Airlines target 2000 planes on roster
Indian airlines are targeting a fleet of about 2,000 aircraft in the next five to seven years as air travel booms, civil aviation minister Jyotiraditya Scindia said on Monday.
He said it was time for the country to look at the manufacturing of aerospace products as he highlighted the sector’s potential at an industry event.
Aviation consultant CAPA offered a flip side to the story: airlines in India would record a consolidated loss of $1.6 billion to 1.8 billion in the next financial year, it projected. The full-service carriers are expected to incur a $1.1-1.2 billion loss.
