Jet Airways, AirAsia, SpiceJet to add new aircraft to meet rising demand

The Indian aviation industry is expanding by leaps and bounds spearheaded by affordable pricing and better connectivity. In fact, domestic Indian passenger traffic increased by 17.9% in January from last year, comfortably touching the 41st consecutive month of double-digit growth, as mentioned by the International Air Transport Association in a monthly update on Thursday. To keep up with the pace of the world’s fastest-growing aviation market, Indian carriers including Jet Airways, Air Asia and SpiceJet are planning to add new airplanes to their fleets.

Speaking at the Wings India 2018 in Hyderabad yesterday, Civil Aviation Secretary Rajiv Nayan Choubey said that as long as oil process remained below USD 80 per barrel, he believes the Indian aviation market would grow at a compound annual growth rate of 15% for the next 20 years or so.

“The growth of the domestic Indian (aviation) market is the highest in the world,” Boeing Senior Vice President Asia Pacific and India Sales Dinesh Keskar said. “Every segment of traffic in and out of India is going to grow for the next 20 years,” he further added as mentioned in agency reports.

Indian airlines are rushing to add more jets to meet the rising demand for domestic and international flights, making it one of the most targeted sales markets for jet manufacturers Airbus SE and Boeing Co. Boeing even said in July last year that it expected Indian carriers to order up to 2,100 new aircraft worth USD 290 billion over the next 20 years. They also called it the highest-ever forecast for Asia’s third-largest economy.

Jet Airways last year finalised a deal to buy a separate 75 Boeing 737 MAX aircraft and said it was in ‘serious talks’ for 75 more. Jet Airways CEO Vinay Dube said that they would finalize the deal with one of the plane manufacturers, alluding to Boeing or Airbus.

Similarly, AirAsia India is looking to expand its fleet to 60 jets from the current 14 over the next five years, a spokeswoman said. The airline’s parent, AirAsia Bhd, said in January it was considering an IPO of the Indian arm. SpiceJet’s Chairman Ajay Singh said his airline was studying the feasibility of Boeing’s and Airbus’ jets for longer haul international destinations, including western Europe and United States, as it looks to expand beyond short-haul international routes. In July, SpiceJet had signed a provisional deal to buy 40 Boeing 737 MAX 10 jets. He also said the low-cost carrier was close to announcing an on board Wi-Fi facility on its flights, which would offer in-flight entertainment including streaming movies, cricket and as well as shopping. The move, which could boost SpiceJet’s ancillary revenue, is likely to come by April, he said.

IndiGo, India’s biggest airline plans to order as many as 50 Airbus A330 wide-body jets, as mentioned in a report by Bloomberg. However, increased strength of these fleets only raises questions about the capacity of Indian airports to handle the booming traffic. “We are committed to ensure that new airports are built, better air space management services are provided, so that there is no congestion in the skies,” Choubey said.

According to reports earlier this week, Mumbai’s Chhatrapati Shivaji Maharaj International Airport had already reached 94% of its traffic handling capacity and it is expected to reach 100% this year. The Mumbai International Airport Pvt. Ltd. (MIAL) is seeking help from Sydney-based consultants who will help the airport authorities handle the operations better so as to make it more efficient. Similarly, the Delhi airport is also the 7th busiest in the continent and amongst the top 20 busiest in the world.

 

News Source: https://www.businesstoday.in/

About author

TnH Global
TnH Global 3924 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

India’s Largest Exhibition – Vibrant Gujarat Global Trade Show receives overwhelming response, 75% dome space already sold out

Special incentives to women entrepreneurs and MSMEs taking part in the Trade Show Around 2 million visitors expected to attend Vibrant Gujarat Global Trade Show 2017 Vibrant Gujarat Global Trade

Trending

Northeast Indian Railway services to normalize from September 1

Train services between the Northeast and the rest of India is likely to normalize from September 1, railway officials said today. The rail link has been snapped since August 12

Latest

Address Downtown opens doors to hotel guests

Address Downtown features 220 rooms and suites with high-end features, innovative restaurant choices and the world-class The Spa. Address Downtown, the flagship hotel under Emaar Hospitality Group’s premium lifestyle Address

Latest

RezLive.Com Dazzles at SATTE 2016, New Delhi

RezLive.com (A Product of Travel Designer Group), had a productive SATTE, 2016 which was held in New Delhi and showcased its offering to the Travel Trade.  Over the three days

Slider

Mandarin Oriental Milan launches a Truffle and Wine tasting tour of Piedmont

Mandarin Oriental, Milan has launched a wine and culinary tour of neighbouring Piedmont, available from 1 October 2017. Guests booking the White Truffle and Fine Wine Experience package will sample local wines during a

Slider

New “Entertainment Suite” launched by Landmark Mandarin Oriental, Hong Kong

The Landmark Mandarin Oriental, Hong Kong has unveiled the hotel’s new Entertainment Suite. Designed by award-winning Hong Kong architect and designer, Joyce Wang, and with cutting edge technology installed, the 2,250-square

Latest

Sylhet welcomes flydubai

City becomes flydubai’s third destination in Bangladesh. Dubai-based flydubai’s inaugural flight to Sylhet landed lately and was greeted by a traditional water cannon salute. Upon arrival, a flydubai delegation led

Government

Maharashtra Govt. allows shops and establishments to operate 24×7

The Maharashtra government has issued a notification which allows shops and establishments to remain open 24×7 across the state. While the act will apply to hotels and restaurants, bars will

Destinations

Andhra Pradesh allures tourists with water sports launch in Vijayawada

Launches a host of facilities such as parasailing, water skiing, speed boat etc. Launches houseboats in Papikondalu, Rajahmundry To introduce sea planes and  amphibious vehicles at select destinations Tourist preference

Latest

UK considers visa-free travel for citizens of EU after Brexit

As per media report, Britain is considering a plan under which citizens of European Union will be allowed to travel without visa  to the country even after Brexit.  If such

St. Moritz captivates with new highlights in the fields of events, culture, nightlife and cuisine

In anticipation of the upcoming FIS Alpine World Ski Championships in February 2017, St. Moritz is presenting a host of surprises‒ with new bars, restaurants and shops, coupled with top-level

Slider

ITB Asia 2017 announces major partnership with Korea Tourism Organization

Partnership set to attract more Leisure, MICE and Corporate buyers to the milestone ITB Asia event and promote Korea as a world-class destination in Asia. ITB Asia has secured a

0 Comments

No Comments Yet!

You can be first to comment this post!