Offshore MRO providers expected to benefit most from Indian fleet expansion
Since 2005 the Indian aviation sector has seen an investment of over USD25 billion, of which almost USD17 billion was represented by aircraft purchases based on actual (as opposed to list) prices. Indian aviation will continue to invest heavily in equipment and over the remainder of this decade additional aircraft valued at close to USD80 billion are expected to be inducted. India's scheduled passenger airline fleet is forecast to grow from 430 aircraft today to almost 1030 by 2020. Meanwhile, the general aviation sector is expected to achieve even faster growth with the number of business jets, helicopters, turboprops and piston engine aircraft set to climb from 750 to 2000 over the same period.
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