India's aviation industry is growing rapidly. Passenger traffic in India grew at a CAGR of 12.72% from FY06-FY18 to reach 308.75 million passengers in FY18. Domestic passenger traffic grew at a CAGR of 13.91% over the same period. By 2020, passenger traffic is expected to reach 421 million. India is set to become the third largest aviation market globally by 2024 in terms of passengers. Factors such as rising incomes, expanding middle class and low cost carriers are driving growth in the Indian aviation sector.
The document provides an overview of the aviation industry in India. Some key points:
- India's aviation market is growing rapidly and is projected to become the third largest by 2024, surpassing the UK.
- Passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 308.75 million in 2017-18. During April 2018-February 2019, air passenger traffic stood at 316.51 million.
- Travel and tourism is contributing increasingly to India's GDP, rising to US$ 247.30 billion in 2018 from US$ 234.03 billion in 2017, and is forecasted to reach US$ 492.21 billion by 2028. Business and leisure travel are major
- India's aviation market is growing rapidly and is projected to become the third largest in the world by 2024. Air passenger traffic in India grew at a CAGR of 12.72% between FY06-18 to reach 308.75 million.
- Freight traffic also increased over the same period, with domestic freight growing at a CAGR of 7.96% and international freight at 7.30%. Total freight traffic reached 3.36 million tonnes in FY18.
- Contribution of travel and tourism to India's GDP is expected to increase from US$234 billion in 2017 to US$492 billion by 2028, driven by growth in both business and leisure travel.
- India's aviation market is growing rapidly and is expected to become the third largest in the world by 2024. Passenger traffic in India grew at a CAGR of 12.72% between FY06-FY18 to reach 308.75 million passengers in FY18. Domestic passenger traffic grew at a CAGR of 13.91% during this period while international passenger traffic grew at 9.36%.
- Major airports in India like Delhi and Mumbai saw significant growth in passenger traffic between FY16-FY18. Freight traffic in India also increased at a CAGR of 7.56% between FY06-FY18 to reach 3.36 million metric tonnes.
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The document provides an overview of the aviation industry in India. Some key points:
- India's aviation market is growing rapidly and is expected to become the third largest by 2020 with passenger traffic reaching 421 million by 2020.
- The contribution of travel and tourism to India's GDP is expected to increase from US$234 billion in 2017 to US$251.64 billion in 2018 and further to US$492.21 billion by 2028.
- Business and leisure travel spending is also forecast to rise significantly over the next decade, boosting the overall growth of the aviation industry.
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the third largest aviation market globally by 2020 with passenger traffic expected to reach 421 million by 2020, up from 308.75 million in 2017-18.
- The contribution of travel and tourism to India's GDP is expected to increase from US$234 billion in 2017 to US$251 billion in 2018 and further to US$492 billion by 2028, driven by growth in business and leisure travel.
- Major trends in the industry include rising air passenger and freight traffic, increasing number of airports and aircraft movement. Between FY06-18, passenger traffic grew at a CAGR of
- India's aviation market is growing rapidly and is expected to become the third largest by 2020 and largest by 2030.
- Air passenger traffic in India grew at a CAGR of 12.72% from 2006-2018 reaching 308.75 million passengers in 2018.
- Major growth drivers include rising incomes, expansion of airports and airlines, and low cost carriers capturing more market share.
- The government has implemented policies to encourage private sector participation and investment in the aviation industry.
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Business and leisure travel are expected to drive this growth.
- Freight traffic is also expected to increase as India's trade with other countries grows. Total freight traffic is projected to reach 4.14 million tonnes by 2023, growing
- India's aviation market is set to become the 3rd largest by 2020 and is expected to be the largest by 2030. Passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Travel and tourism industry is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Business and leisure travel are expected to drive growth.
- Freight traffic in India grew at a CAGR of 6.8% during 2006-2016 and is poised for further growth. Total freight traffic is expected to touch 4.14 million tonnes by 2023 exhibiting a C
The document provides an overview of the aviation industry in India. Some key points:
- India's aviation market is growing rapidly and is projected to become the third largest by 2024, surpassing the UK.
- Passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 308.75 million in 2017-18. During April 2018-February 2019, air passenger traffic stood at 316.51 million.
- Travel and tourism is contributing increasingly to India's GDP, rising to US$ 247.30 billion in 2018 from US$ 234.03 billion in 2017, and is forecasted to reach US$ 492.21 billion by 2028. Business and leisure travel are major
- India's aviation market is growing rapidly and is projected to become the third largest in the world by 2024. Air passenger traffic in India grew at a CAGR of 12.72% between FY06-18 to reach 308.75 million.
- Freight traffic also increased over the same period, with domestic freight growing at a CAGR of 7.96% and international freight at 7.30%. Total freight traffic reached 3.36 million tonnes in FY18.
- Contribution of travel and tourism to India's GDP is expected to increase from US$234 billion in 2017 to US$492 billion by 2028, driven by growth in both business and leisure travel.
- India's aviation market is growing rapidly and is expected to become the third largest in the world by 2024. Passenger traffic in India grew at a CAGR of 12.72% between FY06-FY18 to reach 308.75 million passengers in FY18. Domestic passenger traffic grew at a CAGR of 13.91% during this period while international passenger traffic grew at 9.36%.
- Major airports in India like Delhi and Mumbai saw significant growth in passenger traffic between FY16-FY18. Freight traffic in India also increased at a CAGR of 7.56% between FY06-FY18 to reach 3.36 million metric tonnes.
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The document provides an overview of the aviation industry in India. Some key points:
- India's aviation market is growing rapidly and is expected to become the third largest by 2020 with passenger traffic reaching 421 million by 2020.
- The contribution of travel and tourism to India's GDP is expected to increase from US$234 billion in 2017 to US$251.64 billion in 2018 and further to US$492.21 billion by 2028.
- Business and leisure travel spending is also forecast to rise significantly over the next decade, boosting the overall growth of the aviation industry.
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the third largest aviation market globally by 2020 with passenger traffic expected to reach 421 million by 2020, up from 308.75 million in 2017-18.
- The contribution of travel and tourism to India's GDP is expected to increase from US$234 billion in 2017 to US$251 billion in 2018 and further to US$492 billion by 2028, driven by growth in business and leisure travel.
- Major trends in the industry include rising air passenger and freight traffic, increasing number of airports and aircraft movement. Between FY06-18, passenger traffic grew at a CAGR of
- India's aviation market is growing rapidly and is expected to become the third largest by 2020 and largest by 2030.
- Air passenger traffic in India grew at a CAGR of 12.72% from 2006-2018 reaching 308.75 million passengers in 2018.
- Major growth drivers include rising incomes, expansion of airports and airlines, and low cost carriers capturing more market share.
- The government has implemented policies to encourage private sector participation and investment in the aviation industry.
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Business and leisure travel are expected to drive this growth.
- Freight traffic is also expected to increase as India's trade with other countries grows. Total freight traffic is projected to reach 4.14 million tonnes by 2023, growing
- India's aviation market is set to become the 3rd largest by 2020 and is expected to be the largest by 2030. Passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Travel and tourism industry is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Business and leisure travel are expected to drive growth.
- Freight traffic in India grew at a CAGR of 6.8% during 2006-2016 and is poised for further growth. Total freight traffic is expected to touch 4.14 million tonnes by 2023 exhibiting a C
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Spending on business and leisure travel is also expected to see strong growth.
- Major players in the aviation industry include Indigo, Jet Airways, Air India, SpiceJet and GoAir, which together account for over 80% of the domestic
- India's aviation market is set to become the 3rd largest in the world by 2020 and is expected to be the largest by 2030.
- Passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Freight traffic is also expected to grow as trade with the rest of the world increases. Total freight traffic is projected to reach 4.14 million tonnes by 2023.
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry in India is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Spending on business and leisure travel is also expected to see significant increases.
- Factors like rising incomes, a growing middle class, government initiatives to increase the number of airports, and growth in international trade are driving
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry in India is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Spending on business and leisure travel is also expected to see strong growth.
- Factors like rising incomes, a growing middle class, government initiatives to increase the number of airports, and an increase in trade and freight
- Passenger traffic at Indian airports has grown significantly over the past decade and is expected to reach 421 million by 2020. The six major airports in India saw passenger traffic increase between 11-23% in the last fiscal year.
- India has 464 airports and airstrips, of which 125 are owned and managed by the Airports Authority of India. The six largest airports by passenger traffic are located in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.
