The airport will be built entirely on reclaimed land off the coast of the Palghar district, emerging as India’s first offshore aviation hub.
Indian Aviation Growth
The Asia-Pacific aviation market is set for one of the largest long-term fleet expansions worldwide, with Airbus projecting demand for 19,560 new aircraft through 2045.
Akasa Air (QP) is positioning itself for a significant expansion by tapping into the forthcoming green-field airports at Navi Mumbai International Airport (NMI) and Noida International Airport (DXN).
Southwest Airlines (WN) is establishing a global innovation centre in Hyderabad (HYD), reinforcing Telangana’s vision to become a trillion-dollar innovation-driven economy.
India is now the third-largest aviation market by passenger volume and is positioned for substantial long-term growth.
According to projections from the ACI, India will surpass China in air passenger traffic growth rate by 2026.