CAPA report identifies General Aviation in India as next growth wave

Mumbai: In a new report released recently by Centre for Asia Pacific Aviation (CAPA) India, the country’s General Aviation (GA) sector is highlighted as a major growth opportunity. CAPA projects that the industry could see new aircraft sales – business jets, helicopters, turboprops and piston engines – of up to USD 12 billion over the next decade, by which time the GA fleet is expected to reach 2,000 aircraft, up from the current figure of 680. The report estimates that the direct and indirect economic contribution of GA could be close to USD four billion per annum by 2020.
The report sheds light on a sector that has to date operated largely in the shadow of scheduled commercial aviation. Kapil Kaul, CEO South Asia, CAPA said, “After almost eight years of continuous monitoring of the Indian aviation sector, it became apparent to us that despite the fact that the GA fleet is already significant in size, with 680 aircraft, little is known about it. Our initial enquiries found that fleet and traffic data was limited and unreliable, only a handful of operators reported financials and grey areas abounded. The fact that the sector is highly fragmented, unstructured and under-funded means that it has remained under the radar.”
CAPA concluded that there was a need for:
1. A detailed and methodical review of the GA sector as it stands today.
2. A vision for where the sector could be in 2020.
The purpose of the report was both to verify the available data, as well as to provide a qualitative analysis of the key issues identified by the industry itself.
13/02/11 TravelBizMonitor

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Categories: Indian Aviation- In General Feb 2011