The Indian civil aviation industry is set to attract an additional $250 billion by 2040, according to a latest report by CAPA India. The industry has attracted cumulative investments of $48 billion during the last 15 years. Over 90 per cent of incremental investments are expected on aircraft acquisition and airport development. By FY2040, India is expected to see its fleet increase by around 2500 aircraft and the construction of more than 50 new airports. Combined with investment in ancillary services such as ground handling, MRO and training, Indian aviation will require up over USD250 billion of capital expenditure over this period.