30 Jul 2018

India Aviation Industry Newsletter 30 July

Airfares in India could get costlier by 7% next year The Indian aviation sector may see a sharp rise of 7.3% in airfares next year, according to a new industry survey. The fifth annual Global Travel Forecast, published by Global Business Travel Association and Carlson Wagonlit Travel (CWT), also predicts that India will become the world’s largest aviation market by 2025, with airports operating beyond capacity. De Juniac praises India's aviation strategy International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac has hailed domestic growth in India, but warned that the country still faces infrastructure challenges.In a wide-ranging interview with the Press Trust of India, de Juniac welcomed another month of strong domestic growth and said that the Indian government's role was to be commended. "The Indian government has a vision for aviation in India. There is a clear aviation policy which reflects a national development strategy that appreciates aviation’s role," he said. Indian airlines eye more passengers from Bangladesh: Envoy Indian High Commissioner in Dhaka Harsh Vardhan Shringla has said the increasing interest of their airlines on routes between Bangladesh and India is in tandem with the progress made by trade, commercial and people-to-people ties between the two countries. "The two countries will need to keep pace with the rapid growth and changes in the bilateral relations in the area of civil aviation," he said while speaking at the launching ceremony of IndiGo flight on Dhaka-Kolkata-Dhaka route. IndiGo, the largest low-cost carrier of India, is all set to make a debut in Bangladesh on 1 August this year India records double-digit air passenger growth for 45th consecutive month in May: IATA India registered double-digit domestic air passenger growth for the 45th straight month in May even though volumes have fallen in recent months, airlines' according to IATA. The International Air Transport Association (IATA) said the country's Revenue Passenger Kilometre (RPK) -- a measure of passenger volumes -- rose 16.6 per cent in May. Passenger demand has continued to be supported by strong growth in the number of airport connections within the country too; 22 per cent more airport-pairs are scheduled to operate in 2018 compared to last year," IATA said. India to be Among the Top Three Passenger Aviation Markets by 2026 Passenger numbers in India have consistently seen double-digit growth over the past few years, significantly outperforming the global average. India is predicted to be among the top three passenger aviation markets by 2026, according to Maneesh Jaikrishna, Vice President, Indian Subcontinent, Eastern & Southern Africa, SITA. In an interview Jaikrishna stated that India will become the third largest aviation market in terms of passengers by 2026 and by the year 2020, passenger traffic at Indian airports is expected to increase to 421 million from currently being at 308.75 million in 2017-18. Narrow-body aircraft orders from India overtake China: CAPA Recent orders from India, which is the fastest growing aviation market in the world after US and China, according to jet manufacturers Airbus SE and Boeing Co, puts the country ahead of China in the narrow-body aircraft order book. India, which has the third-largest aircraft order book after the US and China, now has more narrow-body orders than China, aviation consultants CAPA India said in a recent report. Acumen Aviation © 30 July All Rights Reserved.