Indian Economy News

India's airline fleet to rise to 1,200, almost double in next 5 years: Mr. Scindia

  • IBEF
  • September 6, 2022

On August 30, Minister of Civil Aviation and Steel, Mr. Jyotiraditya Scindia, stated that India's aviation sector was growing rapidly and the whole fleet size was likely to double in the next five years. He was speaking at the CEOs round table hosted by industry body ASSOCHAM.

"We are looking at a 1,200 fleet size in the country in five years, which is about double the number of the existing 700 aircraft," said Mr. Scindia. He said that the Indian aviation industry would reach 400 million passengers yearly from the existing 200 million in 7–10 years. He noted that the CAGR for the aviation industry is 10% annually.

When asked about increasing the number of air traffic controllers (ATCOs), whose workforce is currently insufficient, Mr. Scindia responded, "soon we will recruit more than 300 ATCOs before the end of this year."

Earlier, on flagging off Akasa Air's inaugural flight, Mr. Scindia predicted that India's civil aviation would experience spectacular growth, with 1,200 planes and 40 crore passengers by 2027 and 220 airports by 2030.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.