Market Intelligence: Indian Subcontinent

Global Aircraft Manufacturer, Boeing, Releases Commercial Market Outlook for 2024–2043

Global aircraft manufacturer Boeing released the following latest Commercial Market Outlook 2024-2043.

Boeing’s latest Commercial Market Outlook projects a robust demand for 43,975 new airplanes over the next 20 years, reflecting a 3% increase in deliveries compared to the previous year’s forecast. The report highlights the significant growth driven by emerging markets and a strong demand for single-aisle aircraft.

  • Boeing anticipates a 3% increase in airplane deliveries by 2043, with a total of 43,975 new units expected.
  • Much of the growth is attributed to emerging markets and the rising demand for single-aisle airplanes.
  • The global passenger and freighter fleet is expected to nearly double over the next two decades.

“As commercial aviation enters the second half of 2024, passenger and air cargo traffic are surpassing 2019 levels, highlighting the industry’s resilience over the last several decades. In the long-term, both market segments are forecast to continue to outpace economic growth. Consumers are prioritizing travel in an increasingly connected world, aviation development is accelerating in emerging markets, and supply chain and e-commerce growth are supporting air cargo demand.

Like air traffic, airlines have also shown resilience. The global airline network is back to 2019 levels and has adapted to new market trends. Route competition remains high. Plus, airlines are managing fleets and boosting productivity to remain profitable in a dynamic global environment.

The 2024 Commercial Market Outlook’s fleet and delivery forecasts remain steady as industry dynamics are largely playing out along the path Boeing anticipated in 2020. There is pent-up demand to replace ageing fleets where retirements have been delayed. Innovation and emerging markets are once again driving fleet growth. Also, a focus on sustainability across the industry is improving efficiency in all facets of airline operations.”

Contact us to receive a copy of the Boeing Commercial Market Outlook 2024-2043.

Source: Boeing
Photo Credit: Boeing

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Piper Aircraft 2024 YTD Performance Up – On Track for Record, Full Year Deliveries Approaching 300 Aircraft

United States headquartered training aircraft manufacturer Piper Aircraft sustained solid new aircraft deliveries and revenue performance throughout the first half of 2024. Reflecting a strong global demand, Piper is on track to deliver approximately 300 aircraft this year, a 22% increase from the previous year.

Deliveries in the first half of 2024 increased by 16% compared to the same period in 2023. Despite a marginal dip in Q1 2024, attributable to the launch and late Q1 FAA certification of Piper’s new flagship M700 FURY, the second quarter saw deliveries rise by 30% and revenue by nearly 9%.

Among the approximately 300 aircraft scheduled for this year, Piper is set to deliver nearly 50 of its new M700 FURY aircraft, with international validations and certifications expected to further boost deliveries in the second half of the year.

“Our trainer and M-Class markets remain robust and we are pleased with our delivery performance this year and the positive reception from our customers with the launch of the M700 FURY,” said Ron Gunnarson, VP of Marketing, Sales & Customer Support at Piper Aircraft. “Our dealer and factory team’s dedication to excellence and our focus on customer satisfaction have been key drivers of our success.”

As Piper Aircraft continues to expand its operations and product offerings, it remains committed to delivering exceptional value and performance to its customers worldwide.

About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fl., offers aviators throughout the world efficient and reliable single and twin-engine aircraft and is the first general aviation aircraft manufacturer in the world to certify Garmin® Emergency Autoland. The single-engine M-Class series – the M700 FURY, M500, and M350 – offers businesses and individuals elegant performance, value and a superior ownership experience. The Personal Class Archer LX and Archer DLX balance proven performance, efficiency, and simplicity in a piston-powered aircraft. The Trainer Class Pilot 100i, Archer TX, Archer DX, and Seminole aircraft form the most complete technically advanced line of pilot training aircraft in the world. Piper is a member of the General Aviation Manufacturers Association. To learn more about Piper Aircraft, visit the company’s website at www.piper.com.

