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MARCH 2016 ISSUE

Force Magazine

In Transit

India Aviation 2016 Show
 

Ghazala Wahab

We love figures, statistical figures, that is. Figures are feel-good, distracting and synonymous for potential success. Hence, it is only fit that the 5th edition of the India Aviation Show should ride the wave created by figures. Here are some which have been in circulation for a while:

› India is the 9th largest civil aviation market in the world. It is also the fastest growing, with five domestic carriers and about 85 international airlines operating from here.

› Yet, this is just the proverbial tip of the iceberg, because the potential is much more. Air travel has penetrated only a miniscule fraction of the Indian population with, ‘0.04 trips per capita per annum as compared to over two in the United States.’ Only 70 million domestic air tickets were sold in India in 2014-2015, whereas there is potential for 300 million tickets in a year.

› Hence, the draft civil aviation policy of the government of India envisions that by 2022, 300 million domestic tickets should be sold; and 500 million by 2027, by which time, international ticketing will also increase to 200 million.

› This vision is realisable given that in 2013-2014, Indian civil aviation market clocked compound annual growth rate (CAGR) of 12 per cent in passenger and 10 per cent in cargo traffic. Apparently, this healthy growth rate was made possible by a number of factors, including opening up of the airport infrastructure to private sector; substantive investment in infrastructure; increase in Foreign Direct Investment (FDI); increase in business & leisure travel; rise of low cost and new carriers; and growth in air-cargo industry.

› According to a study done by ICRA Management Consultancy Services Ltd (IMaCS), ‘by 2035, the Indian civil aviation sector (across the study segments of airports, airlines, cargo, maintenance, repair and overhaul, and ground handling) will employ 0.8 to one million personnel directly and another three million indirectly (for one direct job about 3.5 indirect jobs are created).’

› By 2020, passenger traffic at Indian airports is likely to reach 450 million from 159.3 million in 2012-2013, thereby according India the status of one of the global aviation hubs.

› In the 12th Five Year Plan, the aviation sector is likely to see investments totalling USD 12.1 billion, out of which USD 9.3 billion is expected to come from the private sector.

› With the government’s focus on regional connectivity, about 200 low-cost airports are likely to be built over the next 20 years in smaller Indian towns.

India Aviation 2016 Show

 
 
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