Incredible India and key aviation partners are among hundreds of international air transport organisations in Abu Dhabi this weekend, discussing the latest developments in the global aviation sector.
Spicejet, Indigo, Air India Express, Kingfisher, Jet Airways, the Airports Authority of India, Goa Airport, and Kolkatta International Airport are all in attendance, showcasing their latest products and developments at the 18th World Routes Development Forum.
Senior executives from these companies are rubbing shoulders with government ministers and aerospace leaders in an unparalleled environment which facilitates networking and learning this weekend.
Strengthened by the array of co-located activities taking place as part of the World Route Development Forum, the summit provides an exclusive arena which allows everyone to meet the people who are creating the future of air transport.
The future Indian aviation outlook certainly looks rosy for India.
According to Airbus’ latest market forecast, Indian carriers will require 1,043 new aircraft valued at US$145 billion between now and 2030 to satisfy surging annual demand.
India’s market for new aircraft makes it the world’s fourth largest in both number of aircraft and value.
Indian annual passenger traffic growth rates of 7.2 per cent are well above the regional Asia Pacific average growth rate of 5.9 per cent and the world average 4.8 per cent.
Of the requirement for 1,020 new passenger aircraft, some 860 will be for growth and 160 to replace the eldest aircraft in the existing fleet of 327.
By 2030, this means that India’s passenger fleet will more than triple to some 1,180 aircraft.
The new passenger aircraft include 646 single aisles like the A320 and A320neo Family, 308 twin aisles like the A350 XWB and A330, and 66 very large aircraft such as the A380.
Growing urbanisation and population concentrations combined with a growing middle class and dynamic economic growth are driving demand and this trend is expected to continue.
Despite near term challenges, the Indian economy is forecast to continue expanding, helping India’s growth in domestic air travel to reach even higher growth rates of nearly ten per cent annually, making it one of the fastest growing aviation markets anywhere in the world.
“By 2030, India’s economy is forecast to be the fourth largest in the world creating exceptional potential for growth in the aviation sector.
“Through our Indian industrial partnerships we are proud to boast that every A320 today is partly made in India,” said Kiran Rao, president of Airbus India.
Among some of the latest news from India, Air India became the fifth airline in the world to take delivery of the Boeing Dreamliner 787.
“The 787 will allow Air India to open new routes in a dynamic marketplace and provide the best in-flight experience for our passengers,” said Rohit Nandan, Air India chairman.
Air India follows in the footsteps of All Nippon Airways, Japan Airlines, LAN Airlines and Ethiopia Airlines.
This delivery is the first of 27 Dreamliners for Air India.
The airplane is equipped with 18 business class seats and 238 economy class seats.
The 787 has the range and capability to allow Air India to deploy the Dreamliner on many routes including the Middle East, Europe, Asia and Australia.
“We are pleased to celebrate another historic moment in our nearly seven-decade long relationship,” said Dinesh Keskar, senior vice president of Asia Pacific and India Sales for Boeing Commercial Airplanes.
“I am sure Air India and their customers will be thrilled to experience the revolutionary features on the 787, an airplane that will be the key focus of the airline’s turnaround plan.”
This is the latest coup for the Indian Government Tourist Office, which was named World’s Leading Tourist Board as well as being named World’s Leading Destination by the World Travel Awards in 2011.
Drawing on the success already achieved by the destination and its projected growth, later this the World Travel Awards Grand Final will be staged in Delhi later this year, drawing the heads of the global travel and tourism industry.
World Travel Awards president Graham Cooke said: “The selection of our hosts is fundamental to the success of our awards programme, and Delhi possesses all the ingredients to rise to the challenge of hosting our Grand Final.
“The ceremony also aims to highlight the growing contribution of travel and tourism to the Indian economy.
“The number of international tourists has doubled in less than a decade, and by 2015 the industry is expected to create an additional 25 million jobs in India.”