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ANSWER6:-
“FUTURE OF DOMESTIC AVIATION SECTOR”
India is one of the fastest growing aviation markets in the
world. The curr...
ADVANTAGE OF THE CURRENT SCENARIO OF
AVIATION INDUSTRY
• The biggest advantage is that its time saving.
• Passenger get mo...
• It brings air pollution and increase in air traffic.
• Hijack, bomb threat and emergency landing.
• As there has been a ...
citizens but are also targeting the customers’ world wide.
Many companies of the developed countries are now moving
toward...
has also realized that tourism is one of the important factors
which help in the growth of economy. Developing countries,
...
that Airbus had discussed the issue with Kingfisher before
the choice was made and that this was the only cancellation
fro...
Where do I fit into the picture?
• Yes, I fit into the picture as a cabin crew because I
have better control over my patie...
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Task 6 Aviation Assignment

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Task 6 Aviation Assignment

  1. 1. ANSWER6:- “FUTURE OF DOMESTIC AVIATION SECTOR” India is one of the fastest growing aviation markets in the world. The current growth rate in domestic and international travel exceeds 25% the highest in the world. The Indian aviation industry has witnessed a remarkable growth in recent years with key drivers being positive economic factors, growth in consumer spending and availability of low fares. It is estimated that by 2010, Indian airports will be handling between 90 and 100 million passengers per year, as against the current 34 million passengers. It is also expected that nearly the low cost carrier segment [LCC] will drive 80% of this growth. The increase in percentage growth rate of domestic sector is far more than that of the international sector. The other factors, which will boost up the domestic sector in next few years, are as follows: LCC(low cost carrier): Due to the emergence of the low cost airlines, every common person can afford to travel which was a rare scenario in earlier days. Attraction to foreign shores: jet and Sahara have gone international by starting operations. After five years of domestic operations, many domestic airlines too will be entitled to fly overseas. Rising income levels: though India’s GDP is very low as compared to the developed country standards, but as India’s economy is growing even now, the common person can afford to fly by air .Glamour of the airlines. No other industry other than film making industry is as glamorous as the airlines. Airline tycoons have been idolized. Airlines have a aura of glamour around them, and high net worth individuals can always have an idea of owing an airline, due to all the above factors have resulted in a “me too” rush to launch domestic airlines in India. Apart from this, there are many reasons for shutting down of this industry such as hike in fuel rise, low maintenance etc but due to the above- mentioned factors it will never go down.
  2. 2. ADVANTAGE OF THE CURRENT SCENARIO OF AVIATION INDUSTRY • The biggest advantage is that its time saving. • Passenger get more comfort than any others do mode of transport. Due to the emergency of the LCC (low cost carriers) even common man can now travel by air which was a rare scenario in the earlier days. • Development in economy. • Improves standard of living. • More job opportunity. • Improvement in business sector. • Improves technology. • Opportunity to visit different countries. • The aviation industry is one of the fastest growing industry in the world • As earlier it used to take weeks to cross the ocean but now its just a matter of hours.. • The growth rate of domestic and international sector has been more than 25% which is highest in he world. • As the jobs available in this industry are of high risk the salary paid to the crew is very high as compared to other industry. DISADVANTAGE OF CURRENT SCENARIO OF AVIATION INDUSTRY • You can have long duty hours, odd hours duty, continuous traveling for days together, has to keep, you are cool in many untoward situations also. • It utilizes a lot of resources to do its thing fuel, rubber, metals, etc. hence it is getting too expensive.
  3. 3. • It brings air pollution and increase in air traffic. • Hijack, bomb threat and emergency landing. • As there has been a hike in fuel charges, the airlines have increased their fares • All big airlines have to merge with other airlines to make profit due to the soaring prices. • The air tickets will not be affordable to the common man and it would be only for high class society people. • No new aircrafts will be purchased . As a result , US & European manufacturers will also suffer In My Opinion Now, I just got to know about the vast aviation industry. That they are more opportunities in this industry than the other industry. To be a part of this industry it is very important to about this industry and this research has helped me for the same. As I was doing the research on the above mentioned topics, I came to various features of this knew this industry is so large, but as of now, I almost know everything which is hardly known to the common people as well as the advantages and disadvantages of this industry. As before, I never about this industry so it helped me a lot by clearing my doubts about this industry. According to me, in coming few years I will be a part of this industry as a cabin crew in a very renowned airlines. My View about Aviation Industry? Realized the benefits of tourism to their national economies so they are paying attention to the infrastructure development and the development of resorts. They are trying to provide convenient air travel services. Improved air travel services help in increasing the tourism and as a consequence, it supports their economy. It helps in the growth of the airline industry. More companies are doing their business at an international level. Nowadays companies are not only targeting the local
