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Essay On Civil Aviation Industry

1665 Words7 Pages

The civil aviation industry in India is on a steep growth trajectory, although with minor bottlenecks. Going by just the market size, the Indian civil aviation industry is among the top 10 largest aviation market in the world with a revenue size of around $16 billion. India has the potential of becoming the 3rd largest aviation market in the world by the year of 2020 and is expected to be the largest by 2030 even going past China and US.
Despite the fact that in the past few years, the aviation industry has seen lower growth rate akin to the slowing economy of India. The Civil Aviation Industry in India is going through a new era of expansion primarily driven by factors such as Low Cost Carriers (LCC), Foreign Direct Investments (FDI) in domestic airlines, modern airports, opening up of aerodromes and air strips across the country emphasizing regional connectivity and modern age …show more content…

The 40% middle class population have the aspiration to fly but only 0.5% of Indians have used flight as a means of transport. This shows a huge market potential waiting to be tapped. It is critical for the stakeholders in the industry to collaborate and engage with policy makers to come up with decisions which are efficient and rational. This will shape the future of Indian civil aviation industry in a constructive manner. Right policies and a relentless focus on quality, passenger interest and cost, would be well placed to achieve India’s vision of becoming the 3rd largest aviation market by 2020.
PESTEL ANALYSIS OF AVIATION INDUSTRY:
When we think of airlines, we usually think of luxury and opulence as well as comfort and convenience. However, beneath the veneer, the airlines worldwide are caught in a cycle of higher operating costs, lower profits, and decreasing margins because of the various factors.. The PESTEL tool is a useful tool to analyze the current state of the airline industry.

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