Saturday, January 05, 2019

India will need nearly 1600 aircraft worth $224 billion in the next 20 years.

New Delhi: India’s aviation sector is fast moving forward in the world. It is said in a statement that in the next 20 years India will need about 1600 more aircraft. The Indian government’s initiative UDAN (Ude Desh ka Aam Nagarik) scheme is to provide further momentum to the aviation sector. Under the scheme, the government has tried to make an ordinary person fly in the country as well. According to estimates, the vast aviation market side is stepping into the Indian aviation sector will need to buy planes of 224 billion dollars over the next 20 years.

The scope of the Indian aviation sector will also increase in the area of ​​care. The maintenance and repair of aircraft (MRO) business will now increase from $ 0.7 billion to $ 1.5 billion in the year 2020. In the coming years, there will be a lot of opportunities in the field of aviation. The most important part of aircraft maintenance and repair area is engine maintenance. This includes line maintenance, component maintenance, airframe heavy maintenance, and modification. At the moment is with the help of more than 40 MRO services provider in the world because of the weak infrastructure of MRO in India.
The number of domestic air travelers in India has been steadily increasing in the last few years. It is believed that the number of 14.5 million passengers in Air Traffic in 2011 will increase to 35 million in 2020. Domestic air traffic has seen doubledigit increase since 2014. Since then, the average growth rate has been recorded at 17 percent. In the next few years, the number of flights is likely to double in comparison to the present. Civil Aviation Minister Suresh Prabhu has said that we are continuously working to increase the capacity of the aviation sector.
05/01/19 Urban Transport News