The Growth of the Aviation Industry
Category : BUSINESS Author : Eron Quadros Date : Wed Jun 13 2018 Views : 26
The Indian Aviation Industry is one of the best in the world in terms of growth with private airlines covering almost 3/4th of the domestic and international aviation market and also with the commencement of the low cost carriers.
The Indian aviation market has been the one of strongest and one of the largest in the world from the year 2012 to 2017. The aviation industry in India have witnessed a consistent growth trend and domestic passenger growth rate of 22.3% for the last five years. The Indian Airline Industry is estimated to see an investment of US$25 billion in the next decade, and traffic growth of 13%.
To move onto the global aspect, the airline industry is a very challenging market, in the last two decades the airline industry has had a tremendous growth and exploring routes domestic and globally. The four airlines which initially started and are still existing are KLM which is from the Netherlands, Avianca airlines from Columbia, Qantas from Australia and Czech Airlines from Czech Republic.
The airline industry can be divided into four different and main Operations which are:-
- International : This type of operation can take more than 300 passengers and can take anywhere in the world from one country to another. In this area of operation the business have its revenue of at least US$1 Billion
- National : In this type of operation, airlines can take the passengers ranging from 180-220 and the business have its revenue from US$100 Million to $1 Billion
- Regional : In this type of operation small airlines mainly focus on the flights with quick halts and nearby destinations and the revenue of this business is less than US$100 Million.
- Cargo : The main focus of these airlines is to carry goods from one place to another or from one country to another.
Overall, a tremendous growth has been analyzed by the introduction of low cost carrier aircrafts (LCCs), which currently hold around 1/4th of the global market and which have a continuous growth in the global market and countries like India where customers prefer the cheapest ticket to travel within the country.
The Indian Aviation Industry is one of the best in the world in terms of growth with private airlines covering almost 3/4th of the domestic and international aviation market and also with the commencement of the low cost carriers.
The Indian aviation market has been the one of strongest and one of the largest in the world from the year 2012 to 2017. The aviation industry in India have witnessed a consistent growth trend and domestic passenger growth rate of 22.3% for the last five years. The Indian Airline Industry is estimated to see an investment of US$25 billion in the next decade, and traffic growth of 13%.
To move onto the global aspect, the airline industry is a very challenging market, in the last two decades the airline industry has had a tremendous growth and exploring routes domestic and globally. The four airlines which initially started and are still existing are KLM which is from the Netherlands, Avianca airlines from Columbia, Qantas from Australia and Czech Airlines from Czech Republic.
The airline industry can be divided into four different and main Operations which are:-
- International : This type of operation can take more than 300 passengers and can take anywhere in the world from one country to another. In this area of operation the business have its revenue of at least US$1 Billion
- National : In this type of operation, airlines can take the passengers ranging from 180-220 and the business have its revenue from US$100 Million to $1 Billion
- Regional : In this type of operation small airlines mainly focus on the flights with quick halts and nearby destinations and the revenue of this business is less than US$100 Million.
- Cargo : The main focus of these airlines is to carry goods from one place to another or from one country to another.
Overall, a tremendous growth has been analyzed by the introduction of low cost carrier aircrafts (LCCs), which currently hold around 1/4th of the global market and which have a continuous growth in the global market and countries like India where customers prefer the cheapest ticket to travel within the country.
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