financetom
Business
financetom
/
Business
/
India to add 1,000 aircraft in 7-8 years, says aviation secretary R N Choubey
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India to add 1,000 aircraft in 7-8 years, says aviation secretary R N Choubey
Jan 15, 2019 8:59 AM

The country is going to add 1,000 aircraft over the next 7-8 years, civil aviation secretary R N Choubey said on Tuesday.

India is the fastest growing domestic aviation market and has been registering double-digit growth for more than 50 consecutive weeks.

Choubey said the country is an aviation locomotive for the world and provides humongous opportunities for players across the globe to grow.

"We would be adding about 1,000 more aircraft in about next 7-8 years," Choubey said, adding that the country would also be having 100 more airports and one billion trips in the next 15 years.

Scheduled domestic carriers have more than 600 planes in their fleets, according to the vision document released by the civil aviation ministry on Tuesday.

The domestic aviation has been growing at 20 percent every year for the last four years and the growth has been sustained, Choubey said.

"This growth is going to be there for at least 20 more years, if only the oil prices behave," he said at the Global Aviation Summit organised by industry body Ficci.

He also said the government is committed to ensuring that nothing would come in the way of this growth, not even the infrastructure-related issues.

First Published:Jan 15, 2019 5:59 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Factbox-How hard have US agencies been bit by Trump and Musk's layoffs?
Factbox-How hard have US agencies been bit by Trump and Musk's layoffs?
Feb 14, 2025
(Reuters) - U.S. President Donald Trump and billionaire Elon Musk, one of his closest advisers, have mounted a sweeping campaign to slash the size of the 2.3 million-strong federal workforce, firing at least 9,500 employees this week in an unprecedented effort that shows no sign of slowing. The layoffs were primarily aimed at workers with less than a year of...
Pentair Insider Sold Shares Worth $706,608, According to a Recent SEC Filing
Pentair Insider Sold Shares Worth $706,608, According to a Recent SEC Filing
Feb 14, 2025
05:59 PM EST, 02/14/2025 (MT Newswires) -- Stephen J Pilla, Executive Vice President, Chief Supply Chain Officer and Chief Transformation Officer, on February 14, 2025, sold 7,200 shares in Pentair ( PNR ) for $706,608. Following the Form 4 filing with the SEC, Pilla has control over a total of 26,002 common shares of the company, with 21,723 shares held...
Zevra Therapeutics Insider Sold Shares Worth $727,390, According to a Recent SEC Filing
Zevra Therapeutics Insider Sold Shares Worth $727,390, According to a Recent SEC Filing
Feb 14, 2025
05:56 PM EST, 02/14/2025 (MT Newswires) -- Neil F. McFarlane, Director, President and CEO, on February 13, 2025, sold 91,817 shares in Zevra Therapeutics ( ZVRA ) for $727,390. Following the Form 4 filing with the SEC, McFarlane has control over a total of 191,516 common shares of the company, with 191,516 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1434647/000143774925004067/xslF345X05/rdgdoc.xml ...
Brazil's Raizen swings to loss in Q3 of the 2024/25 crop
Brazil's Raizen swings to loss in Q3 of the 2024/25 crop
Feb 14, 2025
SAO PAULO, Feb 14 (Reuters) - Brazilian sugarcane processor Raizen posted on Friday a 2.57 billion real ($450.5 million) net loss in the third quarter of the 2024/25 crop, compared with a profit of 793 million reais in the same period a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 3.12 billion reais in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved