More than 800 new aircraft are likely to enter the Indian aviation market, that has been seeing a double-digit growth, in the coming years.
Nearly 500 aircraft are presently operated by Indian carriers.
After coming back from the brink, no-frills airline SpiceJet has inked initial pacts on Monday and Tuesday for orders of up to 60 new planes. This includes 20 latest Boeing 737 MAX 10 aircraft and 40 Q400 turboprop planes from Bombardier.
With the latest announcements at the ongoing Paris Air Show, SpiceJet now has plans or final orders in place for a total of 265 new aircraft.
Rival and leading carrier IndiGo has placed orders for a staggering 430 planes with Airbus. These orders -- mostly for A320 neos -- were announced in 2011 and 2014.
Besides, IndiGo -- which has the largest market share in domestic aviation -- has plans to acquire as many as 50 smaller aircraft as part of entering into the regional aviation market.
In January 2017, GoAir firmed up the order for 72 A320 neo planes.
Back in November 2015, full-service airline Jet Airways announced placing an order for 75 fuel-efficient Boeing 737 MAX 8 aircraft.
Domestic air traffic has been growing in double digits for more than two years and touched a peak of 25.13 per cent in January this year.
Indian airlines flew more than one crore people last month.
In March, Sydney-based aviation think-tank Centre for Asia Pacific Aviation (CAPA) had said India was the third largest aviation market in terms of domestic passenger traffic.
India's domestic air passenger traffic stood at 100 million in 2016, as per its report.