Tag Archives: Indian aviation

According to RBI, “40 scheduled banks have cumulatively doubled their lending to the aviation sector in January at ₹45,076 crore, as against ₹23,407 crore three years ago. Investments from other sources stood at ₹27,824 crore in January 2023, up 62% year-on-year, and continued to rise gradually during FY24. Industry analysts attribute this surge in investments to the following factors, among others.”

Minister of State, MoCA, Gen. (Dr) V. K. Singh (Retd) said, “Before Covid-19 pandemic, India was one of the fastest growing aviation market in the world. During the six-year period i.e. 2014-15 to 2019-20, Indian airports witnessed robust double-digit Compound Annual Growth Rate of 12.4% in terms of total passenger traffic. Post-Covid, Indian aviation industry is again on the growth trajectory and the total passenger traffic has recovered to the tune of 96% during 2022-23, as compared to pre-covid.”

`In its latest analysis on the impact of COVID-19 on the aviation industry, CAPA India has said that the government and industry will need to collaborate to rethink and redesign aviation sector to emerge from the crisis and move towards a sustainable future. The report explains, “The current crisis should be used to initiate structural changes for the long-term viability of the sector. The industry will need to make some hard choices. Airlines will need to restructure their businesses to become leaner and reduce costs, whilst also increasing the strategic deployment of technology and analytics to enhance revenue and improve efficiency.”