THE INDIAN ECONOMY AND AVIATION INDUSTRY ARE CURRENTLY going through the Golden Age. A social media viral post shows the aviation industry is one of the top ten things growing in India. Following phrases and figures have been floating around in various publications over the last year:
• Indian aviation growth is anticipated to be 6.3 per cent CAGR over the next 20 years, compared to 4.9 per cent for the rest of Asia (Airbus Forecast Global Market 2022-2041). More than 100 aircraft per year are expected to be added to India's inventory
• The third largest domestic civil aviation market in the world (IATA DD5).
• India's location favours the growth of a big aviation hub: 50 per cent of the world's population lives within a 6-hour travel time, and 65 per cent of the population does so within a 10-hour flight time (IATA DD5).
• Approximately 90 registration/deregistration entries of Business aircraft were registered in 2021 and 2022 as opposed to 40 and 35 respectively in 2020 and 2021 (dgca.nic.in).
• There are more than 10,000 Business Jets for 600 Billionaires in the US. India is home to 132 Business Jets for about 166 billionaires. An average of 34 Billionaires are added to the list each year. India thus has to move from 132 Business Jets to even beyond 10,000 Business Jets.
• The number of operational airports has increased from 74 (in 2014) to 140 (in 2022) since the UDAN system was implemented, including 31 international airports. Within the next five years, this number will reach more than 200.
• The MRO sector is predicted to experience the biggest growth globally.
Esta historia es de la edición Issue 10, 2023 de SP’s Aviation.
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Esta historia es de la edición Issue 10, 2023 de SP’s Aviation.
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KLM: THE WORLD'S OLDEST AIRLINE STILL GOING STRONG!
In 1930, KLM began scheduled passenger service between Amsterdam and Jakarta. The Fokker F.XII plane took 10 days to reach, including 81 hours of flying time. It was the world's longest scheduled flight before the Second World War.
SPICEJET'S $90 MILLION DEAL WITH CANADIAN Q400 PLANES
SpiceJet has successfully resolved a significant dispute with Bombardier over a fleet of Q400 turboprop planes in the form of a $90 million settlement, marking the end of a prolonged legal battle that also has broader implications for the Indian aviation sector
TAPPING THE UNCHARTED WATERS
Seaplane services are expected to transform regional connectivity in India, boost tourism, create jobs, and foster economic development, particularly in hard-to-reach coastal and inland regions
FLIGHT PLAN FOR NAVIGATING BUSINESS AIRCRAFT FINANCING
The business aircraft financing market has witnessed significant growth post-pandemic, driven by increased demand for private and chartered flights
TRUMP'S VICTORY: WHAT WILL IT UNFOLD FOR INDIA
For India, one of the most significant aspects of Trump's return will be his approach to China. There is a possibility that Trump will continue to view India through a transactional lens, prioritising trade deficits and economic returns. The role which the US plays as the global tech powerhouse is the model for future growth which cuts across economy to security. In all potential, there are mostly positive signs, rather another defining era for Indo-US relations could unfold if indicators are right. The convergence of mutual interest for both democracies is too obvious.
ANTARIKSHA ABHYAS-2024
The first ever tri-services Defence Space Exercise was a significant building block towards holistic capability in global space operations
INDIA'S GSAT-20 SATELLITE LAUNCHED
Symbolising growing technology, growth & collaboration, this mission highlights India's dedication to leveraging space technology for societal progress, expanding its role in commercial space ventures while underscoring the potential for India's heavy-lift launch vehicles to capture future opportunities
A LEGACY OF PRECISION, POWER, AND POISE IN THE SKIES
With a vision for comfort, excellence and sustainable aviation, Dassault's Falcon family embodies the peak of technological and environmental advancements
INDIA'S RICHEST BUYS BBJ
Private jets play a strategic role in allowing business magnates like Ambani to optimise time management, particularly critical given his global business commitments and a packed travel schedule.
PRIME MINISTER INAUGURATES AIRCRAFT COMPLEX FOR MANUFACTURING OF C295 AIRCRAFT
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez jointly inaugurated the TATA Aircraft Complex for manufacturing of C295 aircraft at TATA Advanced Systems Limited (TASL) Campus in Vadodara, Gujarat on October 28, 2024.
