Aviation Sector Growth

Air India's fatal Boeing 787 crash triggers declines in aviation stocks across India and the US, as investor sentiment turns cautious ahead of the Paris Air Show

Six commercial aircraft have been shot down, with three near-misses since 2001, according to aviation risk consultancy Osprey Flight Solutions

Air passenger traffic is likely to rise at a 9 per cent compounded annual growth rate (CAGR) between FY2025 and FY2027, taking the passenger volume to approximately 485 million by FY27, ratings agency CareEdge said on Monday. International passenger traffic is likely to grow at a faster pace, supported by the induction of more wide-body aircraft from FY26, while the domestic passenger traffic may continue with its steady upward trajectory, expanding from a high base, it added. The Indian aviation sector has experienced a V-shaped recovery, with passenger traffic reaching 1.10 times its pre-COVID levels in FY24, the rating agency said. While the domestic air travel rebounded by FY23, the international traffic recovered in FY24, exceeding pre-COVID levels by 1.04 times, it noted. The ratings agency earlier estimated passenger traffic to reach around 425 million in FY25. However, owing to the delays in aircraft deliveries and adverse weather conditions, pax growth is expected to be ..

Air India Express now has 100 planes in its fleet by inducting another Boeing 737-8 aircraft, which operated its first flight on Bengaluru-Hindon route. In a release on Monday, the airline said it will be operating over 500 daily flights by the end of this month across a fast-expanding network of 54 destinations across India, the Middle East and Southeast Asia. From a fleet of 26 Boeing 737 NGs and 28 A320 aircraft in January 2022, when the airline was taken over by the Tata Group, the carrier's has almost doubled its fleet to 100 aircraft, according to the release. The 100th aircraft, featuring 'Chittara' tail art inspired by Karnataka's traditional mural painting, was flagged off by the airline's Managing Director Aloke Singh at Bengaluru's Kempegowda International Airport. "In just over three years since privatisation, we integrated and merged the LCC (low cost carrier) airlines, while scaling up rapidly with a modern and fuel-efficient fleet, broad basing our domestic network,

The budgetary allocation for the civil aviation ministry has been cut by nearly 10 per cent to Rs 2,400.31 crore for the next financial year, with the regional air connectivity scheme UDAN set to get a lower amount of Rs 540 crore. The allocation in the Union Budget 2025-26, presented by the Finance Minister Nirmala Sitharaman in Parliament on Saturday, is less compared to Rs 2,658.68 crore in the revised 2024-25 Budget. Out of the total allocation for the next fiscal starting from April 1, 2025, UDAN will get Rs 540 crore, which is 32 per cent lower compared to Rs 800 crore in the year-ago period. Interestingly, Sitharaman has announced that UDAN (Ude Desh ka Aam Naagrik) scheme will be modified to connect 120 new destinations. As per the budget papers, the allocation for the DGCA and BCAS have increased marginally to Rs 330 crore and Rs 95 crore, respectively, for 2025-26. For the Customs Cost Recovery (CCR) charges to Airport Authority of India (AAI) and AAI Cargo Logistics and

The activity comes despite the financial struggles of two budget carriers GoFirst and SpiceJet, in the wake of the collapse of two other Indian airlines since 2011

Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November

The International Air Transport Association (IATA) said that airline revenues globally will rise in 2024 as the sector is witnessing continued growth in post-pandemic travel

Executives at Japan Airlines and Thai Airways see India as a transit hub to connect Asia Pacific with West Asia and Africa

If enacted, the policy will address challenges such as double security checks and immigration bottlenecks to better streamline travel

What was striking about Q3 2023 was that the number of airline seats between China and southeast Asia was 53 per cent of the 2019 levels, or 4.24 million seats

It also plans to meet a delivery target of at least 70 widebody 787 Dreamliners in 2023 and is transitioning from a production rate of four to five jets per month

With Indian aviation staring at a potential scramble for pilots, airlines such as Akasa can feel deflated

Given the growth in the aviation sector it is expected that India is likely to require over 1,000 pilots per annum over the next five years

The company is confident that it will return to operational profitability in Q3

During 2019, 2020 and 2021, at least 2,368, 400 and 296 pilots were recruited, the aviation ministry stated

Singapore's flag carrier will progressively operate 17 weekly flights to Chennai, up from the current 10 flights per week, it said on Tuesday

India's airport sector is expected to see investments worth Rs 1.65 lakh crore in the coming years, and the government also aims to have 200 airports, Jyotiraditya Scindia said

Despite phenomenal growth, Indian aviation has been a mixed bag with many lost opportunities

He said the move would bring down fares, help aviation sector see growth and thus compete globally