Factors Affecting the Performance of Aviation Sector in India
Volume III, Issue VI, 2020
Indian Civil Aviation is the world’s third-largest civil aviation market which was started way back in 1911. Air India is the key player and the national flag carrier of the country. Other airlines include Indigo, SpiceJet, GoAir, Vistara, and Air Asia India in order of their respective market share. Despite India being one of the biggest aviation markets in the world, many of its pockets remain untapped. Many tiers 1 and tier 2 cities of the nation are still not well connected via air.
Thus, the number of aircraft flying in the country is quite less in contrast with the enormous population of the country. To give a clear picture the total number of aircraft combined in India is lesser than the number of aircraft owned by one carrier in the United States.
For some people in India traveling via air is still a luxury. Low-cost carriers such as Indigo, GoAir, and AirAsia are trying hard to bring down the prices but due to the ever-increasing fuel prices and other operational expenses, they are still struggling to gain some ground. Jet fuel is heavily taxed in India which is one of the main reasons why flying is not so affordable here.