About 80% of the new aircraft orders at Paris Air Show were placed by two Indian airlines. But behind the optimistic outlook for India’s aviation market lies a concern.
Indian air carrier, Air India, recently placed firm orders of over 200 jets with Boeing that include 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrow body aircrafts.
The order is expected to include popular A320neo family of planes including longer range A321XLRs, which will help expand its network into Europe and deeper into Southeast Asia.
Indian carriers now have the second-largest order book, with an over 6% share of the industry backlog, behind only the US, according to a 1 June report by Barclays.
IndiGo, India's largest airline by market share, placed order months after rival Air India announced it would buy 470 aircraft — 250 from Airbus & 220 from Boeing.
Akasa Air saw an increase of 0.8% from 4% to 4.8%. However, SpiceJet, which is struggling with financial woes and grounded aircrafts, saw its market share fall to 5.4% in May from 5.8% in April.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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