Académique Documents
Professionnel Documents
Culture Documents
Executive Summary………………….….…….3
Advantage India……………………...….……..4
Growth Drivers…………………….................20
Opportunities…….……….......………………31
Industry Associations……………....…...…...33
Useful Information……….......……………….35
EXECUTIVE SUMMARY
India is set to become 3rd largest aviation market by 2020. Air passenger traffic in India (million)
By 2020, passenger traffic at Indian airports is expected to increase
500
to 421 million from 308.75 million in 2017-18.
400
421.00
300
200 308.75
100
0
FY18 2020F
Contribution of travel and tourism to India’s GDP is expected to Travel and Tourism Total Contribution to GDP* (US$ billion)
increase from US$ 234.04 billion in 2017 to US$ 251.64 billion in
2018. 600 CAGR 6.99%
The contribution is further forecasted to increase to US$ 492.21 400 492.21
billion by 2028F.
200 251.64
234.03
0
2017 2018E 2028F
Business and leisure travel to boost growth. Business and Leisure Travel Spending (US$ billion)
Spending on business travel is estimated to increase to US$ 216.94
600.00
billion in 2018 and US$ 24.41 billion in 2028F from US$ 11.61 billion
in 2017, while on leisure travel is forecast to rise to US$ 12.38 billion 400.00
432.35
in 2018 and US$ 432.35 billion in 2028 from US$ 201.71 billion in
200.00
2017. 201.71 11.61 216.94 12.38 24.41
0.00
2017 2018E 2028F
Note: *At real prices, E – Estimated, F – Forecasted, Conversion rate - US$ 1 = Rs 65.12 Leisure Travel Business Travel
Source: World Travel and Tourism Council, Airport Authority of India
ADVANTAGE INDIA
ADVANTAGE INDIA
Rising working group and widening middle class Growth in aviation accentuating demand for MRO facilities
demography is expected to boost demand
Expenditure in MRO accounts for 13-15 per cent of total
India plans to increase the number of airports to 250 revenues; it is the second-highest expense after fuel cost
by 2030 to cater to growing leisure and business
By 2020, the MRO industry is likely to grow over
travel
US$ 1.5 billion from US$ 0.95 billion in 2016-17.
Country will become the third largest aviation
market in terms of passengers by 2026.
ADVANTAGE
INDIA
India’s aviation industry is expected to The government has been encouraging
witness Rs 1 lakh crore (US$ 15.52 private sector participation
billion) worth of investments in the next
Foreign investment up to 49 per cent is
five years.
allowed under automatic route in scheduled
Growing private sector participation air transport service, regional air transport
through the Public - Private Partnership service and domestic scheduled
(PPP) route passenger airline.
Notes: FDI – Foreign Direct Investment, MRO – Maintenance, Repair and Overhaul; FY – Indian Financial Year (April – March)
Source: Ministry of Civil Aviation, MRO India
MARKET OVERVIEW
EVOLUTION OF THE INDIAN AVIATION SECTOR
India is the 9th largest civil aviation market in the world, In FY18, domestic passenger traffic witnessed a growth rate of 18.3 per cent
In FY18, airports in India witnessed a domestic passenger traffic of about 243.28 million people.
Investments worth US$ 6 billion are expected in the country's airport sector in 5 years
India’s civil aviation market is set to become the world’s third* largest by 2020 and expected to be the largest by 2030.
In-service fleet size of Indian airlines stood at 588 airplanes, as of May 2018.
