner Mahindra Aerospace.
In its latest report, the Sydney-based think tank Capa – Centre of Aviation said that India with 100 million domestic air passenger traffic in 2016 stood behind only China (436 million) and the US (719 million). India beat Japan (97 million) and claimed third spot for itself. Not only that, India is expected to become the third largest aviation market (both domestic and international passenger traffic) by March next year overtaking the UK, according to Capa.
India was projected to emerge as the third largest aviation market by 2020.
30/03/17 Sputnik International

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