- Domestic passenger traffic has expanded at a 12.73% CAGR between 2006-2016, reaching 168.89 million in 2016. International passenger traffic grew at a 9.36% CAG
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Total freight traffic grew at a CAGR of 7.08% between FY06-17, with domestic freight increasing at 7.95% and international freight at 6.58%.
- Major airlines operating in the country are IndiGo, Jet Airways, Air India, SpiceJet, GoAir and Jetlite, which account for over 80% of the passenger market.
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the 3rd largest aviation market.
- The number of operational airports in India is projected to grow from 44 in FY2015 to 95 by FY2020 to accommodate rising demand from the expanding middle class and growing business sector.
- Six major airlines operate in India, with Indigo having the largest market share of 39.9% as of March 2017, while Jet Airways, SpiceJet, Air India, GoAir and Jetlite make up the rest of the top carriers.
Total aircraft movement in India has grown at a CAGR of 6.5% between FY06-16. In FY16, total aircraft movement stood at 7.24 million. Domestic aircraft movement grew at a CAGR of 7.2% during the same period. In FY16, domestic aircraft movement was at 6.15 million. International aircraft movement grew at a CAGR of 4.6% between FY06-16. In FY16, international aircraft movement was at 1.09 million. Growth in aircraft movement is expected to continue on the back of rising passenger and freight traffic in India.
The document discusses the Indian aviation industry. It notes that the Indian domestic aviation market is one of the fastest growing in the world. It provides details on aviation infrastructure in India like the number of airports and major carriers' fleet sizes. It also examines factors driving demand on the demand side like rapid urbanization, rising incomes, and increased tourism. The supply side is impacted by COVID-19 with reduced traffic and capacity utilization. Regulatory bodies that oversee the industry are also outlined.
- India has seen strong growth in its aviation sector over the past decade, with the number of operational airports increasing from 50 to 95 between 2000-2016.
- Six major airlines operate in India, with Indigo having the largest market share of 38.6% as of May 2016.
- The six busiest airports by passenger traffic in FY2016 were Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.
- Total passenger traffic grew 17.6% in FY2016 to reach 223.6 million, with domestic traffic expanding at a faster rate than international traffic.
Soaring opportunities in aviation sector 14-07-2017 - Arvind Singh
The document discusses opportunities in Gujarat's aviation sector. It summarizes the strong growth of India's aviation industry over the past decade and notes that Gujarat's aviation sector has grown faster than the national average. Several memorandums of understanding have been signed to develop regional air connectivity, aviation training, seaplane and helicopter operations in Gujarat, with expected investments totaling over Rs. 1,340 crore and creating over 2,050 jobs. The document outlines sector-specific opportunities in Gujarat such as airport development, aviation parks, and maintenance, repair and overhaul facilities.
The document provides information on the Indian airport sector. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- The travel and tourism industry is forecast to grow at a CAGR of 6.75% to USD280.51 billion by 2026 from USD146.02 billion in 2016.
- India had 464 airports and airstrips as of 2016, of which 125 airports are owned and managed by the Airports Authority of India (AAI). The six major airports by passenger traffic are Delhi, Mumbai, Bengaluru, Chennai, Hyderabad
The document provides information on the Indian airport sector. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- The travel and tourism industry is forecast to grow at a CAGR of 6.75% to USD280.51 billion by 2026 from USD146.02 billion in 2016.
- India had 464 airports and airstrips as of 2016, of which 125 airports are owned and managed by the Airports Authority of India (AAI). The six major airports by passenger traffic are Delhi, Mumbai, Bengaluru, Chennai, Hyderabad
The document discusses trends in India's aviation industry and airport sector. It notes that passenger traffic at Indian airports is expected to increase significantly by 2020 and 2030, positioning India as the third largest aviation market globally. The middle class population is also projected to rise markedly in India. The aviation sector has seen major growth in recent years and increased investments are being made in airports through public-private partnerships. The six largest airports in India are also highlighted in terms of passenger traffic handled.
India's aviation industry is growing rapidly. Air passenger traffic in India reached 308.75 million in FY18 and is projected to reach 421 million by 2020. The contribution of travel and tourism to India's GDP is expected to increase from $234 billion in 2017 to $251.64 billion in 2018 and $492.21 billion by 2028, driven by growth in business and leisure travel. Investments of $5.99-6.41 billion are planned for airport infrastructure from FY18-FY23. India is on track to become the third largest aviation market globally by 2024.
- India's aviation market is set to become the 3rd largest by 2020 with passenger traffic expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Travel and tourism is forecast to contribute $423.7 billion to GDP by 2026, growing at a CAGR of 6.66% from $100 billion in 2017.
- Business and leisure travel are expected to drive growth, with spending on business travel projected to rise to $39.88 billion in 2026 from $10.26 billion in 2017.
The document provides an overview of the Indian airports sector. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- Total investments of USD 12.1 billion are planned for the airport sector during 2012-2017, with private investments accounting for USD 9.3 billion.
- As of 2016, India had 125 airports managed by the Airports Authority of India and 339 non-AAI airports and airstrips. The six major airports are Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata.
The document provides an overview of the automotive industry in India. Some key points:
- Automobile production in India is expected to significantly increase between 2017-2020, with passenger vehicle production projected to nearly triple and two-wheeler production to rise from 19.9 million to 34 million.
- Domestic sales of various automotive segments are also projected see strong growth rates between 2017-2026, with passenger vehicles expected to grow at a CAGR of 13.36% and two-wheelers at 8.9%.
- India has grown to become a major global automotive producer, becoming the world's 6th largest manufacturer and Asia's 2nd largest two-wheeler manufacturer.
India is poised to become one of the largest aviation markets in the world by 2030. Passenger traffic in India is expected to grow significantly by 2020, with demand for over 1,600 new aircraft. Factors such as low-cost carriers, investments in airports and regional connectivity are driving growth in the aviation industry. However, the government will need to implement efficient policies to develop the aviation sector and make India a global aviation hub.
This document provides an overview of the automobiles industry in India. It discusses key trends such as growing production and demand across segments like passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers. Production of automobiles has increased at a CAGR of 9.4% between FY06-16, with passenger vehicles growing the fastest at a CAGR of 10.09%. Domestic sales are also expected to increase significantly across segments by 2026. The industry has witnessed strong growth in revenues and exports in recent years.
- India's aviation market is growing rapidly and is projected to become the third largest globally by 2024.
- Air passenger traffic in India reached 308.75 million in FY18 and stood at 316.51 million during April 2018-February 2019. It is projected to reach 421 million by 2020.
- The contribution of travel and tourism to India's GDP increased from $234.03 billion in 2017 to $247.30 billion in 2018 and is forecasted to reach $492.21 billion by 2028, boosted by growth in business and leisure travel.
The document provides an overview of the airport sector in India. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- The travel and tourism industry is forecast to grow at a CAGR of 6.75% from 2016-2026, contributing USD280.51 billion to GDP.
- Six major airlines operate in India, with Indigo having the largest market share of 38.6%. The six biggest airports by passenger traffic are Bengaluru, Mumbai, Chennai, Delhi, Kolkata, and Hyderabad.
- Freight traffic grew at a
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Spending on business and leisure travel is also expected to see strong growth.
- Major players in the aviation industry include Indigo, Jet Airways, Air India, SpiceJet and GoAir, which together account for over 80% of the domestic
- India's aviation market is set to become the 3rd largest in the world by 2020 and is expected to be the largest by 2030.
- Passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Freight traffic is also expected to grow as trade with the rest of the world increases. Total freight traffic is projected to reach 4.14 million tonnes by 2023.
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry in India is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Spending on business and leisure travel is also expected to see significant increases.
- Factors like rising incomes, a growing middle class, government initiatives to increase the number of airports, and growth in international trade are driving
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- The travel and tourism industry in India is forecast to grow at a CAGR of 6.66% to $423.7 billion by 2026 from $100 billion in 2017. Spending on business and leisure travel is also expected to see strong growth.
- Factors like rising incomes, a growing middle class, government initiatives to increase the number of airports, and an increase in trade and freight
- Passenger traffic at Indian airports has grown significantly over the past decade and is expected to reach 421 million by 2020. The six major airports in India saw passenger traffic increase between 11-23% in the last fiscal year.
- India has 464 airports and airstrips, of which 125 are owned and managed by the Airports Authority of India. The six largest airports by passenger traffic are located in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.
