6 factors that are holding down Indian aviation

From 44 million domestic passengers in 2008 to 121 million domestic passengers in 2018, Indian aviation has come a long way. This growth is forecast to continue with India becoming the third largest aviation market by 2030. What is spurring this growth? A growing middle class that is 300 million strong, rapid urbanisation triggering increased travel demand, a rising propensity to spend, and significant capacity entering the market. Needless to say, this growth will have to be supported by an entire ecosystem including various stakeholders. From Original Equipment Manufacturers (OEMs) to lessors and financiers, from Maintenance Repair and Overhaul (MRO) providers to multi-lateral agencies, and from airports to airlines – to name a few. But the current ecosystem has far too many distortions. These are >>

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Categories: Indian Aviation- In General Oct 2019