About the Piper M700 FURY
The Piper M700 FURY™ certified in March of 2024 and comes standard with the HALO Safety System, featuring Garmin Emergency Autoland. This revolutionary system includes digital technology that safely lands the aircraft at the nearest 2 suitable airport in the event that the pilot is incapacitated. Additionally, the M700 FURY G3000® avionics suite includes; Autothrottle, Emergency Descent Mode, Electronic Stability Protection (ESP™), SurfaceWatch™, SafeTaxi®, and Garmin PlaneSync™, all of which are designed to enhance safe operation of the aircraft. Beyond the flight deck, the six-seat M700 FURY is powered by a Pratt & Whitney PT6A-52 700 SHP engine. The aircraft has a maximum cruise speed of 301ktas/557 km/hr, a max range of 1852 nm/3,430 km, and a standard useful load of 2,320 lbs/1,052 kg.

Source: Piper Aircraft
Photo Credit: Piper Aircraft

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Indian Flight Training Group, Chimes Aviation Academy, Celebrates 1st Anniversary at Neemuch Airbase

Chimes Aviation Academy (CAA), which operates two flight training bases in India, has celebrated in July 2024 the first anniversary of flight training at the Neemuch airbase (its second training base). In March this year CAA celebrated its 16th anniversary. During this time it has achieved:

  • 135,500+ hours of flying
  • 600+ Commercial Pilot License holders graduated
  • 1,550+ license conversions and recurrencies completed
  • Grown its fleet to over 20 aircraft across two bases

CAA expanded to Neemuch in 2023 and achieved a number of other milestones:

CAA is one of the largest private flight training organisations in India and offers a comprehensive curriculum from which cadets can choose multifaceted aviation training courses such as Commercial Pilots License (CPL), Cadet Pilot Program (CPP), Chimes Flying Program (CFP), Private Pilot License (PPL) as well as license endorsements.

Source: Chimes Aviation Academy

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Digital Platform Aviationfly Seeking to Expand Support for Aspiring Pilots in India

Global digital platform Aviationfly which supports aspiring pilots on starting their pilot training with a flight school has expanded its support for aspiring pilots in the Philippines through sharing a How to become a pilot in India guide. In this guide Aviationfly answers how and where flight training can be done including the avialable flight training options, the basic requirements, training stages, career options and frequently asked questions for becoming a pilot.

About Aviationfly
Aviationfly is a digital platform which works with Flight Schools to connect them to a larger global audience of aspiring pilots – receiving over 90,000 website visits per month and having a database of over 60,000 aspiring pilots. 

Source: Aviationfly

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India’s Flag Carrier Air India Seeking Chief Manager – Maintenance for New Flight Academy

Amravati, India – Tata Group-owned Indian flag carrier Air India, which announced plans in July 2024 to establish a flight training organisation at Belora Airport in Amravati, Maharashtra, is now actively searching for a Chief Manager – Maintenance to join its team.

The Academy aims to train 180 commercial pilots annually and will be the largest such flight training organisations in South Asia, planning to become operational from the first quarter of the next financial year. It will operate 31 single-engine aircraft and three twin-engine aircraft for training purposes.

Please see extracts of the job post below:

  • Develop and implement a maintenance program under Air India’s Car 145 for the FTO fleet, ensure compliance with all regulatory requirements, airline and industry best practices
  • Develop and maintain a comprehensive maintenance program for all aircrafts and flight training devices, ensure maintenance and inspections, and tracking of maintenance records
  • Develop and implement a stocking system and an ERP for optimal maintenance
  • Sync with airline maintenance standards to improve operational efficiency
  • Monitor the performance of the aircraft and equipment to identify potential issues and take corrective action as necessary
  • Investigate and report on incidents and accidents related to aircraft maintenance and operation
  • Implement policies and training to maintenance personnel on best practices for aircraft maintenance and safety
  • Maintain accurate and up-to-date records of aircraft maintenance, inspections, and repairs

Please note this position is only open for Indian nationals.

To learn more about the role and to apply please go here.

Source: Air India

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