Non-scheduled airlines in
39 111 (FY19^)
operation
Note: * India ranks after the US and China, FY – Indian Financial Year (April – March), mn km – Million Kilometers, FY19^ - as of May 2018
Source: Airports Authority of India, Ministry of Statistics and Programme Implementation, Ministry of Civil Aviation
Domestic airports
Non-operational (9)
(66)
120.00%
18.84% 21.21% 63.87% Airports Authority of India (AAI) was –
100.00% Activity in AAI airports -
shares (%) – FY18 • Established in 1994 under the
80.00% Airports Authority Act
81.16%
78.79%
Note: AAI – Airports Authority of India, JV – Joint Venture, FY – Indian Financial Year (April – March)
Source: Airports Authority of India
SpiceJet
Market share: 12.1 per cent
Passenger load traffic: 93.3 per cent
GoAir
Market share: 9.3 per cent
Passenger load traffic: 88.6 per cent
Jet Airways
Market share: 13.3 per cent
Passenger load traffic: 79.5 per cent
Jetlite
Market share: 1.7 per cent
Passenger load traffic: 79.6 per cent
Air India
Market share: 12.5 per cent
Passenger load traffic: 80.9 per cent
Indigo
Market share: 41.3 per cent
Passenger load traffic: 88.3 per cent
Note: Market Share and Passenger Load Data for the month of June 2018
Source: Directorate General of Civil Aviation
Delhi
Passenger traffic handled in
FY16: 48 million;
FY17: 57.7 million
FY18: 65.69 million
Apr-May 2018: 11.76 million
Kolkata
Passenger traffic handled in
FY16: 12.4 million;
FY17: 14.35 million
FY18: 19.89 million
Apr-May 2018: 3.64 million
Mumbai
Passenger traffic handled in;
FY16: 41.7 million;
FY17: 45.2 million
FY18: 48.50 million Hyderabad
Apr-May 2018: 8.46 million Passenger traffic handled in
FY16: 12.4 million
FY17: 15.24 million
FY 18: 18.16 million
Bengaluru Apr-May 2018: 3.47 million
Passenger traffic handled in
FY16: 19 million;
FY17: 22 million Chennai
FY18: 26.91 million Passenger traffic handled in
Apr-May 2018: 5.39 million FY16: 15.2 million;
FY17: 16.7 million
FY 18: 20.36 million
Apr-May 2018: 3.84 million
India’s passenger* traffic grew at 16.52 per cent year on year to Visakhapatnam
Passenger
port
* traffic
traffic (million)
(million tonnes)
reach 308.75 million. It grew at a CAGR of 12.72 per cent during
FY06-FY18.
350 #CAGR 12.72%
Passenger* traffic in India during Apr-May 2018 was 57.32 million.
Growth in passenger traffic has been strong since the new 300
308.75
millennium, especially with rising incomes and low-cost aviation.
264.97
250
more than that of Japan ( just under 225 million) and Germany ( just
over 200 million) combined.
223.62
200
India has become the third largest domestic aviation market in the
190.10
world and is expected to overtake UK to become the third largest air
169.03
passenger* market by 2025. 150
162.30
159.30
143.43
123.73
116.89
100
108.88
96.38
73.35
50
57.32
0
FY15
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY16
FY17
FY18
FY19^
Notes: CAGR – Compound Annual Growth Rate, FY – Indian Financial Year (April – March), *passenger – Domestic + International, #CAGR is till FY18, ^ - Till May 2018
Source: Association of Private Airport Operator, Airports Authority of India
65
45.88 million while international traffic stood at 11.44 million.
59
250 30%
Domestic passenger traffic grew YoY by 18.28 per cent to reach 243
243
million in FY18 and is expected to become 293 million in FY20E.
55
International passenger grew YoY by 10.43 per cent to reach 65 200 20%
206
51
million in FY18 and traffic is expected to become 76 million in
47
169
FY20E. 150 10%
41
43
38
51
34
47
122
117
30
100 0%
32
106
71 26
89
87
11
77
51 22
50 -10%
46
0 -20%
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Domestic International
Growth-Domestic Growth-International
Notes: E- Estimate, YoY – Year on Year, FY – Indian Financial Year (April – March), * - Till May 2018
Source: Airports Authority of India, Ministry of Civil Aviation
1,213
In the month of Apr-May 2018, domestic freight traffic stood at
3,000
215,000 tonnes while international freight stood at 374,000 tonnes .
1,123
By 2023, total freight traffic is expected to touch 4.14 million tonnes
1,046
2,500
986
exhibiting growth at a CAGR of 7.27 per cent between FY2016 and
852
812
840
FY23. In addition, international freight traffic is expected to grow at a
784
2,000
2,144
CAGR of 7.13 per cent while domestic freight traffic is expected to
689
1,855
grow at a CAGR 7.50 per cent between FY2016 and FY23.
568
552
1,658
1,500
530
1,542
1,496
1,468
1,440
1,407
484
1,271
1,000
1,149
1,147
1,023
920
215
500
FY19* 374
0
FY12
FY06
FY07
FY08
FY09
FY10
FY11
FY13
FY14
FY15
FY16
FY17
FY18
International( '000 Tonnes) Domestic ('000 Tonnes)
Freight traffic grew at a CAGR of 7.56 per cent during FY06-FY18 to Visakhapatnam
Freight traffic
port traffic
(million
(million
tonnes)tonnes)
from 1.40 million MT to 3.36 million MT. During Apr-May 2018, total
freight traffic handled stood at 0.59 million tonnes.
