The Indian aviation sector has experienced unprecedented growth in recent years, solidifying its position as one of the fastest-growing markets globally. As the country's economy continues to expand and incomes rise, more and more Indians are taking to the skies, driving the demand for air travel to new highs.
According to the latest data, the total passenger capacity of Indian airports has reached an astounding 230 million in 2024, double the figure recorded just a decade ago in 2014, domestic passenger volume projected to reach a staggering 300 million by 2030. This remarkable surge in capacity has been fueled by massive investments and expansion initiatives undertaken by both private and public players in the industry.
The optimism surrounding India's aviation growth is further bolstered by the staggering aircraft orders placed by the country's leading airlines. As of 2024, domestic carriers have a combined order book of 1,620 aircraft, with the number expected to reach 2,000 by March 2025. This unprecedented demand for new planes underscores the industry's confidence in the continued rise of air travel in the country.
Leading the charge is Air India, which has placed an order for a staggering 470 aircraft, with an additional 370 aircrafts options on the way. Not to be outdone, IndiGo, India's largest airline, has ordered 500 Airbus A320 aircraft and 30 wide-body A350s, while the newly launched Akasa Air has placed an order for 150 Boeing 737 MAX jets.
The industry's growth also has significant implications for the job market. Industry experts estimate that the current expansion will create around 38,000 aircraft maintenance personnel jobs, providing a much-needed boost to the country's employment landscape.
The future of Indian aviation looks brighter than ever. With Airbus set to deliver 900 aircraft to IndiGo by 2035 and the industry's unwavering commitment to infrastructure development, the skies above India are poised to become even more crowded in the years to come.
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