Last Updated: March 22, 2019
Last Updated: February, 2019
India is the world’s third largest domestic aviation market and third largest aviation market. By 2024^, India’s overall aviation market is expected to become the third largest globally.
Capacity available in India’s domestic flights, as measured by Available Seat Kilometers, stood at 103,343.2 million kms while demand, as measured by Revenue Passenger Kilometers, stood at 88,270.7 million kms.
Capacity available in India’s international flights, as measured by Available Seat Kilometers, stood at 73,083.1 million kms while demand, as measured by Revenue Passenger Kilometers, stood at 58,418.8 million kms.
Domestic passenger traffic expanded at a Compound Annual Growth Rate (CAGR) of 13.91 per cent over FY06–18. International passenger traffic posted a CAGR of 9.36 per cent over FY06-18. Freight Traffic grew at a CAGR of 7.53 per cent over FY06-18. Freight Traffic is expected to grow at a CAGR of 7.27 per cent to reach 4.14 million tonnes in FY23.
During April-December 2018, passenger* traffic in India stood at 258.06 million. Out of which domestic passenger traffic stood at 206.55 million while international traffic stood at 51.51 million. Total freight traffic handled in India stood at 2.70 million tonnes during the same time. During April- December 2018, domestic aircraft movement stood at 1.62 million while international aircraft movement stood at 0.33 million.
As of December 2018, there are 102 operational airports in India. As of May 2018, 588 airplanes were in-service in the fleet of Indian airlines. It is further expected to grow to 1,100 planes by 2027.
The Government of India has launched regional connectivity scheme named UDAN (Ude Desh ka Aam Nagrik) to make flying affordable for common man.
AAI is going to invest Rs 15,000 crore (US$ 2.32 billion) in 2018-19 for expanding existing terminals and constructing 15 new ones. It has opened airport sector to private participation, six airports across major cities are being developed under the PPP model. The Airports Authority of India (AAI) aims to bring around 250 airports under operation across the country by 2020. Investments to the tune of Rs 420-450 billion (US$ 5.99-6.41 billion) are expected in India’s airport infrastructure between FY18-23 # .
FDI inflows in India’s air transport sector (including air freight) reached US$ 1,817.23 million from April 2000-December 2018.
Note: *Domestic and International, ^As per IATA forecasts, # As per CRISIL
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Last Updated: March 22, 2019
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