SpiceJet informed (26-May-2010) the Bombay Stock Exchange that the Board of Directors passed an enabling resolution to raise funds not exceeding USD75 million through any combination of instruments in India or abroad, subject to approval of the company's shareholders and regulatory consents. [more]
SpiceJet Board approves USD75 million fund raising proposal
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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.
Nothing is ever wholly predictable in India’s market, but the country does seem to have turned a corner. While domestic growth has surged, the addition of one more of India’s LCCs to international routes in 2017 will help promote the country’s international profile. As this rapid aviation growth occurs however, the inadequacy of India’s infrastructure is building to become a major stumbling block.
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.