  4. 4. citizens but are also targeting the customers’ world wide. Many companies of the developed countries are now moving towards the developing countries in search of new markets for their product. Companies are becoming global in the terms of investment India is one of the fastest growing aviation markets in the world. With the liberalization of the Indian aviation sector, the industry had witnessed a transformation with the entry of the privately owned full service airlines and low cost carriers. As of May 2006, private carriers accounted for around 75% share of the domestic aviation market. The sector has also seen a significant increase in number of domestic air travel passengers. Some of the factors that have resulted in higher demand for air transport in India include the growing middle class and its purchasing power, low airfares offered by low cost carriers, the growth of the tourism industry in India, increasing outbound travel from India, and the overall economic growth of India. Now the airline industry is a large and growing industry. Air travel plays a very important role in economic growth and world trade. It is expanding for either of the following reasons that is for business purpose or leisure travel. It helps in increasing the international investment as well as tourism. The airlines have made it more comfortable to travel from one place to another, and now are offering reasonable rates. Affordable rates encourage people to travel further to new places. As a result, people have started traveling to new exotic destinations. Billions of passengers are traveling every year by way of the airline industry. The airline industry is not only growing in developed countries but it is growing in developing countries also. As the economy of developing countries is growing, the citizens of the developing countries are becoming the new tourists. In the future, the citizens of the developing countries would become the new tourists at the international level. Government of developing countries
  5. 5. has also realized that tourism is one of the important factors which help in the growth of economy. Developing countries, supply, production chain etc. As the companies are becoming global, business travel has also grown INDIAN AVIATION SECTOR IN TROUBLE; DOMESTIC TRAFFIC AT FIVE-YEAR LOW The Indian aviation sector looks set to shrink amid financial turmoil, with the nation’s air carriers in schemes to try to ride out the problems and domestic air traffic at a five year low. Air traffic has fallen by 19% in September, the fourth month in a row of negative growth. The news comes as a joint result of the current financial crisis and high jet fuel prices, with Indian airlines in debt to the tune of Rs1,800 crore after surpassing their credit limits with oil companies, who are themselves making losses due to government controls on the price of jet fuel. Kingfisher Red - Originally, known as Air Deccan, India’s first budget carrier, untill Kingfisher Airlines bought the company out - suffered the biggest drop in passenger numbers at 20% of their load factor. Flag carrier Air India is running at 53% of capacity after a 10% fall, and the average for airlines is now 55% as opposed to 65% this time last year. Kingfisher Airlines has decided to enter an alliance with Jet Airlines that will see them collectively control half the Indian aviation market. Both airlines are in debt over fuel payments with Jet owing Rs850 crore while Kingfisher refused to disclose the amount they needed to pay. The money was owed mainly to the Indian Oil Corporation, with the rest owed to the Hindustan Petroleum Corporation and the Bharat Petroleum Corporation. 45% of costs for Indian carriers is fuel, which is 70% more expensive than abroad due to multiple taxes. Kingfishers have cancelled an order for three A340 aircraft from European Airbus. Airbus executive John Leahy said
  6. 6. that Airbus had discussed the issue with Kingfisher before the choice was made and that this was the only cancellation from India. He also maintains that India will be an important area for Airbus, with the firm predicting Indian aviation growth will be at 9.7% compared to a global rate of 5.4%. Airbus predict that 1,000 new aircraft will increase the Indian fleet five-fold by 2026. Airbus have also welcomed the partnership between Jet and Kingfisher, saying it will help consolidate the carriers. Airlines are cutting capacity to reduce costs, with around 20% gone already. Average flight movements are down to 8,000 a week compared to 10,500 in the period from April to June. The aviation industry in India is expected to post a collective loss of US$2 billion. One executive at Boeing, Dinesh Keskar , predicted the downfall to be brief. “The current downturn in the sector is temporary and may not prolong for more than 6 to 9 months,” he said. Airlines, however, feel that the risk is immediate; Jet and Kingfisher are requesting a government bailout package worth Rs 40.7 billion. Future scenario: The aviation industry is expected to grow at a compounded annual growth rate of 25% till 2010. Also, by 2010 Indian airports will be handling between 90 and 100 million passengers per year, as against the current 34 million passengers. It was expected that nearly the low cost carrier segment (LCC) will drive 80% of this growth. By 2008, the LCCs would capture 65% of the direct on-line air ticket market from 61% in 2005 . Indian carriers have 480 aircraft on order for delivery by 2012, which compares with a fleet size of 310 aircraft operating in the country today
  7. 7. Where do I fit into the picture? • Yes, I fit into the picture as a cabin crew because I have better control over my patience, I have positive attitude and I can handle any kind of situation. What is my feature in the aviation sector? • My future is to be in this industry, this industry is the one of the fastest growing industry in the world and I would like to be in this industry as far as I am fit and healthy, Few benefits I gained by doing this research? • Before doing, this project I did not had any knowledge of aviation industry after doing lot of research I got a sufficient amount of knowledge about this industry.

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