New Delhi: India Inc. Wednesday endorsed budget passenger carrier
IndiGo’s order for 250 aircraft with Airbus as a testament to the Indian
aviation sector’s potential.
According to industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI), the firm order for 250 Airbus A-320neo aircraft — the single largest order by a single airline — reaffirms the confidence in Indian aviation growth story.
“India is one of the least penetrated markets in terms of aircraft. The sector is just taking off and the order reaffirms the confidence in Indian aviation growth story,” FICCI secretary general A. Didar Singh told IANS.
“The sector is expected to grow at a fast trajectory as the economy improves.”
According to the Commerce Ministry’s India Brand Equity Foundation (IBEF), India’s aviation market is expected to become the third largest by 2020 and largest by 2030.
By market size, the Indian civil aviation industry is amongst the top-10 in the world with a size of around $16 billion.
In the April-May period of the current financial year, aircraft movements and passengers have increased by five percent each over traffic handled during the corresponding period of FY14.
Singh’s view were corroborated by Amrit Pandurangi, senior director, Deloitte in India, who said that after consolidating its position as the largest market share holder the airline was looking at the future prospects of the industry.
Read news in frull 15/10/14 IANS/NVO News
According to industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI), the firm order for 250 Airbus A-320neo aircraft — the single largest order by a single airline — reaffirms the confidence in Indian aviation growth story.
“India is one of the least penetrated markets in terms of aircraft. The sector is just taking off and the order reaffirms the confidence in Indian aviation growth story,” FICCI secretary general A. Didar Singh told IANS.
“The sector is expected to grow at a fast trajectory as the economy improves.”
According to the Commerce Ministry’s India Brand Equity Foundation (IBEF), India’s aviation market is expected to become the third largest by 2020 and largest by 2030.
By market size, the Indian civil aviation industry is amongst the top-10 in the world with a size of around $16 billion.
In the April-May period of the current financial year, aircraft movements and passengers have increased by five percent each over traffic handled during the corresponding period of FY14.
Singh’s view were corroborated by Amrit Pandurangi, senior director, Deloitte in India, who said that after consolidating its position as the largest market share holder the airline was looking at the future prospects of the industry.
Read news in frull 15/10/14 IANS/NVO News
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