How you look forward to Aviation growth in Asia especially India and on larger scale in South East Asia?
Initially looking at the wider Asia Pacific. region there is significant growth being driven by much larger middle class in many of the economies.
There is very rapid increase in GDP usually 5 per cent or beyond in most countries and a new category of passengers is entering the aviation market typically taking the first flight with the low cost or ultra low cost carrier and this is being seen some sort of growth among the carriers throughout the region.
Most specifically for India, I think we are seeing a period of consolidation, regulation and also period of dramatic increases in terms of airlines scale, airlines complexity but also efficiencies of scale. One of the most interesting area of the Indian market has been significant emergence of IndiGo as the largest carrier.
They have shown immense synergies and efficiencies of scale in terms of the type of fleet. They have become benchmark for many of the Indian carriers to look towards. But also over a period of consolidation in terms of the TATA acquisition of air India, Vistara, Air Asia India and we are seeing really redistribution of airlines throughout India. There are few airlines ofcousre which are not operating as of now but obviously we see the new startups and new entrants to the market.
Recently, we have seen Fly Big, also seen the growth of Star Air and I think the regional connectivity is key to the future progression of India aviation. As were going to see greater connectivity between the outline stations and the central hubs which will connect greater number of people through India to the wider aviation market.
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