India is now world’s 3rd largest domestic aviation market, next to US & China

India has now turn into the world’s third-largest domestic aviation market after the U.S. and China, as airways akin to IndiGo and Air India have expanded their fleet dimension to cater to the surge in air passengers, in accordance to knowledge compiled by aviation analytics agency OAG.

The knowledge present India’s domestic airline capability doubled within the final 10 years from 7.9 million seats in April 2014 to 15.5 million in April 2024 to surpass Brazil and Indonesia and transfer up from the fifth place.

India has changed Brazil, which now stands on the fourth place with 9.7 million airline seats adopted by Indonesia in fifth rank with 9.2 million.

India has additionally posted the very best annual common capability development charge of 6.9 per cent during the last decade among the many high 5 nations, adopted by China at 6.3 per cent and the US at 2.4 per cent.

IndiGo and Air India, which collectively have greater than 1,000 planes on order, account for 9 of 10 domestic seats within the nation.

According to OAG, India’s transition to low-cost carriers (LCCs) has been the sharpest among the many high 5.

In April 2024, LCCs accounted for 78.4 per cent of Indian domestic capability, adopted by Indonesia at 68.4 per cent, Brazil at 62.4 per cent, the US at 36.7 per cent, and China at 13.2 per cent.

(With inputs from IANS)