4.00 #CAGR 7.56%
Freight traffic on airports in India is expected to cross 11.4 million
tonnes by 2032. 3.50
Growth in import and export in India will be the key driver for growth
3.36
in freight traffic as 30 per cent of total trade is undertaken via 3.00
2.98
airways.
2.70
Airports across the globe are planning on increasing their spending 2.50
2.53
on new technology to keep up with surging passenger traffic, which
2.35
2.28
2.28
2.19
is expected to double to 370 million by 2020. The anticipated double 2.00
digit growth would make India as the world’s third largest aviation
1.96
market by 2020.
1.72
1.70
1.50
1.55
1.40
1.00
0.50
0.59
0.00
FY09
FY18
FY06
FY07
FY08
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY19*
Notes: FY – Indian Financial Year (April – March), #CAGR is up to FY18, FY19* - up to May 2018
Source: Airports Authority of India
Visakhapatnam
Aircraft port
movement
traffic (million
growth tonnes) Visakhapatnam
Total aircraft
port
movement
traffic (million
(million)
tonnes)
2.32
1,887
25%
15%
2,000 2.00
2.05
20%
1,502
1,481
1.80
15% 10%
1,500
1,260
1.50
1,235
1,201
1.60
1,165
1.54
1.54
1,094
1.48
10%
1,049
1,059
1,036
1.39
5%
1.33
1.31
1.31
1.31
1,000
862
5%
1.00
215 0%
0%
500
-5% 0.50
438
0.59
375
374
365
300
282
-5%
FY15 346
FY14 336
FY08 249
FY07 216
FY09 270
FY13 314
FY12 309
0 -10%
FY16
FY10
FY11
FY17
FY18
FY19*
0.00 -10%
FY12
FY07
FY08
FY09
FY10
FY11
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
International ('000) Domestic ('000)
Growth-International(%) Growth-Domestic(%) Aircraft movement Growth in Aircraft movement
Aircraft movement grew at a CAGR of 5.37 per cent from 1.31 million in FY07 to 2.32 million during FY18.
During FY07-18, domestic aircraft movement increased at a CAGR of 7.38 per cent, while international aircraft movement expanded at 6.64 per
cent CAGR over the same period. India’s domestic and international aircraft movements grew 14.40 per cent y-o-y and 9.40 per cent y-o-y to
1,886.63 thousand and 437.93 thousand during 2017-18, respectively.
During Apr-May 2018, domestic aircraft movement stood at 0.17 million while international aircraft movement stood at 0.04 million.
Notes: CAGR – Compound Annual Growth Rate FY – Indian Financial Year (April – March) YoY – Year on Year
Source: Association of Private Airport Operators, Airports Authority of India
Until 2013, AAI was the only major player involved in developing and upgrading airports in India
Post liberalisation, private sector participation in the sector has been increasing
Government of India has given ‘in-principle’ approval to 19 airports out of which 7 are going to be developed on a PPP basis with an investment of
Rs 27,000 crore (US$ 41.89 billion).
RECENT TRENDS
AND STRATEGIES
NOTABLE TRENDS IN THE AIRPORTS SECTOR
Currently, five international airports have been completed successfully under PPP mode
Rising private
Greater use of non- Rising business activity leading to higher demand for non-scheduled airlines
participation and
scheduled
Investmentsairlines As of May 2018, there are 111 operators (NSOP)
Indian airports are emulating the SEZ-aerotropolis model to enhance revenues; focus on revenues from
retail, advertising, vehicle parking, etc.
Risingon
Focus private
non-
participation and With the initiative of displaying “Art for a cause,” Nagpur airport became India’s 1st airport to take up the
aeronautical
Investmentsrevenue cause of empowering the girl child in a unique way.
Absence of complementary meals in low-cost airlines have boosted the F&B retail segment at airports
Notes: FY – Indian Financial Year (April – March), NSOP – Non Schedule Operators Permit
Source: DGCA
Expansion of CAPA; further, rise of LCC’s was also supported by the exit of Kingfisher, which is on the verge of
Rising private insolvency
Expansion
participation and Capacity will also increase with new terminals coming up in Mumbai, Bengaluru, Chennai and Kolkata
Investments Indian carriers to double their fleet capacity by 2020 to around 800 aircrafts
Indian LCC’S are looking forward to increase their ancillary services, without tampering their business models. This
includes services like lounge access, priority boarding, customer loyalty memberships and customer meals
Rising private
The AAI has allowed the BRTS buses to foray in the airport premises in Surat. The initiative is to allow the passengers
Ancillary services
participation and to reach airports on time and allow smoother transit.