- Domestic passenger traffic has expanded at a 12.73% CAGR between 2006-2016, reaching 168.89 million in 2016. International passenger traffic grew at a 9.36% CAG
The document provides an overview of the aviation industry in India. Some key points:
- India is set to become the 3rd largest aviation market in the world by 2020 and passenger traffic at Indian airports is expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Total freight traffic grew at a CAGR of 7.08% between FY06-17, with domestic freight increasing at 7.95% and international freight at 6.58%.
- Major airlines operating in the country are IndiGo, Jet Airways, Air India, SpiceJet, GoAir and Jetlite, which account for over 80% of the passenger market.
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the 3rd largest aviation market.
- The number of operational airports in India is projected to grow from 44 in FY2015 to 95 by FY2020 to accommodate rising demand from the expanding middle class and growing business sector.
- Six major airlines operate in India, with Indigo having the largest market share of 39.9% as of March 2017, while Jet Airways, SpiceJet, Air India, GoAir and Jetlite make up the rest of the top carriers.
Total aircraft movement in India has grown at a CAGR of 6.5% between FY06-16. In FY16, total aircraft movement stood at 7.24 million. Domestic aircraft movement grew at a CAGR of 7.2% during the same period. In FY16, domestic aircraft movement was at 6.15 million. International aircraft movement grew at a CAGR of 4.6% between FY06-16. In FY16, international aircraft movement was at 1.09 million. Growth in aircraft movement is expected to continue on the back of rising passenger and freight traffic in India.
The document discusses the Indian aviation industry. It notes that the Indian domestic aviation market is one of the fastest growing in the world. It provides details on aviation infrastructure in India like the number of airports and major carriers' fleet sizes. It also examines factors driving demand on the demand side like rapid urbanization, rising incomes, and increased tourism. The supply side is impacted by COVID-19 with reduced traffic and capacity utilization. Regulatory bodies that oversee the industry are also outlined.
- India has seen strong growth in its aviation sector over the past decade, with the number of operational airports increasing from 50 to 95 between 2000-2016.
- Six major airlines operate in India, with Indigo having the largest market share of 38.6% as of May 2016.
- The six busiest airports by passenger traffic in FY2016 were Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.
- Total passenger traffic grew 17.6% in FY2016 to reach 223.6 million, with domestic traffic expanding at a faster rate than international traffic.
Soaring opportunities in aviation sector 14-07-2017 - Arvind Singh
The document discusses opportunities in Gujarat's aviation sector. It summarizes the strong growth of India's aviation industry over the past decade and notes that Gujarat's aviation sector has grown faster than the national average. Several memorandums of understanding have been signed to develop regional air connectivity, aviation training, seaplane and helicopter operations in Gujarat, with expected investments totaling over Rs. 1,340 crore and creating over 2,050 jobs. The document outlines sector-specific opportunities in Gujarat such as airport development, aviation parks, and maintenance, repair and overhaul facilities.
The document provides information on the Indian airport sector. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- The travel and tourism industry is forecast to grow at a CAGR of 6.75% to USD280.51 billion by 2026 from USD146.02 billion in 2016.
- India had 464 airports and airstrips as of 2016, of which 125 airports are owned and managed by the Airports Authority of India (AAI). The six major airports by passenger traffic are Delhi, Mumbai, Bengaluru, Chennai, Hyderabad
The document provides information on the Indian airport sector. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- The travel and tourism industry is forecast to grow at a CAGR of 6.75% to USD280.51 billion by 2026 from USD146.02 billion in 2016.
- India had 464 airports and airstrips as of 2016, of which 125 airports are owned and managed by the Airports Authority of India (AAI). The six major airports by passenger traffic are Delhi, Mumbai, Bengaluru, Chennai, Hyderabad
The document discusses trends in India's aviation industry and airport sector. It notes that passenger traffic at Indian airports is expected to increase significantly by 2020 and 2030, positioning India as the third largest aviation market globally. The middle class population is also projected to rise markedly in India. The aviation sector has seen major growth in recent years and increased investments are being made in airports through public-private partnerships. The six largest airports in India are also highlighted in terms of passenger traffic handled.
India's aviation industry is growing rapidly. Air passenger traffic in India reached 308.75 million in FY18 and is projected to reach 421 million by 2020. The contribution of travel and tourism to India's GDP is expected to increase from $234 billion in 2017 to $251.64 billion in 2018 and $492.21 billion by 2028, driven by growth in business and leisure travel. Investments of $5.99-6.41 billion are planned for airport infrastructure from FY18-FY23. India is on track to become the third largest aviation market globally by 2024.
- India's aviation market is set to become the 3rd largest by 2020 with passenger traffic expected to increase to 421 million by 2020 from 264.99 million in 2016-17.
- Travel and tourism is forecast to contribute $423.7 billion to GDP by 2026, growing at a CAGR of 6.66% from $100 billion in 2017.
- Business and leisure travel are expected to drive growth, with spending on business travel projected to rise to $39.88 billion in 2026 from $10.26 billion in 2017.
The document provides an overview of the Indian airports sector. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- Total investments of USD 12.1 billion are planned for the airport sector during 2012-2017, with private investments accounting for USD 9.3 billion.
- As of 2016, India had 125 airports managed by the Airports Authority of India and 339 non-AAI airports and airstrips. The six major airports are Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata.
The document provides an overview of the automotive industry in India. Some key points:
- Automobile production in India is expected to significantly increase between 2017-2020, with passenger vehicle production projected to nearly triple and two-wheeler production to rise from 19.9 million to 34 million.
- Domestic sales of various automotive segments are also projected see strong growth rates between 2017-2026, with passenger vehicles expected to grow at a CAGR of 13.36% and two-wheelers at 8.9%.
- India has grown to become a major global automotive producer, becoming the world's 6th largest manufacturer and Asia's 2nd largest two-wheeler manufacturer.
India is poised to become one of the largest aviation markets in the world by 2030. Passenger traffic in India is expected to grow significantly by 2020, with demand for over 1,600 new aircraft. Factors such as low-cost carriers, investments in airports and regional connectivity are driving growth in the aviation industry. However, the government will need to implement efficient policies to develop the aviation sector and make India a global aviation hub.
This document provides an overview of the automobiles industry in India. It discusses key trends such as growing production and demand across segments like passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers. Production of automobiles has increased at a CAGR of 9.4% between FY06-16, with passenger vehicles growing the fastest at a CAGR of 10.09%. Domestic sales are also expected to increase significantly across segments by 2026. The industry has witnessed strong growth in revenues and exports in recent years.
- India's aviation market is growing rapidly and is projected to become the third largest globally by 2024.
- Air passenger traffic in India reached 308.75 million in FY18 and stood at 316.51 million during April 2018-February 2019. It is projected to reach 421 million by 2020.
- The contribution of travel and tourism to India's GDP increased from $234.03 billion in 2017 to $247.30 billion in 2018 and is forecasted to reach $492.21 billion by 2028, boosted by growth in business and leisure travel.
The document provides an overview of the airport sector in India. Some key points:
- Passenger traffic at Indian airports is expected to increase from 223.61 million in 2016 to 421 million by 2020, making India the third largest aviation market.
- The travel and tourism industry is forecast to grow at a CAGR of 6.75% from 2016-2026, contributing USD280.51 billion to GDP.
- Six major airlines operate in India, with Indigo having the largest market share of 38.6%. The six biggest airports by passenger traffic are Bengaluru, Mumbai, Chennai, Delhi, Kolkata, and Hyderabad.
- Freight traffic grew at a
Aviation as an industry is structurally extremely unattractive. It is very difficult to make profit in this industry. The industry is, weighed down by regulations, and influenced by several uncontrollable factors. The combined effect of these factors is historically the industry has never earned a rate of return above its investors’ capital; in fact, it has destroyed more money than it has created. The main objective of the paper is to highlight the major characteristics of the industry. Factors such as cost of oil or security have direct impact on operational effectiveness and risk management of an airline company. Factors such as natural disasters or health emergencies and socio-political culture of a country too affect the financial health of the industry. The paper deals with the Indian Civil Aviation Industry. This paper is a theoretical review. by providing some suggestions.
The Indian aviation industry is one of the fastest growing in the world. It has undergone rapid transformation from being primarily government-owned to now being dominated by privately owned airlines. The domestic aviation market is growing at around 25-30% annually. There are currently over 450 airports and airstrips in India. The government has introduced policies to boost aviation infrastructure development and attract private investment. The aviation sector is expected to continue booming, with passenger traffic projected to grow over 15% in the next 5 years, representing huge investment opportunities.
