With 1,080 aircraft orders, India to be 3rd largest buyer of
passenger planes There are an estimated 480-odd aircraft in the country at present. MUMBAI: With over 1,000 aircraft set to be on order, India is poised to become the third-largest buyer of commercial passenger planes in the world, with only the US and China ahead of it. The aircraft order book of the Indian airline industry will soon touch 1,080, which would mean that for every aircraft in service, there will be 2.2 aircraft on order, said a report released by the Centre for Asia Pacific Aviation (CAPA), a Sydney-based aviation think tank. There are an estimated 480-odd aircraft in the country at present. Currently, a total of 880 aircraft are on order, with most of the orders placed by low-cost carriers such as IndiGo and SpiceJet. In the coming weeks, full service carriers Jet Airways and Vistara are expected to add to the tally and take the total order placed by Indian carriers to a four-digit number. The 2.2 ratio would be the highest of any major aviation market in the world. But what should have the government and airport operators worried is that of the expected 1,080 aircraft, more than 700 are scheduled for delivery within the next decade, and 400 within the next five years. This excludes orders yet to be placed and equipment to be taken on lease. |
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