Indian Aviation Market

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.

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.

Adani Airports chief Arun Bansal on Wednesday said the cost of operating airports has to come down by 30-50 per cent in the coming years as he highlighted the growth potential of the Indian aviation market.

Indian airport operators are projected to report 26 per cent rise in revenues at $3.9 billion in the next financial year, aviation consultancy CAPA India said on Wednesday.

After Air India's historic order of 840 planes to Airbus and Boeing, other Indian carriers are planning to order close to 1,200 more aircraft in over 24 months.

India, the world's fastest growing aviation market, has seen increased competition with a number of domestic and international carriers adding flights and destinations across the country.

Indian airlines carried 1.14 crore passengers in October, 10 per cent higher than the number of people flown in September.

Aviation consultancy firmCentre for Aviation (CAPA) said on Tuesday said that more than 75 planes of Indian carriers are currently grounded due to maintenance and engine-related issues.

European aviation major Airbus on Thursday said it received the regulatory approval from the Indian regulator for its C295 aircraft programme, becoming the first foreign original equipment maker to get such a nod.

Planemaker Boeing Co expects Indian airlines to boost their capacity by at least 25% over the next year as demand rebounds quickly in the world's fastest-growing major market, an executive said on Thursday.

Shares of Indian domestic airlines rose on Thursday, a day after the civil aviation ministry said it will remove the restrictions on ticket prices

Akasa Air is finally in Indian skies as the first flight took off on Sunday between the Mumbai-Ahmedabad route, which was inaugurated by Union Minister for Civil Aviation Jyotiraditya M Scindia along with MoS General Vijay Kumar Singh (Retired).

Indian low-cost carrier SpiceJet Ltd said on Tuesday it had cleared all its outstanding principal dues with the Airports Authority of India, which owns and operates airports in the country.

Indian airline company SpiceJet is going through a highly turbulent phase in recent times on account of several glitches and a non-adherence to mandated guidelines in regards to the training of some pilots.

Jet fuel prices on Wednesday were reduced by 1.3 per cent by oil marketing companies

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.

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.

Adani Airports chief Arun Bansal on Wednesday said the cost of operating airports has to come down by 30-50 per cent in the coming years as he highlighted the growth potential of the Indian aviation market.

Indian airport operators are projected to report 26 per cent rise in revenues at $3.9 billion in the next financial year, aviation consultancy CAPA India said on Wednesday.

After Air India's historic order of 840 planes to Airbus and Boeing, other Indian carriers are planning to order close to 1,200 more aircraft in over 24 months.

India, the world's fastest growing aviation market, has seen increased competition with a number of domestic and international carriers adding flights and destinations across the country.

Indian airlines carried 1.14 crore passengers in October, 10 per cent higher than the number of people flown in September.

Aviation consultancy firmCentre for Aviation (CAPA) said on Tuesday said that more than 75 planes of Indian carriers are currently grounded due to maintenance and engine-related issues.

European aviation major Airbus on Thursday said it received the regulatory approval from the Indian regulator for its C295 aircraft programme, becoming the first foreign original equipment maker to get such a nod.

Planemaker Boeing Co expects Indian airlines to boost their capacity by at least 25% over the next year as demand rebounds quickly in the world's fastest-growing major market, an executive said on Thursday.

Shares of Indian domestic airlines rose on Thursday, a day after the civil aviation ministry said it will remove the restrictions on ticket prices

Akasa Air is finally in Indian skies as the first flight took off on Sunday between the Mumbai-Ahmedabad route, which was inaugurated by Union Minister for Civil Aviation Jyotiraditya M Scindia along with MoS General Vijay Kumar Singh (Retired).

Indian low-cost carrier SpiceJet Ltd said on Tuesday it had cleared all its outstanding principal dues with the Airports Authority of India, which owns and operates airports in the country.

Indian airline company SpiceJet is going through a highly turbulent phase in recent times on account of several glitches and a non-adherence to mandated guidelines in regards to the training of some pilots.

Jet fuel prices on Wednesday were reduced by 1.3 per cent by oil marketing companies