The document discusses trends in India's travel and tourism industry from 2012-2023. Some key points:
- The travel & tourism industry is forecast to grow from $119 billion in 2012 to $270.5 billion by 2023. Business travel is estimated to increase from $25.9 billion to $58.6 billion over this period, while leisure travel is projected to rise from $67.5 billion to $152 billion.
- Passenger traffic at Indian airports is expected to increase from 160 million currently to 450 million by 2020, making India the third largest aviation market. Freight traffic is also projected to rise significantly.
- India's middle class population is projected to grow from 160 million
The travel and tourism industry in India is forecast to grow significantly by 2023, reaching USD270.5 billion from USD119.4 billion in 2012. Passenger traffic at Indian airports is expected to increase to 450 million by 2020 from 160 million currently. Business and leisure travel are expected to boost industry growth considerably. Factors such as a growing middle class, rising incomes, and increased liberalization of the aviation sector will support strong growth in the travel and tourism industry in India.
The civil aviation industry in India has undergone rapid transformation since liberalization. It has grown from a government-owned industry to one dominated by private airlines. Domestic passenger traffic has increased by 20% annually and is expected to reach 150-180 million by 2020. The top airlines are Jet Airways, IndiGo, SpiceJet and Air India. While Jet Airways and Air India have the largest fleets, IndiGo has the highest passenger and seat occupancy rates due to its low-cost strategy. The industry is regulated by the Ministry of Civil Aviation and other laws and organizations that focus on safety, security, and facilitating growth of the aviation sector.
An insight study of Aviation, Automobile, and Leather Industry of INDIA. Brief but precise information about INDIA as an economy in various defined sectors and how it is coming on the world platform and competing with global players.
A detailed report of the Aviation industry of INDIA with a comprehensive analysis of "Indigo Airline". How India is maturing itself in this industry and what new ways are being taken by government to revive the same.
Indian aviation has experienced rapid growth in recent years, driven by factors such as liberalization policies, economic reforms, and the entry of low-cost carriers. Passenger traffic has grown at a compound annual rate of over 14% internationally and 22% domestically between 2000-2008. Cargo traffic has also increased substantially. However, infrastructure development has not kept pace with demand. The government has initiated reforms and projects to develop airports and boost sectors like manufacturing, maintenance, and air cargo to sustain growth and make India a leader in global aviation.
The document provides an overview of India's services sector. Some key points:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, making it a key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market.
3) The government's initiatives like Startup India and reforms have created an attractive ecosystem for entrepreneurs and investors in the services sector.
The document provides an overview of India's services sector:
- It discusses the growth and size of India's services sector, which contributes over half of India's GDP and grew at an estimated 8.56% in 2017-18.
- Key segments like IT/ITeS, tourism, banking, and telecom are analyzed with recent performance indicators.
- Strategies adopted by major players to expand offerings and maximize sales through online and offline channels are highlighted.
- Upcoming mergers and acquisitions as well as moves to offer innovative education technologies are mentioned as well.
SpiceJet Airlines is an Indian low-cost carrier that has struggled financially in recent years, accumulating losses of over $500 million against shareholder funds of $300 million. It faces several strategic issues that threaten its ability to continue as a going concern, including high costs from its mixed fleet of aircraft types, lack of capital, and inefficient operations. Its key strategic challenge is achieving sustainable growth through addressing these underlying financial and operational weaknesses in order to become a strong competitor in the growing Indian market.
Similar to Aviation Sector Report - February 2019 (14)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
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2. Table of Content
Executive Summary………………….….…….3
Advantage India……………………...….……..4
Market Overview ………………………….…..6
Recent trends and Strategies….…..………..18
Growth Drivers…………………….................22
Opportunities…….……….......………………33
Industry Associations……………....…...…...35
Useful Information……….......……………….37
3. For updated information, please visit www.ibef.orgAviation3
EXECUTIVE SUMMARY
Travel and Tourism Total Contribution to GDP* (US$ billion)
234.03 251.64
492.21
0
200
400
600
2017 2018E 2028F
Business and Leisure Travel Spending (US$ billion)
201.71 216.94
432.35
11.61 12.38 24.41
0.00
200.00
400.00
600.00
2017 2018E 2028F
Leisure Travel Business Travel
Air passenger traffic in India (million)
Source: World Travel and Tourism Council, Airport Authority of India
308.75
258.06
421.00
0
100
200
300
400
500
FY18 FY19** 2020F
India is set to surpass UK and become the third largest aviation
market around 2024.^
By 2020, passenger traffic at Indian airports is expected to increase
to 421 million from 308.75 million in 2017-18.
During Apr-Dec 2018, air passenger traffic stood at 258.06 million.
Contribution of travel and tourism to India’s GDP is expected to
increase from US$ 234.04 billion in 2017 to US$ 251.64 billion in
2018.
The contribution is further forecasted to increase to US$ 492.21
billion by 2028F.
Business and leisure travel to boost growth.
Spending on business travel is estimated to increase to US$ 216.94
billion in 2018 and US$ 24.41 billion in 2028F from US$ 11.61 billion
in 2017, while on leisure travel is forecast to rise to US$ 12.38 billion
in 2018 and US$ 432.35 billion in 2028 from US$ 201.71 billion in
2017.
CAGR 6.99%
Note: *At real prices, E – Estimated, F – Forecasted, Conversion rate - US$ 1 = Rs 65.12,
** - Upto December 2018, ^As per IATA forecasts,
Update on GDP contribution and spending is expected in March 2019
5. For updated information, please visit www.ibef.orgAviation5
ADVANTAGE INDIA
Rising working group and widening middle class
demography is expected to boost demand
India plans to increase the number of airports to
250 by 2030 to cater to growing leisure and
business travel
Country will become the third largest aviation
market in terms of passengers by 2024.^
Growth in aviation accentuating demand for MRO facilities
Expenditure in MRO accounts for 12-15 per cent of total
revenues; it is the second-highest expense after fuel cost
By 2028, the MRO industry is likely to grow over
US$ 2.4 billion from US$ 800 million in 2018.
Investments to the tune of Rs 420-450
billion (US$ 5.99-6.41 billion) are
expected in India’s airport
infrastructure between FY18-23#.
Growing private sector participation
through the Public - Private Partnership
(PPP) route.
The government has been encouraging
private sector participation
Foreign investment up to 49 per cent is
allowed under automatic route in scheduled
air transport service, regional air transport
service and domestic scheduled passenger
airline.
ADVANTAGE
INDIA
Source: Ministry of Civil Aviation, MRO India, Crisil
Notes: FDI – Foreign Direct Investment, MRO – Maintenance, Repair and Overhaul; FY – Indian Financial Year (April – March), ^As per IATA forecasts, #As per CRISIL
7. For updated information, please visit www.ibef.orgAviation7
EVOLUTION OF THE INDIAN AVIATION SECTOR
Source: Airports Authority of India, Ministry of Statistics and Programme Implementation, Ministry of Civil Aviation, News Articles
Note: *As per IATA forecasts, FY – Indian Financial Year (April – March), mn km – Million Kilometers, ^ - as of May 2018, ** - Upto November 2018, ^^ - As of October 2018
India is the 7th largest civil aviation market in the world and is set to become the world’s 3rd* largest by 2024
In FY18, airports in India witnessed domestic passenger traffic of about 243.28 million people.
Investments worth US$ 6 billion are expected in the country's airport sector in 5 years
In-service fleet size of Indian airlines stood at 588 airplanes, as of May 2018. It is further expected to grow to 1,100 planes by 2027.
