Eight of the top ten fastest-growing major airlines during the first half of the year were low-cost carriers, new research by Routesonline has found, with an Indian operator leading the way.
This week: Royal Air Maroc eyes US expansion; BRICS aviation agreement; Ethiopian Airlines forms new cargo business; financial results from Singapore Airlines, Lufthansa, WestJet and Indigo.
China Southern Airlines, Shandong Airlines and Jeju Air are the latest carriers to register for the only route development event dedicated to the Asia-Pacific region.
In the international market IndiGo is currently ranked as India’s sixth largest carrier behind local operators Jet Airways, Air India, low-cost carrier Air India Express and Gulf giants Emirates Airline and Etihad Airways. It will this year hold a 4.1 per cent share of international capacity from India, based on published schedules, up from 3.2 per cent in 2016.
Huge aircraft orders, the removal of dated regulations and a growing middle class who are eager to travel are all helping to bring India to the forefront of the aviation market. Passenger numbers are growing at a faster rate than the rest of the world, as India is on course to become the largest market by 2030.
The International Air Transport Association (IATA) has called for a comprehensive policy for aviation aligned with India’s government’s stated intention to make it easier to do business in India.
