India is making significant strides toward aerospace self-sufficiency, with Tata Advanced Systems partnering with Airbus to establish helicopter and military aircraft assembly lines in Karnataka and Gujarat. These ventures mark India’s first private-sector aerospace manufacturing facilities and pave the way for indigenous civil aircraft production. While commercial aircraft manufacturing is...
Indian and South Asian airlines are set to expand their fleets with 2,835 new aircraft over the next two decades to meet rising air travel demand. Boeing’s Commercial Market Outlook (CMO) anticipates over 7% annual traffic growth, driven by economic expansion and improved connectivity, nearly quadrupling the region’s commercial fleet...
The Indian aviation sector is experiencing a robust recovery, with domestic air passenger traffic on the rise in H2 FY24. Icra, a leading rating agency, predicts a positive outlook for the industry in the second half of the fiscal year 2023-24. In September, domestic air passenger traffic is estimated to...
The Civil Aviation Ministry recently presented a Draft Aircraft Bill, 2023, which acknowledges the need to revamp, streamline and simplify existing regulations for meeting the current needs of the aviation industry. The aim of the new legislation is to provide a simplified approach to regulations and make better provisions for...
Pran Dasan, Director, Commercial Operations South East Asia, flydubai, opines that adopting the 7th freedom of air on the lines of China (for its Hainan port) will pose a threat to Indian air carriers due to the entry of foreign competition on routes where they have no justification to be...
Dr. Pralok Gupta, Associate Professor, Centre for WTO Studies, IIFT and an international trade expert, believes that granting the seventh freedom of air is a mixed bag. While it may be beneficial for traders by promoting greater trade & commerce, it may be a threat to domestic carriers as it...
With countries across the world imposing restrictions on the movement of people within their borders to curb the transmission of the virus, international air travel has taken a backseat. India is expected to be among the worst hit markets in the Asia Pacific region, be it passenger demand, revenue losses...
Seventh Freedom is a lucrative prospect for Indian ports in a competitive market, but the gains in terms of trade and investment must be juxtaposed with the potential impact on the domestic aviation industry. • China has recently decided to permit foreign airlines to fly revenue traffic between two countries...
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