Market Intelligence: Indian Subcontinent

IATA’s Director General Willie Walsh Shares Insights on the Aviation Industry’s Growth at 2024 Changi Aviation Summit

Willie Walsh, Director General of IATA, expressed satisfaction during the 2024 Changi Aviation Summit in Singapore, stating that the industry’s progress and recovery remained robust throughout 2023.

Walsh said the following in his speech:

  • In 2023, the industry reached just over 94% of its 2019 levels, with strong performance in domestic markets but lagging international markets.
  • The Asia-Pacific region performed slightly less than the global average, at 86% of 2019 levels, with domestic markets ahead but international travel lagging.
  • Over the next 20 years, the industry is estimated to grow at 3.3% annually, reflecting challenges such as infrastructure constraints, supply chain issues, labor shortages, and the transition to net zero emissions by 2050.
  • The Asia-Pacific region is expected to lead with a growth rate of around 4.5% per year.
  • Walsh compared the industry’s state in 1990 and 2019, noting significant shifts in market shares among regions, with Asia-Pacific experiencing substantial growth.
  • Chinese and Indian domestic markets have seen significant growth since 1990, highlighting future opportunities in these regions.
  • Walsh emphasized the need for change to unlock growth opportunities in Africa, where aviation remains underdeveloped.
  • The top 20 international route groups account for 95% of all international travel, with significant shifts observed before and after the pandemic, particularly in the Asia-Pacific region.

Source: IATA

Photo Credit: IATA

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New Indian Turboprop Operator FLY91 Receives Regulatory Nod for Commercial Operations

The Indian aviation regulator Directorate General of Civil Aviation (DGCA) has granted approval for the initiation of commercial operations for Goa-based airline FLY91. On March 6, 2024 the Ministry of Civil Aviation issued the Air Operator Certificate to FLY91, signifying the completion of all regulatory and compliance requirements necessary for the airline to commence its operations.

FLY91’s Managing Director and CEO, Manoj Chacko, described this development as a significant milestone and expressed anticipation for the commencement of ticket sales, leading to the launch of commercial operations in the near future.

On February 28, FLY91 received its inaugural aircraft, an ATR 72-600, which has undergone proving flights under DGCA supervision at Manohar International Airport.

The airline currently possesses two ATR-72 aircraft, with plans to acquire an additional four by September, 2024. Over the next five years, FLY91 intends to add six turboprops annually.

Source: Fly91
Photo Credit: Fly91

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New Zealand Flight School IAANZ Set to Conduct Exclusive Information Seminars in India

The International Aviation Academy of New Zealand (IAANZ), an Air New Zealand Preferred Flight Training Organisation, is set to conduct exclusive information seminars in India from March 15-17, 2024, providing a unique opportunity for individuals to kickstart their aviation careers.

The events will take place in:

  • Chennai on 15 March at Taj Coromandel
  • Bengaluru on 16 March at The Oberoi
  • Mumbai on 17 March at Taj Santacruz

Sessions at 10 am and 12 pm, with on-the-spot applications available.

Back in September 2023 International Aviation Academy of New Zealand (IAANZ) held flight training seminars in India with pilot training facilitator, Blue Angels Air including in:

  • September 1 – New Delhi
  • September 2 – Bengaluru
  • September 3 – Mumbai

Source: IAANZ
Photo Credit: IAANZ

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