POISED TO EMERGE AS THE WORLD'S THIRD-LARGEST AVIATION market by 2030 or earlier, India's airline industry has seen a remarkable transformation in recent years. And, unsurprisingly, private enterprise has been the driving force.
For several decades after Independence, aviation was the exclusive domain of state-owned carriers. But following the liberalisation of the economy in the early 1990s, a number of private airlines were started at sporadic intervals. Various challenges including financial turmoil, regulatory issues, and fierce competition among the contenders, especially post 2003, meant that many of these private carriers had an all-too-brief existence. Even the big fish like Kingfisher Airlines and Jet Airways eventually fell by the wayside. But fast forward to 2023, and it is private enterprise all the way. Even Air India, the airline founded by JRD Tata in 1932 and nationalised in 1953, is back under Tata's wing after seven decades.
STATE OF PLAY
The Tata Group is now attempting something unique - merging four airlines into two. Vistara will be absorbed by Air India as a full-service carrier while AirAsia India and Air India Express will be merged to form a single low-cost carrier (LCC) retaining the Air India Express name. The Group's combined fleet size stands at 219 currently. Earlier this year, with the aim of rapidly growing its 24.8 per cent domestic market share and 22.96 per cent international market share, it placed what was till then the largest single order in aviation history - a mix of 470 Airbus and Boeing airliners, narrow-body as well as wide-body.
Denne historien er fra Issue 8, 2023-utgaven av SP’s Aviation.
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Denne historien er fra Issue 8, 2023-utgaven av SP’s Aviation.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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.
