The global aviation sector reached a major milestone in climate action in November 2023 when Virgin Atlantic’s Boeing 787 aircraft successfully completed a flight from London to New York entirely on 100% sustainable aviation fuel (SAF). Powered by Rolls Royce Trent 1000 engines, the aircraft used 60 tonnes of SAF for testing and the flight, proving that sustainable fuels could be just the answer to the sector’s dilemma due to rising emissions.
The aviation sector accounted for 2% of the global carbon emissions in 2022, according to the International Energy Agency. While this figure may not look big, the imminent rise in greenhouse gas emissions in tandem with the projected increase in air travel in the coming years is worrisome. Already, the sector has surpassed other modes of transport, be it by rail, road or shipping, in terms of growth in recent decades. Globally, the demand for air travel is expected to double by 2040, according to International Air Transport Association(IATA).
India stands third in the domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger market in 2024, according to India Brand Equity Foundation. Its aviation market is expected to grow from an estimated $13.54 billion in 2024 to $23.24 billion in 2029 at a compound annual growth rate of 11.41%, according to Mordor Intelligence.
Bu hikaye Outlook Business dergisinin February 2024 sayısından alınmıştır.
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Bu hikaye Outlook Business dergisinin February 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Scale Stimulus
For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.
The Best Valuation Need Not Be the Highest
Info Edge founder and veteran start-up investor Sanjeev Bikhchandani talks to Deepsekhar Choudhury about high valuations and corporate governance in start-ups. Edited excerpts
GCCS Shaping Start-Ups
The remarkable journey of global capability centres (GCCs) in India continues to set new benchmarks, enriching the nation's economic narrative.
Behind the Scenes
Evaluating start-ups is more than number crunching. While some factors are quantifiable, many are more nuanced. Here's a sneak peek inside the war room from where the rankings emerged
Start-Ups have Generated 17.28 Lakh Direct Jobs
Amardeep Singh Bhatia, secretary, department for promotion of industry and internal trade (DPIIT) tells Pushpita Dey about the government's various schemes to give start-ups a leg up.
On the Road Less Travelled
Our entrepreneurial journey as the founders of the CarDekho group proves the fact that ambition and ingenuity can flourish in the most unexpected places.
Being Local Matters
India's rapidly evolving consumer market, backed by a young, progressive population and a flourishing middle class, is a landscape of opportunity and complex challenges.
CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024
Recognizing Visionaries Who Inspire Growth, Innovation, and Progress
At the End of the Day, You Bet on Founders
Zerodha founder and chief executive Nithin Kamath tells Deepsekhar Choudhury that the philosophy of a company is what sets it apart and makes it special. Edited excerpts
Time to Go Global
India's defence and space start-up ecosystems have witnessed exponential growth in recent years, with over 1,000 defence and 250 space start-ups driving deep-tech innovation. Government initiatives such as Innovations for Defence Excellence (iDEX), positive indigenisation lists and allocation of 75% of the defence capital budget for domestic procurement, along with support from Indian National Space Promotion and Authorisation Centre (InSpace), have created vast opportunities.