Investments In April 2017, Indigo Airlines entered the record books by registering a record breaking 900 flights a day, most by any
Indian airline.
Indian LCC’s are looking forward to increase their low cost products on routes which will take up to four hours (shorter
Rising private international routes)
Increasing operations
participation and This will allow deleveraging of domestic fleet, increasing aircraft utilisation and improving commercial performance
Investments Chennai, with its strategic location in South India has a strong potential to become a hub, with connecting flights to
Gulf and across South East Asia
Under Union Budget 2018-19, the government introduced NextGen Airports for Bharat (NABH)-Nirman Scheme
which aims a five-fold increase in India’s airport capacity to handle a billion trips per year.
Rising private In June 2017, the government announced that it is planning to allow relaxations under the UDAN scheme hoping to
Government’s push
participation and increase air connectivity to undeserved routes. The airlines operators will be allowed to bid for a route connecting an
Investments airport which is underserved, and to allow operators to bid for a route which are separated by less than 150 kms.
In February 2018, the Prime Minister of India launched the construction of Navi Mumbai airport which is expected to
be built at a cost of US$ 2.58 billion. The first phase of the airport will be completed by end of 2019.
GROWTH DRIVERS
STRONG DEMAND AND POLICY SUPPORT DRIVING
INVESTMENTS
Growing
Growingdemand
demand Policy support
Strong Increasing investments
government
support
The share of travel and tourism in India’s GDP was 9.4 per cent in Visakhapatnam
Travel and tourism
portspending
traffic (million
(US$ tonnes)
billion)
2017; and is expected to grow at a CAGR of 7.5 per cent in 2018. It
is also expected to grow at 6.9 per cent per annum between 2018E -
250.0
2028.
216.9
Chennai (IT), Delhi (Manufacturing, IT) is likely to boost business 200.0
201.7
travel as well.
180.0
cent of direct Travel & Tourism GDP in 2017 US$ 201.7 billion 150.0
compared with 5.4 per cent for business travel spending US$ 11.6
billion
Leisure travel spending is expected to grow at 7.6 per cent in 2018 100.0
and rise to 7.1 per cent per annum between 2018E – 2028 while
92.7
90.2
business travel spending is expected to grow at 6.7 per cent in 2018
77.9
69.3
68.7
and rise to 7.0 per cent per annum between 2018E – 2028.
60.9
50.0
25.5
22.3
26.4
17.8
20.8
48.7
18.8
18.7
11.6
12.4
10.3
0.0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F
490.74
489.32
Growing trade augurs well for airports as they handle about 30 per
459.67
cent of India’s total trade (by value)
450.20
447.52
400
During April – June 2018, India’s merchandise exports and imports
380.60
380.38
369.77
stood at US$ 82.47 billion and US$ 127.41 billion, respectively.
300
314.41
309.56
305.96
303.69
302.84
300.40
288.37
274.65
FDI in aviation and
262.03
Increasing airline
249.82
liberalised aviation
127.41
operators 200
policy
185.29
178.75
82.47
100
Higher aircraft
movement
0
Notes: CAGR – Compound Annual Growth Rate, FY – Indian Financial Year (April – March), FY19* - April – June 2018
Source: Ministry of Commerce
AAI is going to invest Rs 15,000 crore (US$ 2.32 billion) in 2018-19 for expanding existing terminals and
Rising private constructing 15 new ones.
Rising
Greaterprivate
focus participation
on
participation and
and
infrastructure
Investments The Indian government is planning to invest US$ 1.83 billion for development of airport infrastructure along
Investments
with aviation navigation services by 2026.
With the opening of the airport sector to private participation, six airports across major cities are being
developed under the PPP model
Currently 60 per cent of airport traffic is handled under the PPP model, while the remaining 40 per cent is
managed by the AAI
In April 2017, Brussels Airlines launched its service from Brussels to Mumbai, its 1st flight to Asia. The
launch is a part of Lufthansa’s group strategy to expand its business in India.
In June 2018, India has signed an open sky agreement with Australia allowing airlines on either side to offer
unlimited seats to six Indian metro cities and various Australian cities.
