Indian Aviation Sector

Indian Aviation Sector Growth:

India is one of the fast-growing aviation sectors in the world right now. With a population of 1.3 billion people, domestic traffic expanded at a CAGR of 11.46% over FY06-17, while international passenger traffic registered growth at a CAGR of 8.33% over FY06-17. Freight traffic is expected to cross 11.4 million tonnes by 2032.

      

Currently, there are several airlines operating in India. Here, only major ones are mentioned.

(1) Air India:

Air India is owned by Government of India. Founded on 15 October, 1932 as Tata Airlines.

Fleet:

Airbus A319-100: 22

Airbus A320-200: 17

Airbus A320neo: 10

Airbus A321-200: 20

Boeing 747-400: 4

Boeing 777-200LR: 3

Boeing 777-300ER: 12

Boeing 787-8: 26

(2) Indigo Airlines:

Interglobe Enterprises is the parent company for Indigo and it was founded in 2005. It is a low-cost carrier.

Fleet:

Airbus A320-200: 116

Airbus A320neo: 27

ATR 72-600: 1

(3) Jet Airways:

Jet Airways was started on April 1, 1992 by Naresh Goyal.

Fleet:

Airbus A330-200: 7

Airbus A330-300: 4

ATR 72-500: 13

Boeing 737-700: 2

Boeing 737-800: 62

Boeing 737-900: 2

Boeing 737-900ER: 4

Boeing 777-300ER: 10

(4) Air Vistara:

Vistara is a joint venture between Tata Sons and Singapore Airlines and it commenced operations in 2015.

Fleet:

Airbus A320-200: 13

Airbus A320neo: 3

(5) Go Air:

Go Air commenced operations in 2005. It is a low-cost carrier.

Fleet:

Airbus A320-200: 19

Airbus A320neo: 12

(6) Spicejet Airlines:

Spicejet Airlines was started in 2005. It is a low-cost carrier.

Fleet:

Boeing 737-700: 2

Boeing 737-800: 28

Boeing 737-900ER: 4

Bombardier Dash 8 Q400: 21