Boeing Gung-ho about India Market Growth
Boeing upholds its buoyant outlook of the Indian market and raised its long-term forecast for new aircraft demand for the fifth consecutive year, projecting the country’s airlines will need 2,300 new jets by 2037. This is 9.5 percent more than its previous prediction for a supply of 2,100 new aircraft by 2036 made last year and compares with a forecast for some 1,600 new jets predicted back in 2014. If the revised outlook materializes, Indian airlines would almost quadruple their fleet over the next two decades. The Indian commercial fleet stood at 620 aircraft at the end of July, according to data of the Directorate General of Civil Aviation.
Indian airlines took delivery of more than 120 aircraft in 2018
Indian carriers inducted more than 120 aircraft in 2018. The feat was achieved in 2018. As per data available, Air India, IndiGo, GoAir, Jet Airways, Vistara, SpiceJet, Alliance Air, Air India Express and Air Asia India collectively inducted 120 aircraft last year as compared to 88 in 2017.
India planning ‘regulatory ecosystem’ for aircraft financing and leasing
The Indian government plans to put in place an “enabling regulatory ecosystem” for aircraft financing and leasing at international financial service centres in India amid domestic airlines placing large orders for planes, according to Civil Aviation Minister Suresh Prabhu. India is the fastest-growing domestic aviation market in the world.
Indian Airlines To Get Relief from Gagan Delay
Indian Airlines are to get relief through an extension of the Directorate General of Civil Aviation’s (DGCA) mandatory deadline for installing GPS-Aided Geo Augmented Navigation (Gagan) equipment on all India-registered aircraft from January 1, 2019, to June 2020. According to estimates costs at about $200,000 for equipment and training per aircraft and an additional cost of keeping aircraft on the ground for 10 to 14 days for retrofits.
Jackson Square Aviation Ireland To Lease Three New Boeing 737 MAX 8 Aircraft To SpiceJet
Jackson Square Aviation Ireland (JSAI) announced 26 December its first transaction with SpiceJet for the lease of three new Boeing 737 MAX 8 aircraft, with deliveries commencing in 2020. “JSAI is delighted to welcome SpiceJet as our newest customer for the latest technology Boeing aircraft” said Chris Dailey, Chief Marketing Officer. He added, “We look forward to building a long-term partnership with the airline as it continues its growth in the years ahead.”
Star Air obtains AOC and readies launch
India’s Star Air obtained its Air Operator Certificate (AOC) from the Ministry of Civil Aviation, allowing the airline to begin flights from its base in Bengaluru. The carrier plans to launch domestic services with a fleet of ERJ-145 aircraft, including serial 14500845. The airline is owned by the Sanjay Ghodawat Group.
UAE, India set to discuss increase in air traffic
India and UAE are expected to hold preliminary discussions later this month as a precursor to renegotiating their bilateral air services agreement. An official level meeting between India and the UAE civil aviation ministry officials is slated for January 15 in Mumbai to discuss the issue, official sources at India’s civil aviation ministry told Arabian Business reported.
Acumen Aviation © 7 January 2019 All Rights Reserved.