india aviation market set to be \number 1\ globally
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

India aviation market set to be 'number 1' globally

Arab Today, arab today

Arab Today, arab today India aviation market set to be 'number 1' globally

New Delhi - AFP

India's fast-growing civil aviation sector, already among the top 10 globally, could be number one worldwide by 2030, said a report Thursday by global consultancy KPMG. Even though most Indian airlines face hefty losses this year and huge debts in the face of fierce competition and a sharply slowing economy, in the longer term the $16-billion sector is on a high-growth track thanks to large untapped potential, experts say. "We've just touched the tip of the aviation iceberg," said Amber Dubey, KPMG's India aerospace head said, noting "access to aviation is still a dream for nearly 99.5 percent" of India's 1.2 billion population. The report was released to coincide with a five-day air show in the southern city of Hyderabad which winds up this weekend. Chicago-based Boeing separately Thursday, in a similarly bullish mode, projected demand for over 1,600 new airplanes in India over the next 20 years, valued at $205 billion. "India's demographics are highly favourable to growth of air transportation" while "the share of India's large population entering the workforce is growing," said Dinesh Keskar, a Boeing senior vice president. Boeing on Wednesday clinched a $4.4-billion order from India's fourth-place no-frills carrier SpiceJet for 42 of its top-selling single-aisle 737 MAX jets. Low-cost carriers, foreign investment in domestic airlines, modern airlines and a new drive for regional connectivity are propelling a new expansion wave, the KPMG report said. Many states, especially in eastern India, have begun promoting air connectivity including by lowering aviation fuel sales tax and developing no-frills airports, the report noted. But a lot more needs to be done, such as allowing domestic code-sharing and developing infrastructure, said the report prepared with the Federation of Indian Chambers of Commerce and Industry (FICCI). "India is blessed with a great geographic location, a large upwardly mobile middle class and immense tourism opportunities," Dubey said, adding, "the beauty is our challenges primarily relate to policies, procedures, regulations and taxes". "These are all man-made problems and hence surmountable." The number of Indian airline passengers has grown by around 13 percent a year over the last decade, according to the Airports Authority of India, to 159 million in 2013. The most significant development in the domestic market is growing dominance of low-cost carriers which now account for almost 70 percent of capacity. Boeing projects passenger airlines in India will rely primarily on single-aisle airplanes such as the Next-Generation 737 and the 737 MAX, a more fuel efficient variant of the widely used 737, to connect passengers.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india aviation market set to be \number 1\ globally india aviation market set to be \number 1\ globally

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india aviation market set to be \number 1\ globally india aviation market set to be \number 1\ globally

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday