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Showing posts with label james cave aviation news. Show all posts

Wednesday, July 27, 2011

Special Guest Column on Indian Aviation Industry



Up Up and Away for India's Aviation Industry



                              picture source: http://www.morguefile.com/

What with ash clouds, lost luggage mountains and a recent crippling credit crunch, it hasn’t been the best time for the aviation industry as a whole. However, that doesn’t seem to apply everywhere.

Despite a general and often devastating economic downturn, it seems that at least one country’s aviation’s industry has remained unaffected. In fact, India’s aviation industry actually increased its domestic flight traffic and productivity by 19% in just one year! A quick look at the number of flights available on a given day to India shows that this trend is continuing to grow. 
(Source: Skyscanner.net)

Currently less than 2% of India’s vast population travel by plane meaning that there is huge potential for future growth. Predictions are for at least three decades worth of growth in the airline industry alone.

IndiGo is one of the major low cost airlines benefiting from the economic upturn in India. At only 5 years old, this is a major achievement and one that looks set to continue. It helps that they have a growing reputation for excellent customer service which is key, not to mention fares far cheaper than that of their competitors.

IndiGo have recently purchased 180 new aircrafts in a bid to capture the growing market for cheap air travel and are optimistic about their outlook. In one of the worst year for aviation, IndiGo saw a 46% growth in their business which is quite astonishing and as a result been given the go ahead to start flying international routes which means expanding their market, their customer base and ultimately, their profits.

India has a real spirit of entrepreneurship which possibly stems from the fact that new business start-ups in India often face many hurdles and red tape in order to get off the ground. A spokesman for the GMR Group that built the new Delhi airport terminal said that “India, as a country, has learned and become adept at overcoming obstacles”.

Despite these, IndiGo are confident that the opportunities for growth over the next few decades are there and are worth the challenges. Other countries may have the benefit of lower fuel taxes and less red tape, but they do not have the current advantage of India’s huge potential market, where there is real profit to be made.

Anyone looking for employment opportunities or somewhere to invest, they could do a lot worse that look to India.

About the Author-
James Cave represents Skyscanner Ltd, a premier organization based in United Kingdom, which provides instant comparison on flight prices for over 670,000 routes on over 600 airlines.


Disclaimer: The opinions expressed in this article are those of the author, and they do not reflect in any way those of the Dispassionate Observer.

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