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'Massive Opportunities' In Vibrant Indian Aviation Market, Says IATA
India’s aviation market is growing fast globally and Air India has embarked on an ambitious strategy of expansion, while IndiGo is setting up more international destinations
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The International Air Transport Association (IATA) Director General Willie Walsh on Monday underlined the ‘massive opportunities’ in the Indian aviation sector.
Underscoring the importance of the Indian market Walsh said that the CEOs of two Indian airlines were on the Board of Governors (BoG) of IATA, a first-of-its-kind that reflects the 'n' number of opportunities and vibrancy in Indian aviation.
On Monday, IATA announced that Elbers is to chair the BoG in June next year.
Air India CEO and Managing Director, Campbell Wilson and IndiGo CEO, Pieter Elbers are among the 31 airline CEOs on the BoG.
India’s aviation market is growing fast globally, and Air India has embarked on an ambitious strategy of expansion, while IndiGo is setting up more international destinations.
Earlier this year, Air India’s 470 planes ordered with Airbus and Boeing marked a historic chapter in aviation.
Considering the domestic routes, Indian carriers carried 5.04 crore passengers during the January-April period this year, as against 3.53 crore in the year-ago period, recording an annual growth of 42.88 per cent, as per the latest official report.
Meanwhile, at the media briefing, Walsh said airfares are usually high due to factors outside airlines controls which include taxes and airport charges.
The IATA Director General was responding on high airfares in the country.
About India's role in reducing carbon emissions, Walsh said, it has been a long-standing decision along with India and many other countries highlighting the need to reflect differentiated responsibilities.
Last month, the Centre said the International Civil Aviation Organisation (ICAO) will be guided by "common but differentiated responsibilities" to achieve net zero carbon emissions for the aviation sector.
Earlier, Civil Aviation Secretary Rajiv Bansal had also said at an ICAO symposium that based on realities and infrastructure constraints, our country is set to achieve a net zero emissions by 2070.
He further said that the transition towards a lower carbon and sustainable aviation fuel (SAF) will be significant in achieving the net zero target by 2050.
With respect to SAF, Walsh asserted that there cannot be a mandatory rule for something that does not exist.