Foreign investment into India’s aviation sector is helping to drive a surge in demand for new aircraft in the country amid fierce competition to tap the local population’s growing appetite for travel.
After the Indian government relaxed regulations in September 2012 to allow overseas carriers to buy stakes of up to 49 per cent, Etihad Airways last year took a 24 per cent share in India’s Jet Airways as part of a US$600 million deal. AirAsia is setting up a budget carrier with Tata Group in India, the launch of which was expected last month but has been delayed, while Singapore Airlines (SIA) is launching a full-service airline with Tata.
“Several new entrants including AirAsia India, Tata-SIA and Air One are expected to add around 20 aircraft to the domestic market in [the next financial year], subject to receiving regulatory clearances as planned,” says Capa (Centre for Asia Pacific Aviation) India, an aviation analysis firm.
Jet Airways is considering buying 50 Boeing aircraft worth $2.5 billion, according to Bloomberg TV India, which cited anonymous sources.
06/02/14 The National
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After the Indian government relaxed regulations in September 2012 to allow overseas carriers to buy stakes of up to 49 per cent, Etihad Airways last year took a 24 per cent share in India’s Jet Airways as part of a US$600 million deal. AirAsia is setting up a budget carrier with Tata Group in India, the launch of which was expected last month but has been delayed, while Singapore Airlines (SIA) is launching a full-service airline with Tata.
“Several new entrants including AirAsia India, Tata-SIA and Air One are expected to add around 20 aircraft to the domestic market in [the next financial year], subject to receiving regulatory clearances as planned,” says Capa (Centre for Asia Pacific Aviation) India, an aviation analysis firm.
Jet Airways is considering buying 50 Boeing aircraft worth $2.5 billion, according to Bloomberg TV India, which cited anonymous sources.
06/02/14 The National
