123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Uae-based Pilot Training Institute’s Romanian Acquisition To Expand Horizon Of Aviation Education

Profile Picture
By Author: Sky one
Total Articles: 25
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The recent Paris Air Show buzzed with excitement as Airbus sealed a groundbreaking deal, announcing an order for 500 narrow body jets from IndiGo, India’s very own budget carrier. The air industry was thriving as Air India Ltd also embarked on a mission to acquire 540 aircraft from Boeing and Airbus. These extraordinary agreements come as no surprise, considering that India ranks third in the world for domestic air traffic, showcasing the nation’s emergence as a global aviation powerhouse. The surge in air travel is propelled by an aspirational middle class, fuelling the demand for flights across the country.

With projections of over 140 million passengers in FY2024 and an estimated 1.3 billion passengers annually within the next two decades, India’s domestic market continues to grow at an unprecedented pace. In fact, in a single month, domestic carriers transported over 13 million passengers, solidifying India’s position as the third-largest domestic market globally.

As the industry thrives, the expansion of Maintenance, Repair, and Overhaul (MRO) facilities has become a priority. Positive signs emerged ...
... when the Goods and Services Tax (GST) rate for MRO services was reduced from 18% to 5% in 2022, easing the financial burden. Furthermore, the finance ministry’s expansion of the Emergency Credit Line Guarantee Scheme (ECLGS) alleviated liquidity stress caused by the pandemic, demonstrating the government’s support for the aviation sector.

Despite the overall optimism, Indian aviation has weathered its fair share of challenges. The recent crisis faced by GoFirst highlights the formidable obstacles airlines encounter, including operational expenses, fuel costs, and intense competition. However, amidst these challenges, new players like Akasa Air have taken flight. Backed by the late Rakesh Jhunjhunwala, the low-cost airline expanded its fleet by ordering additional Boeing 737-8 aircraft, signalling confidence in India’s aviation market.

Total Views: 63Word Count: 289See All articles From Author

Add Comment

Business Articles

1. How Global Trade Finance Facilitates Cross-border Transactions And Reduces Risk
Author: Riddhi Divan

2. Innovative Uses Of Nickel In Cryogenic And Marine Environments
Author: Online fittings

3. Implementing Predictive Analytics In Your Abm Toolkit
Author: SalesMark Global

4. Comparing The Top 5 Live Commerce Platforms For 2024
Author: Amy Williams

5. Data-driven Precision Marketing For Effective Demand Generation
Author: SalesMark Global

6. Supercharge Your Sales With Optimized Pipeline Velocity
Author: SalesMark Global

7. Best Japan Tour Packages
Author: bharathi

8. Adani Group Stocks Down 20%; Gautam Adani Indicted In Us Over Bribery Charges
Author: Bizzbuzz

9. High-performance Ss Round Bars: Addressing The Energy Sector's Needs
Author: Neelkamal Alloys LLP

10. The Role Of Modern Washroom Solutions In Maintaining Cleanliness
Author: ritika krishna

11. Why Choose Premium Taxi Services In Kochi?
Author: maya

12. Black Magic Astrologer In Kasaragod
Author: Sripandith05

13. The Health Benefits Of Adding Pineapple To Your Pancakes
Author: maya

14. Top Luxury Resorts In Kerala For Your Dream Vacation
Author: maya

15. How To Start Your Shopping Website In Doha: A Simple Guide
Author: maya

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: