SP's Airbuz - - News Briefs -

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.

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