WEEKLY DELIVERY OF AIRCRAFT BY AIRBUS
India is amongst the fastest growing aviation markets in the world with an annual traffic growth well above the world average of 4.6 per cent. Airbus forecasts the requirement in India for over 1,600 passenger aircraft in the next 20 years. While growth prospects are immense, the country is primarily a single-aisle, narrow-body airliner market, thanks to the success and growth of low-fare carriers, which carry 60 per cent of the domestic traffic. Today, over 220 Airbus aircraft are operational in India with the different carriers. In all, there are 400 aircraft in service with Indian carriers, of which Airbus holds a 56 per cent in-service India fleet share and a worldwide share of 60 per cent in the single-aisle A320neo aircraft spread alone. Airbus’ share of in-service aircraft and aircraft on order in India is 70 per cent. European aviation giant Airbus has reposed new faith in India’s blooming airline space, on average delivering one aircraft every week to carriers in the market, through the next ten years.