- India is expected to be the third-largest aviation market by 2025
- Global carriers have been positive towards Indian market, therefore booming the domestic market
- India has been able to portray high passenger growth potential this year
Air Italy and WOW Air, two foreign carriers have started their inaugural flights to India. On international civil aviation day, both bands started their services.
Air Italy, a full-service carrier stated flights to Milan from Mumbai and New Delhi (non-stop) on Airbus 330-200 offering an arrangement of 24 business class and 228 economy class seats. Low-cost carrier WOW air, on the other hand, launched Delhi-to-Reykjavik no halter flight.
The reason behind air Italy’s turn towards Indian market was the expanding European tourism due to increased visitations by Indian tourists. Air Italy’s COO Rossen Dimitrov said that Italy is the second-most visited European destination for Indians
The airline is planning to have code-share agreement with Tata Group’s Vistara, to cover Indian cities. WOW air recently came with its first-ever direct flight between Iceland and India. It also caters one-stop service for its Indian passengers, connecting them to 13 North American destinations.
Also, Kuwait’s budget airline Jazeera Airways has recently announced adding New Delhi as it fifth visiting destination in India.
In a dull international aviation sector, there has been a subsequent increase in foreign airlines investing in India. What is the driving their interest? The answer could be the high passenger growth potential India has been able to portray, in relating to global carriers.
Calculating the growth in international passenger traffic for this year, has surpassed the growth graph for the preceding year. The flights that have seen the maximum traffic of international passengers were Delhi-Mumbai followed by the Delhi-Dubai flight
IATA, a global aviation body, concludes that Asia Pacific is not only the biggest aviation market in the world, but also the continuously expanding in terms of demand (6.7 percent in September) amongst its counterparts such as Africa, Latin America, Middle East, Europe, and North America.