Even while rising oil costs and the war in Ukraine may have an influence on the broader aviation market, India’s civil aviation sector is expected to soon recover from the Covid-19 problem, according to a top Airbus executive.
Airbus India and South Asia President and MD Remi Maillard predicts that domestic traffic in India would fully return by the middle of this year, while foreign traffic will resume by the next year.
“The Covid problem has had a huge impact on India’s aviation industry and air travel.”
” We see traffic improving as a result of strong demand,” he said, applauding the Civil Aviation Ministry’s decision to reopen to foreign traffic on March 27.
In response to a question concerning rising oil prices and the Ukraine conflict, he acknowledged that both crises will have an influence.
He stated that the globe is confronting challenges in terms of security and defence and that these issues are affecting and will continue to affect the aviation and aerospace industries.
"The crises that we are seeing will have an influence," he said, "but I am also certain that aviation will continue to be a great force to unify people and to drive the economy of all countries."
India will require 2,210 new aircraft over the next 20 years, according to Airbus.
According to Airbus officials, India’s aviation traffic has increased by 9% in the last 20 years, establishing the country as the world’s third largest domestic market.
In the next 20 years, they believe India will be able to reproduce this performance in the worldwide market.
- The A350 aircraft is on display at the airshow, and Airbus believes that this most modern and economical aircraft will play a critical role in revolutionising long-haul commercial aviation in India.
- India has only 57 wide-body aircraft in its airline fleet, compared to 458 in China and 686 in the United States, according to business authorities.
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