Over 30 airport development projects are under progress across various regions in Northeast India
Rising private
AAI plans to develop over 20 airports in tier II and III cities in next 5 years
Northeast
participation
Indiaand
Investments The AAI plans to develop Guwahati as an inter-regional hub and Agartala, Imphal and Dibrugarh as
intra-regional hubs
Notes: India currently has bilateral air service agreements with 104 countries. These include Brazil, 27 members of the EU, and China. In 2008 traffic rights were been enhanced with
Mexico, Saudi Arabia, Netherlands, Qatar, Iran, Japan and Turkey, FDI – Foreign Direct Investment, GOI – Government of India
Rising private 100 per cent tax exemption for airport projects for a period of 10 years
Rising private participation
Taxes
participation
and duties
and Indian aircraft Manufacture, Repair and Overhaul (MRO) service providers are exempted completely from
and Investments
Investments customs and countervailing duties
In the Union Budget for FY18, Government of India, has earmarked US$ 100.4 million for Air India Limited.
Also, an amount of US$ 11.32 million has been allocated to Airports Authority of India for 2018-19.
The government has allocated a sum of US$ 32.44 million to Directorate General of Civil Aviation to
Rising private
implement various schemes.
participation
Budgetary and
support
Investments The government has also supported the Bureau of Civil Aviation Security with US$ 10.81 million to meet
their expenditure.
Allocation to Civil Aviation ministry has been tripled to Rs 6,602.86 crore (US$ 1,019.9 million) under Union
Budget 2018-19.
Notes: AAI – Airports Authority of India, DGCA – Directorate General of Civil Aviation, FY – Indian Financial Year (April – March)
Source: : Ministry of Civil Aviation
Rising private The AAI aims to bring around 250 airports under operation across the country by 2020
Metro
participation
airports and
The AAI has developed and upgraded over 23 metro airports in the last 5 years
Investments
The AAI plans to spend US$ 1.3 billion on non-metro projects over the 5 years (2013–17); mainly focusing
on the modernisation and upgradation of airports; New airports at Itanagar, Kohima and Gangtok are also
planned.
Rising private The Government of Andhra Pradesh is to develop greenfield airports in six cities-Nizamabad, Nellore,
Non-metro airports
participation and Kurnool, Ramagundam, Tadepalligudem and Kothagudem under the PPP model.
Investments
Upfront subsidy has been proposed through which non-metro airports would be funded by imposing 2 per
cent levy on both domestic and international airfares.
The GOI has allowed 100 per cent FDI under automatic route for greenfield projects, whereas, 74 per cent
FDI is allowed under automatic route for brownfield projects.
100 per cent FDI is allowed under automatic route in scheduled air transport service, regional air transport
Rising
Risingprivate
private service and domestic scheduled passenger airline. FDI over 49 per cent would require government
participation
participationand
Encouragement to FDI
and approval.
Investments
Investments
Approval of 49 per cent FDI in aviation for foreign carriers.
FDI inflows in India’s air transport sector (including air freight) reached US$ 1,608.51 million during April
2000 and December 2017.
Recourse to the Public Private Partnership (PPP) model has boosted private sector investments in airports
PPP route for five international airports (Delhi, Mumbai, Cochin, Hyderabad, Bengaluru) most noteworthy
• 74 per cent private share holding in IGI Airport (Delhi) - owned majorly by GMR (54 per cent), Fraport AG (10 per cent), Eraman Malaysia (10
per cent); rest of the shares owned by AAI
• 74 per cent private shareholding in CSI Airport (Mumbai) - owned majorly by GVK (50.5 per cent), Bid Services Division (Mauritius) Ltd. (13.5
per cent), ACSA Global (10 per cent); rest of the shares owned by AAI
• 74 per cent private shareholding in RGI Airport (Hyderabad) - owned majorly by GMR (63 per cent), Malaysia Airports Holdings Berhad (11 per
cent); rest of the shares owned by Government of India (13 per cent) and Government of Andhra Pradesh (13 per cent)
• 74 per cent shareholding in Kempagowda International Airport (Bengaluru) – owned majorly by Siemens Project Ventures, Germany (40 per
cent), Unique (Flughafen Zurich AG) Zurich Airport, Switzerland (17 per cent), L&T, India (17 per cent); rest of the shares owned by AAI (13 per
cent) and KSIIDC, which is an agency owned by the state of Karnataka, India (13 per cent)
• In March 2017, by selling off 2 offshore bonds, GMR plans to raise US$250-300 million for refinancing their debt. In June 2017, GMR
announced plans to refinance loans and divest assets in road and power sectors to cut debt so as to invest up to Rs 7,400 (US$ 1.15 billion)
crore to expand Delhi and Hyderabad airports.
Source: Notes: KSIIDC – Karnataka State Industrial and Infrastructure Development Corporation Ltd.
