India's Minister of Civil Aviation Ajit Singh stated (03-May-2012) that based on returns filed by airlines with Directorate General of Civil Aviation (DGCA), all scheduled airlines operating in the country except IndiGo are incurring losses. The total operational losses for all the airlines for the period 2008-09, 2009-10 and 2010-11 was approximately INR190 billion (USD3.56 billion) with a INR100 billion (US1.87 billion) loss anticipated in 2011-2012. The Minister further informed there is no proposal to provide incentives to private airlines. However, a Ministerial Working Group has been constituted under the Chairmanship of Secretary Ministry of Civil Aviation to identify the factors causing stress in civil aviation and suggest solutions to the same. The recommendations made by the Working Group include rationalisation of Value Added Tax (VAT) on Aviation Turbine Fuel (ATF), permission to foreign airlines to invest in the domestic airlines, allow airlines to import ATF directly for their own consumption, revision of fare structure by airlines so that costs of operations are covered. [more - original PR]
Indian airlines expected to report USD1.87bn loss in 2011-2012, all loss-making except IndiGo
You may also be interested in the following articles...
India is driving expansion in South Asia
Aviation activity in South Asia in 2017 is expected to be dominated once again by India, currently the fastest growing large market in the world. As India goes through one of the brightest periods of its economic and aviation growth, the prospects look more positive for sustainable growth than recent history has delivered.
Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.