Sunday, January 08, 2023

Airlines in India to add 100 aircraft per year to fly 412 mn passengers

As Indigo Airline has expanded its fleet to 300 aircraft, the countrys airlines' fleet is likely to add over 100 aircraft every year till the next few years as per the expected growth in the aviation sector.

Civil Aviation Ministry officials said that there were about 400 aircraft in 2013 and in 2021-22, the number increased to 700. Airlines in India are going to add 15 per cent capacity or 100 to 110 aircraft per year and the aviation sector is looking at close to 1,200 aircraft by 2027.

Officials said that expansion of the fleet size of an airline is a commercial decision and therefore each airline decides induction of aircraft keeping in view commercial viability, traffic demand and its business plan.

Barring the Covid period, the aviation traffic has witnessed consistent growth. The all-India passenger growth as projected by the Airports Authority of India for the next few years is 371 million passengers in 2023-24 and 412 million in 2024-25.

Similarly, airport infrastructure has also recorded corresponding growth in the last few years. Officials said that the total number of airports has nearly doubled from 74 in 2014 to over 141 in 2022.

Prime Minister Narendra Modi recently inaugurated the Mopa International Airport in Goa for which the foundation stone was laid in November 2016. Developed at a cost of around Rs 2,870 crore, the airport has been built on the theme of sustainable infrastructure.

08/01/23 IANS/Business Standard

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