20 Aug 2018
India Aviation Industry Newsletter 20 August
Haryana's first civil airport in Hisar dedicated to the public
Chief Minister Manohar Lal Khattar opened the state's first civil airport at Hisar to the people of Haryana, saying it would open the possibilities of creating an economic corridor and vibrant industrial ecosystem. The investment in the new airport amounted to INR123.6 million ($1.8 million).
India's aviation industry set to soar
India’s aviation sector is on fire. June 2018 was the 46th-consecutive month when domestic traffic grew in double digits. Just when a slowdown was expected, thanks to the spike in crude oil prices, rupee depreciation and congested airports, domestic traffic in the first half of 2018 grew by 22% versus a world average of 7-8%. Barely 1 per cent of Indians fly, despite a 350-million-strong middle class. If each of them takes a return flight just once a year, we are looking at 700 million trips, bringing India very close to China.
Indian Aviation Market Grew Fastest Among Its Asia-Pacific Peers
India led the Asia-Pacific region in posting the highest growth in air passenger traffic in May at 13.3%, said the Airports Council International in its latest study released this month. In comparison, growth in China stood at 8.3% and South Korea at 8.1% said the global body representing airports worldwide.
India Working on Bizav Aircraft Management Rules
India’s ministry of civil aviation is now working on a model that would better accommodate business aircraft management, India Business Aviation Operators Association (BAOA) managing director R.K. Bali told AIN. These new guidelines would help the country’s business aviation sector to become more cost-effective, he said.
India-Russia Collaboration Can Change Global Aviation - Indian Minister
At the celebrations marking the 60th anniversary of Indian Operations of Aeroflot, India's minister for commerce, Suresh Prabhu called Indo-Russian relations "time-tested" and "built on mutual trust." Speaking on the occasion, the chief guest of the evening, Nikolay R. Kudashev, the Ambassador Extraordinaire and Plenipotentiary of the Russian Federation to the Republic of India said that "the best is yet to come." Aeroflot operates two daily flights between Moscow and Delhi using Airbus A330 aircraft.
Singapore Airlines plans to increase capacity from Delhi & Ahmedabad
Singapore Airlines (SIA) will be replacing its Boeing B777 with B787-10 on the Delhi-Singapore route by the end of October. The SIA 787-10s are configured with 337 seats as compared to the previous aircraft which had 266 seats. With these 71 seats extra, the capacity will increase by 10%.
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