The Indian aviation sector is experiencing a mix of exciting and challenging times.
On one hand, mounting losses of domestic airlines, high cost of ATF, show growth in passenger and cargo traffic, rising fares, high airport charges, pitiable state of the MRO sectors, etc. are crippling industry growth. On the other hand, the long term growth prospects of the industry are attracting international prayers to invest in India.
The size of Indian civil aviation industry is amongst the top ten in the world at USD 16 billion. Despite market fluctuations especially with regard to ATF prices, the Indian aviation sector is growing, albeit slowly. Indian carriers plan to double their fleet size by 2020 to around 800 aircrafts.
In order to cope up with the growing demand of air travel, India’s Ministry of civil Aviation