It is expected that approximately 10,000 aircraft would be in service in the region by 2035, creating an opportunity for the major MRO players in the region
INDIA, WITH ITS GROWING aircraft fleet size, strategic location, rich pool of engineering expertise and lower labour cost, has a huge potential to be the global Maintenance, Repair and Overhaul (MRO) hub on a long-time horizon. The current market size of MRO is estimated at about $700-800 million which is expected to reach $1.2 billion by 2020. India has the potential to become the third largest aviation market by 2020 and the largest by 2030. The growth of the industry is being propelled by the development of airports, presence of several low-cost carriers, a liberalised FDI policy, increasing adoption of information technology and focus on improving regional connectivity. In the absence of quality infrastructure, airlines carry out maintenance outside India at the nearest available MRO location (South East Asia, Middle East or Europe) incurring a ferry flight, logistics costs and engine/component hours. There are about 40 overseas MRO providers approved by the Directorate General of Civil Aviation (DGCA) to conduct work on Indian registered aircraft in locations such as the UK, Germany, France, Jordan, UAE, Sri-Lanka, China and Singapore with 90 percent of an MRO work-scope going outside India.
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Travel Transitions In 2021
From contactless checkin to biometric gateways, cabin cleaning, increased collaboration, domestic travel, common travel digital passport, travelling in 2021 and beyond comes decked up with innovations
Supersonic Airliners On The Horizon
Although the aviation industry has been severely hit by the coronavirus pandemic, the nascent field of high-speed civil aviation is one area that is recording noteworthy progress
TATA GROUP RIDING THE AMBITIOUS AVIATION ARC
Having raised its stake in AirAsia India, alongside operating Vistara, Tata Group is a strong bidder for Air India too
PRATT & WHITNEY PUREPOWER ENGINES
The Pratt & Whitney PurePower Geared Turbofan engine introduced dramatic improvements in propulsive efficiency and noise reduction
SIX BOEING 777 FREIGHTERS FOR CHINA AIRLINES
China Airlines has becomes the 20th operator of the twin-aisle freighter. The companyâs Chairman Hsieh Su-Chien stated:
TATA'S STAKE CLIMB UP THE LADDER IN INDIAN AVIATION INDUSTRY
Tata group increased its holdings in AirAsia India to 84 per cent
INDIAN AIRLINE INDUSTRY ON THE ROAD TO RECOVERY
Around two months after the imposition of total lockdown for three weeks commencing March 23, 2020, domestic flights albeit with much reduced frequency, were permitted to operate
EMBRAER E190 OPERATING WITH MYANMAR AIRWAYS
On December 21 last year, Myanmar Airways Internationalâs (MAI) first Embraer E190 commenced operations from Yangon.
EMERGING CONFIGURATIONS FOR SUSTAINABLE AVIATION
Aviation contributes two per cent of humanmade Co 2 emissions and has challenged itself to reduce net emissions even while demand for air travel and transport has grown significantly
BLURRING DISTINCTION BETWEEN NARROW-BODY AND WIDE-BODY AIRLINERS
The major benefit which will emerge is that terribly busy hubs will de-congest with the number of transiting passengers reducing drastically as the layovers at the hubs will be done away with