Akasa Air closed Q1 of 2023 with a market share of 3 per cent, with March seeing the airline record 3.3 per cent market share. At this share, it is currently half of SpiceJet. The airline, which intended to induct 18 aircraft by the end of March, now has 19 in its fleet. Even before the airline took to the skies, the airline was being compared with IndiGo, largely because of Aditya Ghosh- who was also part of the startup team at IndiGo. Aditya later took over as president and whole-time director at IndiGo, before leaving to pursue other opportunities.
There are some other similarities as well. Both airlines had their first flight in August IndiGo started operations on August 4, 2006, while Akasa Air started operations on August 7, 2022. The airline has 19 aircraft in its fleet as of now. In comparison, IndiGo ended its first financial year with 8 A320neo aircraft and a market share of 2.6 per cent. However, the market has changed by leaps and bounds. What needed eight planes to gain 2.6 per cent now needs 18. A market that had 305 commercial aircraft in March 2007 has a little over 700 right now.
The comparison from 2006-07 to this year also tells the story of IndiGo's resilient growth. Back then, the industry operated 1,153 domestic departures per day on average, a number that IndiGo alone surpasses daily today. The airline operates to over 76 domestic destinations and over 100 total destinations across the world.
Is the steam running out?
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Jets, Tech, And Green Goals
The key themes at the Farnborough International Airshow 2024 revolved around innovation and sustainability. Sizeable aircraft orders, advancements in eVTOL technology, and a strong commitment to environmental goals underscore an industry that is not only rebounding from past challenges but also setting the stage for a more sustainable and technologically advanced future, reports ATUL CHANDRA.
FREIGHT IN FLIGHT
In 2023, Indian airports handled over 3.15 million metric tonnes of cargo, with international freight dominating. As the sector aims to meet the government's ambitious annual target of 10 million metric tonnes (MMT) by 2030, this goal will require dedicated freighter aircraft, technological integration, infrastructure development, and regulatory improvements, among other things. By JAIDEEP MIRCHANDANI, Chairman, Sky One
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Despite rapid digital advancements in passenger air travel with the airline market expected to surpass $35 billion by end of this decade, the air cargo industry remains bogged down by outdated legacy systems, impeding progress in efficiency and real-time tracking. A special report by
PITCHING FOR SUPPORT
India's air cargo industry is gearing up for a major transformation, aiming to nearly triple its capacity by 2030. Current infrastructure handles about 6.5 million tonnes, but meeting future goals will require significant investments to expand capacity, streamline operations, and adopt cutting-edge technologies. Industry leaders at a recent ACFI Annual Conclave emphasised the need for strong government support to overcome challenges, urging policymakers to address operational constraints and improve connectivity, reports
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As India's international air traffic experiences significant growth over the past few decades, the competition between Air India and IndiGo intensifies. Vistara's merger within Air India and the significant aircraft orders position the combined entity as a formidable player, while IndiGo's ambitious expansion plans and international focus set the stage for a competitive future, analyses
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POWERING A GREEN FUTURE
FIA 2024 witnessed a growing order book for aircraft engine manufacturers and provided important insights into the development of sustainable powerplants.
