International aircraft leasing company Avolon issued a white paper providing an in-depth analysis of India’s air travel market. The paper is divided in two parts. The first section details the factors impacting India’s commercial airline sector, while the second part contains an analysis of the Indian aviation market, including a detailed breakdown of the major passenger markets, airline fleets and future growth projections.
Key findings of the White Paper include:
22.8 million international passengers were carried by Indian airlines in 2017, an increase of 14% on the previous year.
Almost 117 million domestic passengers were carried in 2017, a 17.4% increase on 2016. Annual domestic passenger growth has averaged 15% since 2012.
Domestic passenger demand is forecast to grow at an average annual rate of 9.6% over the coming decade, while an 8.3% growth rate is forecast for international passengers.
India’s airports handled 295 million passengers in 2017, with the five busiest airports all approaching – or already exceeding – their terminal capacities. Despite significant state and private investment being committed, airport capacity will likely remain a constraint on growth.
Low cost airlines carry 65% of domestic passengers and their dominance is set to be maintained into the future, with load factors amongst the highest in the world.
Indian airlines currently operate almost 600 passenger aircraft – 75% narrowbody, 11% widebody and 14% regional aircraft. Notably, more than 60% of the in-service and committed fleet comprise future technology types.
India’s share of the international aviation market has steadily declined to below 40%, reflecting years of under-investment at Air India. Onerous requirements for potential buyers to assume $5 billion of debt and guarantee all full-time jobs contributed to no offers being received for Air India in its recent flotation bid.
16/07/18 Monitor Daily
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Key findings of the White Paper include:
22.8 million international passengers were carried by Indian airlines in 2017, an increase of 14% on the previous year.
Almost 117 million domestic passengers were carried in 2017, a 17.4% increase on 2016. Annual domestic passenger growth has averaged 15% since 2012.
Domestic passenger demand is forecast to grow at an average annual rate of 9.6% over the coming decade, while an 8.3% growth rate is forecast for international passengers.
India’s airports handled 295 million passengers in 2017, with the five busiest airports all approaching – or already exceeding – their terminal capacities. Despite significant state and private investment being committed, airport capacity will likely remain a constraint on growth.
Low cost airlines carry 65% of domestic passengers and their dominance is set to be maintained into the future, with load factors amongst the highest in the world.
Indian airlines currently operate almost 600 passenger aircraft – 75% narrowbody, 11% widebody and 14% regional aircraft. Notably, more than 60% of the in-service and committed fleet comprise future technology types.
India’s share of the international aviation market has steadily declined to below 40%, reflecting years of under-investment at Air India. Onerous requirements for potential buyers to assume $5 billion of debt and guarantee all full-time jobs contributed to no offers being received for Air India in its recent flotation bid.
16/07/18 Monitor Daily
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