ALL >> Business >> View Article
Indian Aviation Set To Soar With Foreign Airlines: Jaideep Mirchandani
Influx of Foreign Airlines in India Could Substantially Benefit Aviation Sector, Says Jaideep Mirchandani
The chairman of Sky One says the confidence global flag carriers are showing in India bodes well for the domestic aviation market.
India’s international and domestic aviation sectors are expected to receive a major boost in the coming months as several foreign airlines expand their networks in the country. According to news reports, Air Canada is set to increase seat capacity by 40 per cent starting this October, while Etihad Airways is launching services from Abu Dhabi to Jaipur, its 11th destination in India. Moreover, Sri Lankan Airlines, which operates 95 weekly flights from nine Indian cities, has announced plans to increase flight frequency from these cities and add new locations to its route network. Japan Airlines (JAL) has signed a codeshare partnership with Indigo, offering more travel options between the two countries to enhance connectivity.
Currently, India is the third-largest domestic aviation market in the world. Various studies predict that by 2024-25, the country will surpass the ...
... UK to become the third-largest air passenger market globally. Aviation experts view the extensive network expansion plans of foreign carriers as a testament to the growing confidence in the tremendous growth potential of India’s civil aviation sector. They also believe that this will catalyse further economic growth, spur infrastructure development and promote national development.
“Network extension will make air travel more accessible and affordable for passengers. It will enhance connectivity to newer destinations, provide substantial economic and social benefits by promoting tourism and trade activities. Further, by creating jobs and supporting remote communities, it will help the country meet the surge in demand, especially during peak seasons,” says Jaideep Mirchandani, chairman of aviation major Sky One.
He also highlighted that the proposed codesharing plans will strengthen domestic aviation in the country. “Codesharing will allow an airline to book its passengers on partner carriers, providing travel to destinations where it currently has no presence. It will help them offer more travel options for customers, enhance their service offerings, and open up new domestic and international networks and develop the socio-economic growth and spread across the country,” said Mr Mirchandani.
The domestic network expansion can also help strengthen the Government’s Regional Connectivity Scheme (RCS-UDAN), which is mainly aimed at making air travel accessible to isolated communities and promoting rural economic development. “Another key prospect lies in the growth of the Maintenance, Repair, and Overhaul (MRO) sector. In line with the aviation sector’s growth, it will provide strategic investors, original equipment manufacturers (OEMs) and leading global MRO players with more investment opportunities in the Indian MRO segment,” added Mr Mirchandani.
He also pointed out the need for policy decisions to make conditions favourable for both foreign and Indian airlines. For instance, the Directorate General of GST announced the imposition of GST on services provided by foreign airline headquarters to their Indian branches. The International Air Transport Association (IATA) has already opposed this move.
Mirchandani believes such steps could significantly increase operational costs for foreign airlines in India, and affect their expansion plans. He concluded with “I hope the regulatory authorities will take an appropriate decision in this regard, which will mutually benefit both Indian and foreign carriers.
Add Comment
Business Articles
1. Finding A Trusted Sustainability Consultant In Abu DhabiAuthor: Agile Advisors
2. Iso Certification In Dubai – Advantages For Business
Author: Agile Advisors
3. Best Forex Brokers List | Best Broker For Forex Trading 2024
Author: Top Forex Brokers Review
4. Celebrate Achievements With Customized, High-quality Awards From Trophy Deals
Author: Trophy Deals
5. Is 100% Company Ownership Possible For Expats In Saudi Arabia?
Author: jodonjo
6. We Are Hiring: Senior Executive - Indirect Taxation In Gurgaon!
Author: tanvir Khan
7. Ceratec Tower 1o8: The Eventual Fate Of Business Greatness In Balewadi, Pune
Author: Tarun
8. Enrofloxacin Manufacturer: Swisschemie
Author: Swisschemie
9. Ultimate Guide To Hotels In Mussoorie: Discover The Best Places To Stay, Including Hr Hotels And Resorts
Author: Hr Hotels and Resort
10. How Quickly Do Fast Cash Loans Online Pay Out Cash On The Same Day?
Author: Lucy Lloyd
11. Leading Digital Marketing Agency In Hyderabad And Unlock Your Brand’s Potential With Sanbrains Agency
Author: Sanbrains Seo
12. Celebrate Success With Customized Awards From Trophy Deals
Author: Trophy Deals
13. Title: Choosing The Right Humidity Stability Chamber Supplier For Your Manufacturing Needs
Author: bio gene
14. Complete Guide To Studying Mbbs In Poland
Author: Mbbs Blog
15. What Is The Process For Locating The Best Lender For Short Term Loans Online?
Author: Robert Miller