Aviation Market India

India's aviation sector will need to pump in more than $170 billion through 2030 to finance record aircraft orders and boost airport capacity amid an ongoing traffic boom, S&P Global Ratings said in a report.

InterGlobe Aviation promoter Rakesh Gangwal's family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.

India's domestic air passenger traffic rose to 132.8 lakh in June this year which represents a 6.3% increase over the corresponding figure for June last year and reflects a robust 10.4 per cent jump over the pre-Covid levels.

India is now the world's third largest domestic aviation market and the increase in flight routes in the last 10 years has benefitted Tier 2 and 3 cities, President Droupadi Murmu said today.

Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.

Global airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade, airline officials and analysts say.

Making its first-ever purchase of widebody aircraft, IndiGo has placed an order of 30 A350-900 jets with Airbus. IndiGo, which has a 60% share of the Indian aviation market, aims to double its capacity by 2030 and expand its network internationally.

India has "incredibly affordable" airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube.

A growing demand has spurred orders for new aircraft from airlines in the country which is now set to give new energy to global aviation market, Prime Minister Narendra Modi said on Friday.

Jet fuel or ATF price on Sunday was hiked by 5 per cent -- the fourth straight monthly increase since July, and commercial cooking gas (LPG) rates were raised by a steep Rs 209 per 19-kg cylinder, in line with the firming up seen in international benchmarks.

India is one of the most competitive aviation markets in the world and there is also a lot of competition in the market, IndiGo CEO Pieter Elbers said on Tuesday.

InterGlobe Aviation's promoter Shobha Gangwal on Wednesday sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions.

InterGlobe Aviation, the parent of the country's largest airline IndiGo, today reported a profit after tax of Rs 3,090.6 crore in the June quarter.

Vistara airline has begun making plans to merge its staff into Air India, as the country's industrial Tata family combines the two carriers to rebuild its aviation empire and take on market leader IndiGo.

The government on Monday decided to call off the strategic disinvestment of Pawan Hans as the successful bidding consortium Star9 Mobility Pvt Ltd was disqualified in view of pending legal cases.

India's aviation sector will need to pump in more than $170 billion through 2030 to finance record aircraft orders and boost airport capacity amid an ongoing traffic boom, S&P Global Ratings said in a report.

InterGlobe Aviation promoter Rakesh Gangwal's family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.

India's domestic air passenger traffic rose to 132.8 lakh in June this year which represents a 6.3% increase over the corresponding figure for June last year and reflects a robust 10.4 per cent jump over the pre-Covid levels.

India is now the world's third largest domestic aviation market and the increase in flight routes in the last 10 years has benefitted Tier 2 and 3 cities, President Droupadi Murmu said today.

Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.

Global airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade, airline officials and analysts say.

Making its first-ever purchase of widebody aircraft, IndiGo has placed an order of 30 A350-900 jets with Airbus. IndiGo, which has a 60% share of the Indian aviation market, aims to double its capacity by 2030 and expand its network internationally.

India has "incredibly affordable" airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube.

A growing demand has spurred orders for new aircraft from airlines in the country which is now set to give new energy to global aviation market, Prime Minister Narendra Modi said on Friday.

Jet fuel or ATF price on Sunday was hiked by 5 per cent -- the fourth straight monthly increase since July, and commercial cooking gas (LPG) rates were raised by a steep Rs 209 per 19-kg cylinder, in line with the firming up seen in international benchmarks.

India is one of the most competitive aviation markets in the world and there is also a lot of competition in the market, IndiGo CEO Pieter Elbers said on Tuesday.

InterGlobe Aviation's promoter Shobha Gangwal on Wednesday sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions.

InterGlobe Aviation, the parent of the country's largest airline IndiGo, today reported a profit after tax of Rs 3,090.6 crore in the June quarter.

Vistara airline has begun making plans to merge its staff into Air India, as the country's industrial Tata family combines the two carriers to rebuild its aviation empire and take on market leader IndiGo.

The government on Monday decided to call off the strategic disinvestment of Pawan Hans as the successful bidding consortium Star9 Mobility Pvt Ltd was disqualified in view of pending legal cases.