Aviation’s growth trajectory: The unprecedented gloom and doom caused by aircraft groundings in the wake of COVID-19 outbreak, created a huge roadblock for the global aviation sector to overcome. Three years after beating the pandemic blues, Indian carriers have recorded a sharp double-digit passenger growth. The cumulative domestic air passenger traffic for the first eight months of FY24 reached a total of 1,007 lakh, representing a YoY growth of 17 per cent and 5 per cent higher than the pre-Covid levels.
India’s projection to become the global aviation leader by 2030, has instilled confidence in airlines, which have placed confirmed orders for 1,500 new aircraft. Besides, a two-fold increase in greenfield airports across the country during the last nine years, driven by increased usage of Sustainable Alternate Fuel (SAF) by airlines is a testimony to the country’s net-zero emission goal. Will regulatory mechanisms, and other industry factors positively influence India’s…
