{"id":11814,"date":"2024-01-18T13:40:54","date_gmt":"2024-01-18T10:40:54","guid":{"rendered":"https:\/\/aviation-news.info\/?p=11814"},"modified":"2024-01-18T12:25:44","modified_gmt":"2024-01-18T09:25:44","slug":"new-orders-to-be-announced-at-indian-aviation-event-by-airlines-and-planemakers","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=11814","title":{"rendered":"New Orders to Be Announced at Indian Aviation Event by Airlines and Planemakers"},"content":{"rendered":"

Aviation News International – In an attempt to capitalise on a boom in the rapidly expanding aviation business with a stronger emphasis on international routes, Indian airlines and aircraft manufacturers Boeing and Airbus will unveil new orders this week and display huge planes.<\/p>\n

India is aiming to become a regional aviation hub that can compete with Dubai and\u00a0Singapore<\/a><\/strong>. This is why the Wings India event, which takes place in Hyderabad, in the country\u2019s south from Thursday to Sunday, is expected to attract government and lessor representatives.<\/p>\n

In answer to a question about the industry\u2019s growth, Jyotiraditya Scindia, the minister of civil aviation, told Reuters last week that\u00a0\u201cair traffic, airports, and fleet size are going to grow at a double digit growth annually in years to come.\u201d<\/strong><\/p>\n

The demand for travel is outpacing the availability of aircraft, making India the country with the fastest-growing\u00a0aviation industry<\/a><\/strong> in the world, yet overseas carriers like Emirates handle the majority of this business.<\/p>\n

At this week\u2019s aviation expo, Akasa, the newest airline in India, which is scheduled to begin international flights in 2024, is anticipated to announce an order for approximately 150 Boeing 737 MAX narrowbody planes, adding to the recent record orders placed by larger competitors.<\/p>\n

It was not immediately apparent if Akasa\u2019s order covered Boeing\u2019s contentious 737 Max 9 aircraft, since the planemaker was under scrutiny from authorities following a cabin panel blowout this month that exacerbated its safety issues.<\/p>\n

The 737 Max 9 is not currently flown by Indian commercial carriers.<\/p>\n

In the aftermath of the bankruptcy of two other Indian airlines since 2011, the activity is taking place despite the financial difficulties of two budget carriers, GoFirst and SpiceJet.<\/p>\n

Nonetheless, Scindia noted that bankruptcies were a\u00a0\u201cthing of the past\u201d<\/strong>\u00a0and that a boom in the industry had been created by the emergence of smaller regional airlines and government incentives for carriers to operate in smaller locations.<\/p>\n

With an estimated $12 billion invested in new airport construction and renovation, India hopes to increase the number of airports from 150 to 200 within five years.<\/p>\n

India now has over 700 aircraft in its fleet, and IndiGo, Air India, and Akasa have orders for about 1,500 more.<\/p>\n

According to Remi Maillard, managing director of Airbus India and South Asia, the number indicates the market\u2019s thirst for expansion, particularly in the long-haul category as international air travel becomes more and more prominent, as reported by Reuters.<\/p>\n

The world\u2019s largest twin-engine passenger aeroplane, the Boeing 777-9, will be on exhibit at the Hyderabad event with Air India\u2019s first Airbus A350.<\/p>\n

They will fly on the worldwide network of the Indian airline and are included in its recent order book.<\/p>\n

However, a lot more aircraft are also being ordered for the home market, raising the possibility of an overstock in the near future, which analysts have cautioned might make it difficult for airlines to turn a profit in the face of fierce competition.<\/p>\n

Additional hazards to expansion encompass mechanical issues and a pilot scarcity, which may intensify due to government intentions to reduce flight durations in response to weariness-related demonstrations.<\/p>\n

\u201cIndian airlines will have a very busy 2024 on the international front, but we expect that the impact on financials may also be visible,\u201d\u00a0<\/strong>CAPA India stated in an earlier note.<\/p>\n

 <\/p>\n

Source: https:\/\/www.businessoutreach.in\/indian-aviation-event-by-airlines-and-planemakers\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Aviation News International – In an attempt to capitalise on a boom in the rapidly expanding aviation business with a stronger emphasis on international routes, Indian airlines and aircraft manufacturers Boeing and Airbus will unveil new orders this week and display huge planes. India is aiming to become a regional aviation hub that can compete …<\/p>\n","protected":false},"author":1,"featured_media":11813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[98,102],"tags":[],"class_list":["post-11814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-featured-en"],"yoast_head":"\nNew Orders to Be Announced at Indian Aviation Event by Airlines and Planemakers - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=11814\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Orders to Be Announced at Indian Aviation Event by Airlines and Planemakers\" \/>\n<meta property=\"og:description\" content=\"Aviation News International – In an attempt to capitalise on a boom in the rapidly expanding aviation business with a stronger emphasis on international routes, Indian airlines and aircraft manufacturers Boeing and Airbus will unveil new orders this week and display huge planes. 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