Jyotiraditya Scindia unveils Air India Airbus A350 at Wings India 2024
AVIATION & AIRPORTS

Jyotiraditya Scindia unveils Air India Airbus A350 at Wings India 2024

During the Wings India 2024 event in Hyderabad, the Air India Airbus A350 was unveiled by Union Civil Aviation Minister Jyotiraditya Scindia. Emphasising the government's ambitious goals, he stated the aim to elevate India to the position of the third-largest global market in both domestic and international civil aviation.

According to the minister, India currently ranks as the 7th largest international aviation market and the 5th when combining domestic and international capacities. Expressing determination, he declared the government's resolution to transition from the fifth-largest to the third-largest in the world in both domestic and international civil aviation.

Highlighting the significant developments in the civil aviation sector over the last decade, Minister Scindia remarked on the democratisation of the industry. Discussing the surge in domestic passenger traffic, he noted the impressive growth from 60 million to 145 million, with the previous year closing at 152 million.

Pointing out India's substantial compound annual growth rate (CAGR) of nearly 15 percent over the past ten years, the minister projected a target of achieving a 300 million domestic aviation market by 2030, signifying a doubling from current levels.

During the press conference, Minister Scindia also addressed Akasa's noteworthy order of 150 Boeing aircraft. Describing it as the first order signed on Indian soil, he provided additional context by mentioning the existing 22 aircraft in Akasa's fleet and the 54 awaiting delivery. He also highlighted the significance of international orders, specifically citing the orders placed by Air India and IndiGo with Airbus and Boeing for 500 and 470 aircraft, respectively.

During the Wings India 2024 event in Hyderabad, the Air India Airbus A350 was unveiled by Union Civil Aviation Minister Jyotiraditya Scindia. Emphasising the government's ambitious goals, he stated the aim to elevate India to the position of the third-largest global market in both domestic and international civil aviation. According to the minister, India currently ranks as the 7th largest international aviation market and the 5th when combining domestic and international capacities. Expressing determination, he declared the government's resolution to transition from the fifth-largest to the third-largest in the world in both domestic and international civil aviation. Highlighting the significant developments in the civil aviation sector over the last decade, Minister Scindia remarked on the democratisation of the industry. Discussing the surge in domestic passenger traffic, he noted the impressive growth from 60 million to 145 million, with the previous year closing at 152 million. Pointing out India's substantial compound annual growth rate (CAGR) of nearly 15 percent over the past ten years, the minister projected a target of achieving a 300 million domestic aviation market by 2030, signifying a doubling from current levels. During the press conference, Minister Scindia also addressed Akasa's noteworthy order of 150 Boeing aircraft. Describing it as the first order signed on Indian soil, he provided additional context by mentioning the existing 22 aircraft in Akasa's fleet and the 54 awaiting delivery. He also highlighted the significance of international orders, specifically citing the orders placed by Air India and IndiGo with Airbus and Boeing for 500 and 470 aircraft, respectively.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?