India's Minister of Civil Aviation Ajit Singh stated (09-Oct-2012) air transport in India has witnessed unprecedented growth in the recent past. During the last 10 years, the compounded annual growth rate of passenger traffic has been approximately 15%. He noted a "key trend in the business model of the Indian Carriers in the domestic operations is that domestic traffic is rapidly shifting to Low Cost Carrier model". From a level of around 1% in 2003-2004, the market share of LCC including the LCC arm of full service carriers is today exceeding 70% of the total domestic traffic. In terms of current traffic, Mr Singh reported a 5.4% year-on-year increase international traffic in the eight months to Aug-2012 to 23.3 million. However, domestic traffic remained stable in the period, at 39.82 million passengers, compared to 39.63 million in the eight months to Aug-2011. He added aviation has been identified as "one of the most important growth engines essential for the fast economic growth of the country, besides providing air transport for passengers and goods". [more - original PR]
India's Civil Aviation Minister notes unprecedented growth of aviation, LCC exceeds 70% domestically
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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.
Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines. In 2017 those profit levels may be eroded as oil prices creep back up, economies falter and political uncertainty abounds over matters such as ‘Brexit’ and the election of a new and unpredictable US president – along with the prospect of greater levels of protectionism and threats to open skies agreements. All of which, of course, must impact on airports.
Perhaps nothing sums up this political uncertainty more than the ‘decision’ made – at length – by the British government that London Heathrow Airport will be expanded by the addition of a single runway, and which is not a decision at all. It must be rubber stamped by MPs by Dec-2017 and there is no ‘certainty’ about that. On a potentially more positive note however, Donald Trump’s election as US President could generate new, much need investment in US airport infrastructure.