Aviation

Indian aviation industry, catching an excellent growth of 17% from past few years comprises population to an extent of 40 million covering all the domestic sectors and population of 20 million that is covering the international sectors throughout India till 2008.

There has also been an upward shift in the number of airports that are spread throughout India. The list combines approximately 15 international airports as well as domestic airports which are 87 in count. There are also 27 enclaves along with various smaller airstrips which are 300 in number. Contributing a significant share hold to India’s GDP of about 0.2%, there has been a significant growth of 13-14% in air cargoes. The Indian market is no more held with the year old company, Air India but there are also some of the major players who have actively taken participation with the market namely, Kingfisher, Spice Jet, Paramount, Indigo and others. Kingfisher is the leading aviation company that is comprising the largest shares to an extent of 21% following which is Jet Airways having maximum shares of 19.5%. Maintaining a perfect balance of 70 to 80%, the market is flourished since 2009.

With the start of domestic aviation, the sector was completely shifted towards private airlines that also included economic stability with a firmness that stands as the main reason for stimulating growth in the department of aviation. Since, the Industry of Indian Aviation is new, the aircrafts and planes are all new which provides perfect blend of operational efficiency along with comfort options to passengers as well as durability.

The aviation industry is still in nascent stage in India and slowly and gradually, there will be a gradual increase that will be easily seen in both the passengers those are travelling as well as cargo that is being transported by various airlines. There has been found an increase in the number of tourists who are visiting India for recreational or business activities and for which India is also becoming the tourist destination very easily. The geographical location of India is very much suitable for turning the country into a perfect aviation hub. The best part is the crossroads that connects India with Europe and Asia Pacific. There is also a unique reason which states the position of India to be most suitable for aerospace activities which is the manufacturing of aerospace design and its outsourcing.

There has been consecutive reform that has been brought about in the Indian aviation industry that starts with the adoption of open sky policy as well as operation of air-taxi operators which helps the flights to take off easily from any airports be it charter or non charter.

The most threatening and biggest threats to Indian aviation industry that falls in the international segment is the introduction of various cost permissive as well as foreign airlines. Most of the times, security also stands as the concern.

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