Scheduled airlines: distance
flown (mn km)
Non-scheduled airlines in
operation
Number of aircrafts
Cargo handled
Number of operational airports 50
703,000
225
39
199
102
3,357,028
588
106
1,382.74 (2018**)
(FY19^^)
(FY19^)
(FY18)
(December
2018)2000
8. For updated information, please visit www.ibef.orgAviation8
AIRPORTS AND AIRSTRIPS
Source: Airports Authority of India
Note: AAI – Airports Authority of India, JV – Joint Venture, FY – Indian Financial Year (April – March), * upto December 2018
Airports Authority of India (AAI) was –
• Established in 1994 under the
Airports Authority Act
• Responsible for developing,
financing, operating and
maintaining all government airports
• The Aircraft Act (1934) governs
remaining airports
Activity in AAI airports -
shares (%) – FY19
Basic facts
82.73%
80.04%
38.19%
17.27% 19.96% 61.81%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
Aircraft movement Passenger traffic Freight Traffic
Domestic International
Activity in AAI airports - shares (%) – FY19*
Airports and
airstrips in India
(464)
AAI managed (125)
Non-AAI airports
and airstrips (339)
International (17)
Customs airports
(7)
Domestic airports
(66)
Non-operational (9)
Operational (90)
Civil enclaves (26)
9. For updated information, please visit www.ibef.orgAviation9
MAJOR AIRLINES OPERATING IN INDIA
Source: Directorate General of Civil Aviation
SpiceJet
Market share: 13.3 per cent
Passenger load traffic: 90.9 per cent
GoAir
Market share: 8.7 per cent
Passenger load traffic: 87.4 per cent
Jet Airways
Market share: 11.9 per cent
Passenger load traffic: 86.1 per cent
Jetlite
Market share: 1.7 per cent
Passenger load traffic: 84.2 per cent
Air India
Market share: 12.2 per cent
Passenger load traffic: 80.0 per cent
Indigo
Market share: 42.5 per cent
Passenger load traffic: 86.4 per cent
Note: Market Share and Passenger Load Data for the month of January 2019
10. For updated information, please visit www.ibef.orgAviation10
MAJOR AIRPORTS IN INDIA
Source: AAI
Note: FY – Indian Financial Year (April – March)
Bengaluru
Passenger traffic handled in
FY16: 19 million;
FY17: 22 million
FY18: 26.91 million
Apr-Dec 2018: 24.84 million
Mumbai
Passenger traffic handled in;
FY16: 41.7 million;
FY17: 45.2 million
FY18: 48.50 million
Apr-Dec 2018: 37.21 million
Chennai
Passenger traffic handled in
FY16: 15.2 million;
FY17: 16.7 million
FY 18: 20.36 million
Apr-Dec 2018 : 17.01 million
Delhi
Passenger traffic handled in
FY16: 48 million;
FY17: 57.7 million
FY18: 65.69 million
Apr-Dec 2018: 52.43 million
Kolkata
Passenger traffic handled in
FY16: 12.4 million;
FY17: 14.35 million
FY18: 19.89 million
Apr-Dec 2018 : 16.27 million
Hyderabad
Passenger traffic handled in
FY16: 12.4 million
FY17: 15.24 million
FY 18: 18.16 million
Apr-Dec 2018 : 15.90 million
11. For updated information, please visit www.ibef.orgAviation11
AIRLINES DEMAND, CAPACITY AND UTILISATION
Source: Directorate General of Civil Aviation, Aranca Research
Demand and Capacity in India’s civil aviation sector have shown robust growth.
Capacity (Available Seat Kilometer) available in domestic flights has increased to 117,335.5 million km in FY19. Correspondingly, demand
(Revenue Passenger Kilometer) for domestic services has grown rapidly to 117,047.7 million km in FY18.
Capacity (Available Seat Kilometer) available in international flights has increased to 83,233.9 million km in FY19. Correspondingly, demand
(Revenue Passenger Kilometer) for international services has grown rapidly to 82,367.0 million km in FY18.
Growth in demand has consistently outpaced the growth in supply resulting in high utilisation (Passenger Load Factor). As of March 2018, India
had the highest utilisation (Passenger Load Factor) among the top seven aviation markets in the world.
Notes: *in million kilometre, ^up to December 2018
54,464.6
62,172.2
63,987.8
69,275.1
71,510.9
61,788.8
70,182.9
76,147.7
81,720.7
91,245.0
101,669.6
83,233.9
36,129.6
40,740.8
45,483.2
50,464.2
53,710.0
48,468.9
54,897.1
59,879.8
64,821.4
71,444.1
82,367.0
66,930.4
66.3%
65.5%
71.1%
72.8%
75.1%
78.4%
78.2%
78.6% 79.3%
78.3%
81.0%
80.4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
0
20,000
40,000
60,000
80,000
100,000
120,000
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19^
Capacity (Available Seat Kilometer*)
Demand (Revenue Passenger Kilometer*)
Utilisation (Passenger Load Factor in percentage)
Visakhapatnam port traffic (million tonnes)International Demand, Capacity and Utilisation
57,901.4
59,159.8
61,090.5
68,215.7
78,638.8
76,147.9
80,716.2
84,805.5
97,728.0
116,944.8
134,541.2
117,335.5
40,697.0
37,703.9
43,959.4
52,707.3
59,084.1
56,739.2
59,138.9
67,023.2
80,965.9
98,641.2
117,041.7
100,512.9
70.3%
63.7%
72.0%
77.3%
75.1%
74.5%
73.3%
79.0%
82.8%84.3%
87.0%
85.7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19^
Capacity (Available Seat Kilometer*)
Demand (Revenue Passenger Kilometer*)
Utilisation (Passenger Load Factor in percentage)
Domestic Demand, Capacity and Utilisation
12. For updated information, please visit www.ibef.orgAviation12
PASSENGER TRAFFIC…(1/2)
73.35
96.38
116.89
108.88
123.73
143.43
162.30
159.30
169.03
190.10
223.62
264.97
308.75
258.06
0
50
100
150
200
250
300
350
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19^
Source: Association of Private Airport Operator, Airports Authority of India
India’s passenger* traffic grew at 16.52 per cent year on year to
reach 308.75 million in FY18. It grew at a CAGR of 12.72 per cent
during FY06-FY18.
Passenger* traffic in India during Apr-Dec 2018 was 258.06 million.
Growth in passenger traffic has been strong since the new
millennium, especially with rising incomes and low-cost aviation.
By 2036, India is estimated to have 480 million flyers, which will be
more than that of Japan ( just under 225 million) and Germany ( just
over 200 million) combined.
India has become the third largest domestic aviation market in the
world and is expected to overtake UK to become the third largest air
passenger* market by 2024#.
Further, India is already the fastest growing domestic aviation market
in the world and air connectivity in the country recorded the highest
pace of 114 per cent globally between 2013-18**.
Moreover, India’s domestic aviation market has recorded 52
consecutive months of double digit growth by December 2018.
Visakhapatnam port traffic (million tonnes)Passenger * traffic (million)
Notes: CAGR – Compound Annual Growth Rate, FY – Indian Financial Year (April – March), *passenger – Domestic + International, #CAGR is till FY18, ^ - Upto December 2018, #As per
IATA forecasts, **As per IATA
#CAGR 12.72%
13. For updated information, please visit www.ibef.orgAviation13
PASSENGER TRAFFIC…(2/2)
50.98
70.62
87.06
77.30
89.39
105.52
121.51
116.97
47
51
168.89
205.68
243.28
206.55
22.37
25.87
29.81
31.58
34.37
37.91
40.80
43.03
46.62
50.80
54.72
59.29
65.48
51.51
-20%
-10%
0%
10%
20%
30%
40%
50%
0
50
100
150
200
250
300
350
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Domestic International
Growth-Domestic Growth-International
Source: Airports Authority of India, Ministry of Civil Aviation
Domestic passenger traffic expanded at a CAGR of 13.91 per cent
over FY06–18.
International passenger traffic registered growth at a CAGR of 9.36
per cent over FY06-18.
During Apr-Dec 2018, domestic passenger traffic stood at 206.55
million while international traffic stood at 51.51 million.
Domestic passenger traffic grew YoY by 18.28 per cent to reach
243.28 million in FY18 and is expected to become 293 million in
FY20E.
International passenger grew YoY by 10.43 per cent to reach 65.48
million in FY18 and traffic is expected to become 76 million in
FY20E.
Visakhapatnam port traffic (million tonnes)International and domestic passenger traffic (million)
Notes: E- Estimate, YoY – Year on Year, FY – Indian Financial Year (April – March), * - Upto December 2018
14. For updated information, please visit www.ibef.orgAviation14
FREIGHT TRAFFIC…(1/2)
920.00
1,023.00
1,147.00
1,149.00
1,271.00
1,496.00
1,468.00
1,407.00
1,440.00
1,542.00
1,658.35
1,855.06
2,143.97
1,670.01
484.00
530.00
568.00
552.00
689.00
852.00
812.00
784.00
840.00
986.00
1,045.92
1,123.18
1,213.06
1,031.85
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
International( '000 Tonnes) Domestic ('000 Tonnes)
Source: Airports Authority of India
During FY06-18, domestic freight traffic increased at a CAGR of 7.96
per cent, while international freight traffic grew at a CAGR of 7.30
per cent during the same period.
In FY18, domestic freight traffic stood at 1,213.06 tonnes, while
international freight traffic was at 2,143.97 tonnes.
