Key Points
With the new year having just dawned, the industry is looking into the days and months ahead with caution, as capacity expansion is threatened by supply-chain glitches in availability of engines, spare parts, and engine recall by Pratt & Whitney impacting Indias largest airline IndiGo. ..
Aviation consultancy firm Capa India estimates that the Indian aviation sector may see a grounded fleet of around 200 aircraft by the end of the current financial year, from approximately 160 currently, with nearly 90 aircraft of IndiGo, and 2530 each of the Tata Group-backed Air India and low-cost carrier SpiceJet..
The growing potential of Indian aviation, driven by an expanding middle-class, rise in income fuelled by a robust economy, has also encouraged the concept of twin-airport model catering to such centres of demand..
With an air travel penetration of 34%, there is an untapped potential which is catching the attention of not just the Indian carriers, but also international airlines. 2023 was another record year for Virgin Atlantic in India, as we flew over 620,000 seats, our highest ever..
The year gone by was also about Indian policy makers encouraging an ecosystem of aerospace manufacturing in India in order to truly build a sustainable aviation model to address issues in supply chain and reduce foreign-denominated expenses for the aerospace companies..
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