INDIA’S CIVIL AVIATION SECTOR STANDS AS A CORNERSTONE of the nation’s rapid economic growth, experiencing robust recovery and unprecedented expansion after the challenges posed by the COVID-19 pandemic. This projected momentum is intrinsically tied to the industry’s anticipated growth from $10.89 billion in 2023 to $12.55 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 2.87 per cent over the forecast period.
The Boeing Commercial Market Outlook 2023 further solidifies India’s aviation ascendancy, earmarking 90 per cent of the projected 2,700 new airplanes for South Asia in the next two decades for India. Forecasts from Boeing align with the aspirations for India’s commercial aviation market to ascend into the top three globally by 2041, trailing only China and the United States. The optimism is also substantiated by the India Brand Equity Foundation (IBEF), which points to a fully recovered air traffic movement of 327.28 million in FY23, an impressive surge from 188.89 million in FY22. Projections by the International Air Transport Association (IATA) posit India to secure the third spot in the world’s air passenger market by 2030.
FACTORS FACILITATING INDIA’S AVIATION GROWTH
Bu hikaye SP’s Aviation dergisinin Issue 1, 2024 sayısından alınmıştır.
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Bu hikaye SP’s Aviation dergisinin Issue 1, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
CZECH REPUBLIC ORDERS TWO EMBRAER C-390 MILLENNIUM MULTI-MISSION AIRCRAFT
The Czech Republic becomes the fourth NATO member to acquire the C-390 Millennium
LOCKHEED CONSTELLATION: "CALL ME CONNIE!"
In October 1961 the IAF's No. 6 Squadron \"Dragons\" added nine retired Air-India International Super Constellations to its fleet. Seven of these were modified for Maritime Reconnaissance. Two Super Connies served as freighters or troop carriers.
INDIA AND US SIGN GA'S MQ-9B PREDATOR DRONES; AGREEMENT ON ESTABLISHING MRO FACILITY IN INDIA
General Atomics Predator Drones represents a pivotal asset for India's defence capabilities, particularly in enhancing ISR and strike capabilities
"WE FORESEE POTENTIAL SUPPLIERS ACROSS DEFENCE, COMMERCIAL AVIATION AND EXECUTIVE JETS BUSINESSES GIVEN THE ADVANCE AEROSPACE ENGINEERING CAPABILITIES IN INDIA."
In an exclusive interaction, Frederico Lemos, Chief Commercial Officer, Embraer Defense & Security speaks with Jayant Baranwal, Editor-in-Chief, on a range of subjects concerning their increased global footprint, especially on expanding their partnership with India
SHOWCASING POWER OF COLLABORATION
Exercise Tarang Shakti, India's largest multinational air exercise aimed at enhancing interoperability and strengthening operational capabilities, also demonstrated India's growing stature in global military and defence production
INDIA'S QUEST FOR INDIGENOUS JET ENGINE REMAINS AT THE THRESHOLD
While the Ministry of Defence (MoD) has denied the reports to impose penalties on GE over the delays of the F404 jet engine, India's quest for the indigenous jet engine remains at the threshold in search of its IPs and tech
LCA MKIA DELAYED, MRFA ON SLOW MODE - IMPLICATIONS FOR IAF
The IAF is currently operating at around 30 squadrons, well below the authorised strength of 42 squadrons, and defence analysts recommend 50 squadrons to handle a two-front conflict
A BOLDER APPROACH TOWARDS BUILDING CAPABILITY INDIGENOUSLY - AIR CHIEF MARSHAL A.P. SINGH
The annual press day by Chief of the Air Staff Air Chief Marshal A.P. Singh was a testament to the Indian Air Force's strategic vision for modernisation and self-reliance
'IAF AIMS TO BE AN AGILE AND ADAPTABLE AIR FORCE'
On the occasion of the 92nd IAF Day, Jayant Baranwal, Editor-in-Chief, SP's Aviation spoke extensively to Air Chief Marshal A.P. Singh, Chief of the Air Staff, on a range of subjects concerning the Indian Air Force
KEY ELEMENTS OF SAF (SUSTAINABLE AVIATION FUEL)
With SAF being constantly pushed as a panacea, a reality check is essential. The journey to achieve net zero by 2050 will in truth be long, arduous and terribly expensive. Success is by no means assured without urgent measures.