During Apr-Dec 2018, domestic freight traffic stood at 1.03 million
tonnes while international freight stood at 1.67 million tonnes.
By 2023, total freight traffic is expected to touch 4.14 million tonnes
exhibiting growth at a CAGR of 7.27 per cent between FY2016 and
FY23. In addition, international freight traffic is expected to grow at a
CAGR of 7.13 per cent while domestic freight traffic is expected to
grow at a CAGR 7.50 per cent between FY2016 and FY23.
Visakhapatnam port traffic (million tonnes)International and Domestic Freight Traffic
Note: * - Upto December 2018
15. For updated information, please visit www.ibef.orgAviation15
FREIGHT TRAFFIC…(2/2)
1.40
1.55
1.72
1.70
1.96
2.35
2.28
2.19
2.28
2.53
2.70
2.98
3.36
2.70
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Source: Airports Authority of India
Freight traffic grew at a CAGR of 7.56 per cent during FY06-FY18 to
from 1.40 million MT to 3.36 million MT. During Apr-Dec 2018, total
freight traffic handled stood at 2.70 million tonnes.
Freight traffic on airports in India has the potential to reach 17 million
tonnes by FY40.
Growth in import and export in India will be the key driver for growth
in freight traffic as 30 per cent of total trade is undertaken via
airways.
The Government of India’s recently released National Air Cargo
Policy Outline 2019 envisages making Indian air cargo and logistics
the most efficient, seamless and cost and time effective globally by
the end of the next decade.
Visakhapatnam port traffic (million tonnes)Freight traffic (million tonnes)
Notes: FY – Indian Financial Year (April – March), #CAGR is up to FY18, FY19* - upto December 2018
#CAGR 7.56%
16. For updated information, please visit www.ibef.orgAviation16
AIRCRAFT MOVEMENT
1.31
1.31
1.31
1.33
1.39
1.54
1.48
1.54
1.60
1.80
2.05
2.32
1.96
-10%
-5%
0%
5%
10%
15%
20%
0.00
0.50
1.00
1.50
2.00
2.50
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Aircraft movement Growth in Aircraft movement
Source: Association of Private Airport Operators, Airports Authority of India
Aircraft movement grew at a CAGR of 5.37 per cent from 1.31 million in FY07 to 2.32 million during FY18.
During FY07-18, domestic aircraft movement increased at a CAGR of 7.38 per cent, while international aircraft movement expanded at 6.64 per
cent CAGR over the same period. India’s domestic and international aircraft movements grew 14.40 per cent y-o-y and 9.40 per cent y-o-y to
1,886.63 thousand and 437.93 thousand during 2017-18, respectively.
During Apr-Dec 2018, domestic aircraft movement stood at 1.62 million while international aircraft movement stood at 0.33 million.
Visakhapatnam port traffic (million tonnes)Total aircraft movement (million)
Notes: CAGR – Compound Annual Growth Rate FY – Indian Financial Year (April – March) YoY – Year on Year, * - Upto December 2018
216
249
270
282
300
309
314
336
346
375
365
438
339
862
1,059
1,036
1,049
1,094
1,235
1,165
1,201
1,260
1,481
1,502
1,887
1,623
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
0
500
1,000
1,500
2,000
2,500
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
International ('000) Domestic ('000)
Growth-International(%) Growth-Domestic(%)
Visakhapatnam port traffic (million tonnes)Aircraft movement growth
17. For updated information, please visit www.ibef.orgAviation17
KEY PUBLIC AND PRIVATE SECTOR PLAYERS
Until 2013, AAI was the only major player involved in developing and upgrading airports in India
Post liberalisation, private sector participation in the sector has been increasing
Government of India has given ‘in-principle’ approval to 19 airports out of which 7 are going to be developed on a PPP basis with an investment of
Rs 27,000 crore (US$ 41.89 billion).
Major private
sector players
Development of Hyderabad International Airport; modernisation of
Delhi International Airport
Modernisation of Mumbai International Airport
Development of Bengaluru International Airport
Development of Bengaluru International Airport
Development of Bengaluru International Airport
Development of Simoga and Gulbarga airports in Karnataka
Notes: AAI – Airports Authority of India
19. For updated information, please visit www.ibef.orgAviation19
Currently, six international airports have been completed successfully under PPP mode
The sector is expected to witness investments worth US$ 25 billion by 2027.
In November 2018, the Government of India approved a proposal to manage six AAI airports under public
private partnership (PPP). These airports are situated in Ahmedabad, Jaipur, Lucknow, Guwahati,
Thiruvananthapuram and Mangaluru. AAI received 32 technical bids from ten companies.
Further, the Navi Mumbai airport is being developed under a PPP model by GVK Group subsidiary Mumbai
International Airport (MIAL) and City and Industrial Development Corporation of Maharashtra Ltd (CIDCO)
with an investment of Rs 16,000 crore (US$ 2.22 billion).
Rising business activity leading to higher demand for non-scheduled airlines
As of October 2018, there are 106 operators (NSOP)
Increasing use of development fees by airport developers and operators
Airport Development Fee: Delhi, Mumbai airports to fund expansion
User Development Fee: Hyderabad, Bengaluru airports for maintenance
Indian airports are emulating the SEZ-aerotropolis model to enhance revenues; focus on revenues from
retail, advertising, vehicle parking, etc.
With the initiative of displaying “Art for a cause,” Nagpur airport became India’s first airport to take up the
cause of empowering the girl child in a unique way.
Absence of complementary meals in low-cost airlines have boosted the F&B retail segment at airports
NOTABLE TRENDS IN THE AIRPORTS SECTOR
Source: DGCA
Notes: FY – Indian Financial Year (April – March), NSOP – Non Schedule Operators Permit
Rising private
participation and
Investments
Greater use of non-
scheduled airlines
User development fees
Focus on non-
aeronautical revenue
20. For updated information, please visit www.ibef.orgAviation20
STRATEGIES ADOPTED…(1/2)
Capacity will also increase with new terminals coming up in Mumbai, Bengaluru, Chennai and Kolkata
Indian carriers are expected to double their fleet capacity to around 1,100 aircrafts by 2027 .
In August 2018, SpiceJet operated India’s first ever test flight powered by biofuel from Dehradun to Delhi.
In December 2018, IndiGo became first Indian carrier to have a aircraft fleet size of 200 planes.
Indian LCC’S are looking forward to increase their ancillary services, without tampering their business
models. This includes services like lounge access, priority boarding, customer loyalty memberships and
customer meals
The AAI has allowed the BRTS buses to foray in the airport premises in Surat. The initiative is to allow the
passengers to reach airports on time and allow smoother transit.
Source: Central Asia-Pacific Aviation
Indian LCC’s are looking forward to increase their low cost products on routes which will take up to four
hours (shorter international routes)
This will allow deleveraging of domestic fleet, increasing aircraft utilisation and improving commercial
performance
Chennai, with its strategic location in South India has a strong potential to become a hub, with connecting
flights to Gulf and across South East Asia
Expansion
Ancillary services
Increasing operations
21. For updated information, please visit www.ibef.orgAviation21
Under Union Budget 2018-19, the government introduced NextGen Airports for Bharat (NABH)-Nirman
Scheme which aims a five-fold increase in India’s airport capacity to handle a billion trips per year.
In February 2018, the Prime Minister of India launched the construction of Navi Mumbai airport which is
expected to be built at a cost of US$ 2.58 billion. The first phase of the airport will be completed by end of
2019.
UP Budget 2019-20: Rs 200 crore (US$ 27.72 million) allocated to build Ayodhya airport in UP.
In September 2018, the Prime Minister of India inaugurated Jharsuguda Airport in Odisha.
In September 2018, the Prime Minister of India also inaugurated Sikkim’s first ever airport, Pakyong
Airport. It is AAI’s first greenfield airport construction.
As of October 2018, the Government of India has released a policy on biometric digital processing of
passengers at airports called ‘Digi Yatra’, The policy will ensure uniform implementation and passenger
experience across Indian airports through a connected ecosystem.
In December 2018, Kannur International Airport was inaugurated making Kerala the only state in India to
have four international airports.
As of January 2019, the Government of India is working on a blueprint to promote domestic manufacturing
of aircrafts and aircraft financing within the country .
In January 2019, the government organised the Global Aviation Summit in Mumbai which witnessed
participation of over 1,200 delegates from 83 countries.
