India's Minister of Civil Aviation Ajit Singh expressed (21-Sep-2012) concern over the financial health of airline carriers in India despite the high growth rate of passengers. Stating that the approximate losses of airlines in financial year 2011-12 have been over INR100 billion (USD1.87 billion), the Minister said "one of the major challenges of the air traffic industry in India is the high and growing debt burden of the carriers". He said nearly half of the debt is aircraft related and the rest is accounted for by working capital loans, dues to airport operators and fuel companies. Mr Singh said while there are number of structural factors responsible for this phenomenon, the operating cost environment is adversely impacting the financials of the airline sector. [more - original PR]
India's Minister of Civil Aviation expresses concern over financial state of sector
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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.