India News: The number of domestic air passengers in India is expected to reach 300 million by 2030, according to Union Civil Aviation Minister Jyotiraditya Scindia. India's aviation market still has untapped potential and the number of airports and waterdromes will increase in the country. With 300 million passengers a year in 2030, India's aviation penetration would be at 10-15%, making it one of the most under-penetrated markets across the top 20 in the world.
India has expanded its aircraft fleet, which has doubled over the past nine years, and has surpassed 700 aircraft, according to Jyotiraditya M. Scindia, the Union Civil Aviation Minister. Domestic air travel has surged by 130%, with over 145 million passengers. , Industry News, Times Now
India has expanded its aircraft fleet, which has doubled over the past nine years, and has surpassed 700 aircraft, according to Jyotiraditya M. Scindia, the Union Civil Aviation Minister. Domestic air travel has surged by 130%, with over 145 million passengers. , Industry News, Times Now
The rating agency said it is expecting the recovery process to remain subdued during the March quarter and that the jet fuel prices continue to be a drag on the sector.