STRATEGIES ADOPTED…(2/2)
Source: Central Asia-Pacific Aviation, News Articles
Note: AAI – Airport Authority of India
Government’s push
23. For updated information, please visit www.ibef.orgAviation23
STRONG DEMAND AND POLICY SUPPORT DRIVING
INVESTMENTS
Strong
government
support
Inviting Resulting in
Policy support Increasing investmentsGrowing demandGrowing demand
Rising domestic and
foreign tourists and
travellers
Strong growth in external
trade
Greater government focus
on infrastructure
Increasing liberalisation,
Open Sky Policy
AAI driving large
modernisation,
development projects;
expansion and
upgradation of existing
airports; development of
low-cost airports
Increasing private sector
participation, increasing
greenfield projects
Expanding middle income
group and working
population
Policy sops, FDI
encouragement
Strong projected demand
making returns attractive
24. For updated information, please visit www.ibef.orgAviation24
TRAVEL AND TOURISM
18.8
22.3
25.5
26.4
20.8
17.8
18.7
10.3
11.6
12.4
48.7
60.9
69.3
68.7
77.9
90.2
92.7
180.0
201.7
216.9
0.0
50.0
100.0
150.0
200.0
250.0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F
Business Travel and Tourism Spending
Leisure Travel & Tourism Spending
Source: World Travel and Tourism Council, Make in India, Global Business Travel Association
The share of travel and tourism in India’s GDP was 9.4 per cent in
2017; and is expected to grow at a CAGR of 7.5 per cent in 2018. It
is also expected to grow at 6.9 per cent per annum between 2018E -
2028.
Emergence of business hubs like Mumbai (Finance), Bengaluru (IT),
Chennai (IT), Delhi (Manufacturing, IT) is likely to boost business
travel as well.
Leisure travel spending (inbound and domestic) generated 94.6 per
cent of direct Travel & Tourism GDP in 2017 US$ 201.7 billion
compared with 5.4 per cent for business travel spending US$ 11.6
billion
Leisure travel spending is expected to grow at 7.6 per cent in 2018
and rise to 7.1 per cent per annum between 2018E – 2028 while
business travel spending is expected to grow at 6.7 per cent in 2018
and rise to 7.0 per cent per annum between 2018E – 2028.
Visakhapatnam port traffic (million tonnes)Travel and tourism spending (US$ billion)
Notes: IT – Information Technology, F – Forecast, E – Estimate, Updated data is expected in March 2019
25. For updated information, please visit www.ibef.orgAviation25
EXPORTS AND IMPORTS
185.29
178.75
249.82
305.96
300.40
314.41
309.56
262.03
274.65
319.45
271.80
303.69
288.37
369.77
489.32
490.74
450.20
447.52
380.60
380.38
369.43
427.73
0
100
200
300
400
500
600
Exports Imports
Source: Ministry of Commerce
Over FY09-18,
• India’s exports expanded at a CAGR of 5.61 per cent to US$
302.84 billion in FY18.
• Imports registered a CAGR of 4.71 per cent which reached to
US$ 459.87 billion in FY18.
Growing trade augurs well for airports as they handle about 30 per
cent of India’s total trade (by value)
During April 2018-January 2019, India’s merchandise exports and
imports stood at US$ 271.80 billion and US$ 427.73 billion,
respectively.
Visakhapatnam port traffic (million tonnes)Exports and imports (US$ billion)
Notes: CAGR – Compound Annual Growth Rate, FY – Indian Financial Year (April – March), FY19* - April-January 2018-19
Higher aircraft
movement
Increasing airline
operators
Rise in freight traffic
Growth in passenger
traffic
FDI in aviation and
liberalised aviation
policy
26. For updated information, please visit www.ibef.orgAviation26
Rising private
participation and
Investments
POLICY SUPPORT…(1/3)
Notes: India currently has bilateral air service agreements with 104 countries. These include Brazil, 27 members of the EU, and China. In 2008 traffic rights were been enhanced with
Mexico, Saudi Arabia, Netherlands, Qatar, Iran, Japan and Turkey, FDI – Foreign Direct Investment, GOI – Government of India
Over 30 airport development projects are under progress across various regions in Northeast India
AAI plans to develop over 20 airports in tier II and III cities in next 5 years
The AAI plans to develop Guwahati as an inter-regional hub and Agartala, Imphal and Dibrugarh as
intra-regional hubs
AAI is going to invest Rs 15,000 crore (US$ 2.32 billion) in 2018-19 for expanding existing terminals and
constructing 15 new ones.
The Indian government is planning to invest US$ 1.83 billion for development of airport infrastructure along
with aviation navigation services by 2026.
Greater focus on
infrastructure
With the opening of the airport sector to private participation, six airports across major cities are being
developed under the PPP model
Currently 60 per cent of airport traffic is handled under the PPP model, while the remaining 40 per cent is
managed by the AAI
Increased traffic rights under bilateral agreements with foreign countries
India signed its 1st open skies agreement with Greece
In May 2017, India and Spain signed an MoU for cooperation in civil aviation industry. The MOU would spur
greater trade, investment, tourism and cultural exchanges between both the countries.
In April 2017, Brussels Airlines launched its service from Brussels to Mumbai, its 1st flight to Asia. The
launch is a part of Lufthansa’s group strategy to expand its business in India.
In June 2018, India has signed an open sky agreement with Australia allowing airlines on either side to offer
unlimited seats to six Indian metro cities and various Australian cities.
Liberalisation, Open Sky
Policy
Northeast India
27. For updated information, please visit www.ibef.orgAviation27
The policy covers 22 areas of the civil aviation sector.
Regional Connectivity Scheme (RCS) has been launched under the policy.
Airlines can commence international operations and have to deploy 20 aircrafts or 20 per cent of total
capacity (whichever is higher) for domestic operations.
100 per cent tax exemption for airport projects for a period of 10 years
Indian aircraft Manufacture, Repair and Overhaul (MRO) service providers are exempted completely from
customs and countervailing duties
In the Union Budget for FY19, Government of India, has earmarked US$ 60.15 million for Air India Limited.
Also, an amount of US$ 11.32 million has been allocated to Airports Authority of India for 2018-19.
The government has allocated a sum of US$ 710.38 million to Directorate General of Civil Aviation to
implement various schemes.
The government has also supported the Bureau of Civil Aviation Security with US$ 7.62 million to meet
their expenditure.
Allocation to Civil Aviation ministry with Rs 4,500.00 crore (US$ 6,237.01 million) under Union Budget
2019-20.
POLICY SUPPORT…(2/3)
Source: : Ministry of Civil Aviation
Notes: AAI – Airports Authority of India, DGCA – Directorate General of Civil Aviation, FY – Indian Financial Year (April – March)
Taxes and Duties
Budgetary Support
National Civil Aviation
Policy, 2016
28. For updated information, please visit www.ibef.orgAviation28
The AAI plans to spend US$ 1.3 billion on non-metro projects over the 5 years (2013–17); mainly focusing
on the modernisation and upgradation of airports; New airports at Itanagar, Kohima and Gangtok are also
planned.
The Government of Andhra Pradesh is to develop greenfield airports in six cities-Nizamabad, Nellore,
Kurnool, Ramagundam, Tadepalligudem and Kothagudem under the PPP model.
Upfront subsidy has been proposed through which non-metro airports would be funded by imposing 2 per
cent levy on both domestic and international airfares.
About 22 airports to get connected under regional connectivity scheme of AAI.
The AAI aims to bring around 250 airports under operation across the country by 2020
The AAI has developed and upgraded over 23 metro airports in the last 5 years
POLICY SUPPORT…(3/3)
Rising private
participation and
Investments
The GOI has allowed 100 per cent FDI under automatic route for greenfield projects, whereas, 74 per cent
FDI is allowed under automatic route for brownfield projects.
100 per cent FDI is allowed under automatic route in scheduled air transport service, regional air transport
service and domestic scheduled passenger airline. FDI over 49 per cent would require government
approval.
Approval of 49 per cent FDI in aviation for foreign carriers.
FDI inflows in India’s air transport sector (including air freight) reached US$ 1,817.23 million between April
2000-December 2018.