Delhi
PPP format likely to Bijapur Airport
(Modernisation, continue
Terminal 3)
Shimoga Airport
Terminal 3
construction in Delhi 15 greenfield projects with
Mumbai
completed in 2010 private sector participation Hassan Airport
(Modernisation)
Participation in has been approved in May
international 2015
airport projects
Gulbarga Airport
Presently India has 5 PPP airports each at Mumbai, Delhi, Cochin, Hyderabad and Bengaluru, which together handle over 55 per cent of country’s
air traffic.
Government of India has approved 15 greenfield PPP projects which are expected to increase the air traffic in India. These projects would be
setup in Goa, Navi Mumbai, Maharashtra, Bijapur, Gulbarga, Karnataka, Kerala, West Bengal, Madhya Pradesh, Sikkim, Puducherry and Uttar
Pradesh.
Government of Maharashtra has approved development of Nagpur airport on a PPP basis and allocated Rs 100 crore (US$ 15.45 million) for it in
State Budget 2018-19. The airport will be upgraded on a DBFOT basis with a private player operating it for 60 years.
Type of project/
Name of airport Operator Revenue sharing
PPP structure
Chhatrapati Shivaji Brownfield/BOOT 38.7 per cent of gross revenue to be shared with AAI
Mumbai International Airport Ltd (MIAL)
International Airport
Indira Gandhi Brownfield/BOOT 45.9 per cent of gross revenue to be shared with AAI
Delhi International Airport Ltd (DIAL)
International Airport
Rajiv Gandhi GMR Hyderabad International Airport Ltd Concession fees - 4 per cent of gross revenue to be
Greenfield/BOOT
International Airport (GHIAL) shared with AAI
Bengaluru Bengaluru International Airport Concession fees – 4 per cent of gross revenue to be
Greenfield/BOOT
International Airport Ltd (BIAL) shared with AAI
Notes: BOOT - Build Own Operate Transfer; BOO - Build Own Operate , DBFTO – Design Build Finance Operate Transfer
Source: Association of Private Airport Operators
OPPORTUNITIES
OPPORTUNITIES
Policy support and demand growth Huge potential to develop India as an Leverage on non-aeronautical
unlocking large investment potential MRO hub revenues, improved technology
Success of PPP formats will raise The Indian Aviation Industry aims to boost Airport developers can now draw on
investment in existing and greenfield MRO business in India, which was worth wider revenue opportunities such as
airports around US$ 950 million in 2016-17 and is retail, advertising and vehicle parking
estimated to grow over US1.5 billion by
Private sector participation in 6 existing Future operators will benefit from
2020
airports operated by AAI is likely to greater operational efficiency due to
increase investment opportunities for Indian airline companies spend over 13– satellite based navigation systems
airport sector 15 per cent of their revenues on like ‘Project Gagan’ which is in
maintenance, which is the 2nd highest development phase
Government of India has launched
cost component after fuel
NABH-Nirman Scheme which is aimed at
increasing India’s airports’ capacity. Inauguration of MRO facility at Hyderabad
According to various estimates, India in May 29, 2015 by Air India Engineering
will require investments worth Rs 3 - 4 Services Limited (AIESL) which is a 100
lakh crore (US$ 46.55 - 62.06 million) to per cent owned subsidiary of Air India
achieve a capacity for having a billion
trips per year.
Notes: ‘Project Gagan’ is directed towards transitioning from a ground-based navigation system to a satellite-based one. AAI and ISRO are jointly working on this. A Space Based
Augmentation System (SABS) will be operational by 2013,MRO – Maintenance, Repair and Overhaul
INDUSTRY
ASSOCIATIONS
INDUSTRY ORGANISATIONS
Address: Rajiv Gandhi Bhawan, Safdarjung Airport, Address: Aurbindo Marg, Opp. Safdarjung Airport,
Fax: 91 11 24629221
USEFUL
INFORMATION
GLOSSARY
• Purchasing Power Parity (used in calculating per-capita GDP – slide 12, GROWTH DRIVERS)
• Public Private Partnership (a type of joint venture between the public and private sectors)
Year INR INR Equivalent of one US$ Year INR Equivalent of one US$
2004–05 44.95 2005 44.11
2005–06 44.28
2006 45.33
2006–07 45.29
2007 41.29
2007–08 40.24
2008 43.42
2008–09 45.91
2009 48.35
2009–10 47.42
2010–11 45.58 2010 45.74
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information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
reliance placed or guidance taken from any portion of this presentation.