India a key aviation market; demand for air transport must be robust

India’s aviation sector is on the road to recovery after being hit by the coronavirus pandemic. Airlines are also bolstering their employees and expanding their routes to meet growing travel demand.

Prime Minister Narendra Modi also described daily domestic air passenger numbers approaching pre-pandemic levels as a “big sign” and said the focus was on improving connectivity across India.

On October 9, the daily number of domestic air passengers touched 4 lakh, approaching the pre-Covid level.

India will likely have 40 cr air travelers by 2027

Union Civil Aviation Minister Jyotiraditya Scindia previously said that the country’s civil aviation sector is poised to experience phenomenal growth in terms of passengers, aircraft and airport. India is expected to have 40 million air travellers, including domestic and international, by 2027, he said.

In an online briefing today, IATA Regional Vice President for Asia-Pacific Philip Goh said the Indian market is a “very important market and is already a massive contributor to some parts of the world”.

“I can see many airlines starting up, resuming or expanding their network to India. Certainly, a key market (India) for the region and the rest of the world,” he added.

He thinks the Indian market is huge and demand should be quite robust until the economics of flying in and out of India change drastically.

“India as a market has unique factors like very high fuel prices because of taxes…but we expect India to be robust in terms of demand,” he noted. .

The International Air Transport Association (IATA) represents about 290 airlines worldwide, including those from India.

Earlier on Monday, Scindia said the civil aviation sector was on course for full recovery. “…Indian civil aviation not only hit the 4,000 passenger per day mark but also hit the highest number ever since the pre-Covid 19 era! Well done,” he said. tweeted.

Alongside Scindia’s tweet, Prime Minister Modi on Tuesday tweeted saying, “Good sign. Our aim is to further improve connectivity across India which is important for ‘ease of living’ and the economic progress”.

Amid India’s domestic air passenger traffic approaching pre-Covid levels, global airline group IATA said on Tuesday the country was a key aviation market for the Asia-Pacific region as well than for the rest of the world and would likely experience strong demand for air travel. .

India’s aviation sector is on the road to recovery after being hit by the coronavirus pandemic. Airlines are also bolstering their employees and expanding their routes to meet growing travel demand.

Prime Minister Narendra Modi also described daily domestic air passenger numbers approaching pre-pandemic levels as a “big sign” and said the focus was on improving connectivity across India.

On October 9, the daily number of domestic air passengers touched 4 lakh, approaching the pre-Covid level.

India will likely have 40 cr air travelers by 2027

Union Civil Aviation Minister Jyotiraditya Scindia previously said that the country’s civil aviation sector is poised to experience phenomenal growth in terms of passengers, aircraft and airport. India is expected to have 40 million air travellers, including domestic and international, by 2027, he said.

In an online briefing today, IATA Regional Vice President for Asia-Pacific Philip Goh said the Indian market is a “very important market and is already a massive contributor to some parts of the world”.

“I can see many airlines starting up, resuming or expanding their network to India. Certainly, a key market (India) for the region and the rest of the world,” he said.

According to him, the Indian market is huge and the demand should be quite robust as long as the economy of flights within and outside India does not change drastically.

“India as a market has unique factors like very high fuel prices because of taxes…but we expect India to be robust in terms of demand,” he added. .

The International Air Transport Association (IATA) represents about 290 airlines worldwide, including those from India.

On Monday, Scindia said the civil aviation sector was on course for full recovery. “…Indian civil aviation has not only hit the 4,000 passenger per day mark, but has also reached the highest number ever recorded since the pre-Covid 19 era! Well done,” he said. tweeted.

Alongside Scindia’s tweet, Modi on Tuesday tweeted, saying, “Good sign. Our aim is to further improve connectivity across India, which is important for ‘ease of living’ and economic progress.” .

Meanwhile, ratings agency Icra said on Tuesday that the country’s domestic air traffic would have hit about 1.03 crore in September, higher than the 1.01 crore recorded in August.

Last month’s figure is around 46% higher than domestic passenger traffic in September 2021, but around 10% lower than pre-COVID levels, i.e. September 2019, according to the rating agency.

Regarding the overall aviation market in the Asia-Pacific region, IATA’s Philip Goh said momentum is strong even though there is an impact from restrictions in China.

There are economic headwinds for airlines with a tight labor market and high jet fuel prices. Additionally, geopolitical issues and inflation are impacting traveler confidence and demand, he added.

With the contributions of the agency