Metro Airports
Non-metro airports
Encouragement to FDI
29. For updated information, please visit www.ibef.orgAviation29
PRIVATE SECTOR INVESTMENT IN AIRPORTS RISING
… (1/2)
Recourse to the Public Private Partnership (PPP) model has boosted private sector investments in airports
PPP route for five international airports (Delhi, Mumbai, Cochin, Hyderabad, Bengaluru) most noteworthy
Increasing share of private sector in equity component of major airports –
• 74 per cent private share holding in IGI Airport (Delhi) - owned majorly by GMR (54 per cent), Fraport AG (10 per cent), Eraman Malaysia (10
per cent); rest of the shares owned by AAI
• 74 per cent private shareholding in CSI Airport (Mumbai) - owned majorly by GVK (50.5 per cent), Bid Services Division (Mauritius) Ltd. (13.5
per cent), ACSA Global (10 per cent); rest of the shares owned by AAI
• 74 per cent private shareholding in RGI Airport (Hyderabad) - owned majorly by GMR (63 per cent), Malaysia Airports Holdings Berhad (11 per
cent); rest of the shares owned by Government of India (13 per cent) and Government of Andhra Pradesh (13 per cent)
• 74 per cent shareholding in Kempagowda International Airport (Bengaluru) – owned majorly by Siemens Project Ventures, Germany (40 per
cent), Unique (Flughafen Zurich AG) Zurich Airport, Switzerland (17 per cent), L&T, India (17 per cent); rest of the shares owned by AAI (13
per cent) and KSIIDC, which is an agency owned by the state of Karnataka, India (13 per cent)
• In March 2017, by selling off 2 offshore bonds, GMR plans to raise US$250-300 million for refinancing their debt. In June 2017, GMR
announced plans to refinance loans and divest assets in road and power sectors to cut debt so as to invest up to Rs 7,400 (US$ 1.15 billion)
crore to expand Delhi and Hyderabad airports.
Source: Notes: KSIIDC – Karnataka State Industrial and Infrastructure Development Corporation Ltd.
30. For updated information, please visit www.ibef.orgAviation30
PRIVATE SECTOR INVESTMENT IN AIRPORTS RISING
… (2/2)
Gulbarga Airport
Hassan Airport
Shimoga Airport
Bijapur Airport
Bengaluru
Participation in
international
airport projects
Terminal 3
construction in Delhi
completed in 2010
Terminal 3 - Total cost
US$ 2.7 billion
(including Terminal 3
and 1- D)
15 greenfield projects with
private sector participation
has been approved in May
2015
PPP format likely to
continue
In May 2016, US$ 2.23
billion of investments
were approved
byAirports Authority of
India (AAI) for
upgrading Indian
airports, over a period
of four years
Mumbai
(Modernisation)
Hyderabad
Delhi
(Modernisation,
Terminal 3)
Mopa Airport, Navi
Mumbai Airport, Shirdi
and Sindhudurg
Airports, Kannur and
Aranmula Airports,
Durgapur Airport, Dabra
Airport, Pakyong
Airport, Karaikal Airport
and Kushinagar Airport
31. For updated information, please visit www.ibef.orgAviation31
SUCCESSFUL PPP AIRPORTS IN INDIA
Source: Association of Private Airport Operators
Presently India has 5 PPP airports each at Mumbai, Delhi, Cochin, Hyderabad and Bengaluru, which together handle over 55 per cent of country’s
air traffic.
Government of India has approved 15 greenfield PPP projects which are expected to increase the air traffic in India. These projects would be
setup in Goa, Navi Mumbai, Maharashtra, Bijapur, Gulbarga, Karnataka, Kerala, West Bengal, Madhya Pradesh, Sikkim, Puducherry and Uttar
Pradesh.
Government of Maharashtra has approved development of Nagpur airport on a PPP basis and allocated Rs 100 crore (US$ 15.45 million) for it in
State Budget 2018-19. The airport will be upgraded on a DBFOT basis with a private player operating it for 60 years.
Notes: BOOT - Build Own Operate Transfer; BOO - Build Own Operate, DBFTO – Design Build Finance Operate Transfer
Name of airport Operator
Type of project/
PPP structure
Revenue sharing
Chhatrapati Shivaji
International Airport
Mumbai International Airport Ltd (MIAL) Brownfield/BOOT 38.7 per cent of gross revenue to be shared with AAI
Indira Gandhi
International Airport
Delhi International Airport Ltd (DIAL) Brownfield/BOOT 45.9 per cent of gross revenue to be shared with AAI
Rajiv Gandhi
International Airport
GMR Hyderabad International Airport Ltd
(GHIAL)
Greenfield/BOOT
Concession fees - 4 per cent of gross revenue to be
shared with AAI
Bengaluru
International Airport
Bengaluru International Airport
Ltd (BIAL)
Greenfield/BOOT
Concession fees – 4 per cent of gross revenue to be
shared with AAI
Cochin
International Airport
Cochin International Airport Ltd (CIAL) Greenfield/BOO
Payment of dividend to the Government towards
their 26 per cent of equity capital
32. For updated information, please visit www.ibef.orgAviation32
FOREIGN PLAYERS
Major foreign players Airport Stake (%) Description
Airports Company South Africa Global Mumbai International Airport Pvt Ltd 10
Operates and owns 9 airports in South
Africa
Malaysia Airports Holdings Berhad
Delhi International Airport Pvt Ltd 10 Operates and manages 5 international
gateways, 16 domestic airports, to 18 short
take-off and landing ports (Short Take-off
and Landing ports) that serves the rural and
remote areas in Malaysia
Hyderabad International Airport Pvt Ltd 11
Frankfurt Airport Services Worldwide Delhi International Airport Pvt Ltd 10
Global airport operator that offers airport
management services including terminal
and traffic management, baggage and
cargo handling and aviation ground
handling
AirAsia
Joint venture with Tata sons and
Arun Bhatia
49
AirAsia is a Malaysian low-cost carrier. It
has formed a JV AirAsia (India) Pvt Ltd with
Tata Sons (30 per cent stake) and Arun
Bhatia via Telestra Tradeplace (21 per cent
stake) in March 2013. Tata Sons planning
to raise its stake to 41.06 per cent as on
August 14, 2015
Jet Airways Aeromexico Signed a MoU
Partnered with Aeromexico for codeshare
flights and frequent flyers programme
34. For updated information, please visit www.ibef.orgAviation34
OPPORTUNITIES
Success of PPP formats will raise
investment in existing and greenfield
airports
Private sector participation in 6 existing
airports operated by AAI is likely to
increase investment opportunities for
airport sector
Government of India has launched
NABH-Nirman Scheme which is aimed at
increasing India’s airports’ capacity.
According to various estimates, India will
require investments worth Rs 3 - 4 lakh
crore (US - 62.06 million) to achieve a
capacity for having a billion trips per
year.
Policy support and demand growth
unlocking large investment potential
India’s MRO industry is expected to grow
from US$ 800 million in 2018 to more than
US$ 2.4 billion by 2028.
Indian airline companies spend over 12–
15 per cent of their revenues on
maintenance, which is the second highest
cost component after fuel.
The government has envisaged making
India a global MRO hub, handling nearly
90 per cent of the MRO needs of Indian
operators and obtaining around 20 per
cent of the MRO revenue from foreign-
registered aircraft.
To achieve this the government has
proposed various key steps including
setting up of a high-power task force for
promotion of MRO, declaration of MRO
and component warehouses as free trade
zones with zero per cent GST, import
restrictions
Huge potential to develop India as an
MRO hub
Airport developers can now draw on
wider revenue opportunities such as
retail, advertising and vehicle parking
Future operators will benefit from
greater operational efficiency due to
satellite based navigation systems
like ‘Project Gagan’ which is in
development phase
Leverage on non-aeronautical
revenues, improved technology
Source: FICCI Vision 2040 for the Civil Aviation Industry in India
Notes: PPP – Public Private Partnership, NABH – NextGen Airports for Bharat, MRO – Maintenance, Repair and Overhaul, GST – Goods and Services Tax
38. For updated information, please visit www.ibef.orgAviation38
GLOSSARY
AAI: Airports Authority of India
ACI: Airport Council International
CAGR: Compound Annual Growth Rate
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
So FY10 implies April 2009 to March 2010
GOI: Government of India
INR: Indian Rupee
MRO: Maintenance, Repair and Overhaul
PPP: It could denote two things (mentioned in the presentation accordingly) –
• Purchasing Power Parity (used in calculating per-capita GDP – slide 12, GROWTH DRIVERS)
• Public Private Partnership (a type of joint venture between the public and private sectors)
39. For updated information, please visit www.ibef.orgAviation39
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Q2 2018-19 70.18
Q3 2018-19 72.15
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
2018 68.36
Source: Reserve Bank of India, Average for the year
40. For updated information, please visit www.ibef.orgAviation40
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