In the regulatory release on 4th January 2024, the DGCA disclosed that scheduled operators introduced 112 aircraft in 2023, a substantial uptick from the 81 aircraft added in 2022, reflecting a remarkable 38% increase.
In 2023, Indian domestic airlines witnessed a substantial surge in aircraft induction, marking a 51% annual increase with a total of 133 planes. This expansion, fueled by the airlines’ efforts to meet the growing passenger demand, is indicative of a robust aviation sector. Among these additions, 21 aircraft were acquired through wet lease arrangements. The Directorate General of Civil Aviation (DGCA), recognizing the momentum in aircraft inductions, has affirmed its commitment to enhancing regulatory capacities to expedite approvals. This strategic move aligns with the anticipation of continued growth in aircraft induction throughout 2024.
In the regulatory release on 4th January 2024, the DGCA disclosed that scheduled operators introduced 112 aircraft in 2023, a substantial uptick from the 81 aircraft added in 2022, reflecting a remarkable 38% increase. When factoring in the 21 wet/damp lease aircraft, the total induction rose to 133, a significant 51% surge compared to the preceding year. This surge underscores a strategic capacity enhancement in response to the burgeoning aviation market.
The heightened induction of planes has yielded dual benefits: an expanded network coverage contributing to enhanced connectivity and, notably, lower fares during peak travel seasons. This development aligns with India’s status as one of the world’s fastest-growing civil aviation markets.
Air India and IndiGo, in a forward-looking move last year, collectively placed orders for 970 planes, indicating a sustained commitment to fleet expansion. As of December 31, 2023, the DGCA reported a total of 16 Air Operator Certificate (AOC) holders with endorsements for 771 aircraft, further underlining the vibrancy of the aviation sector.
Simultaneously, the DGCA’s proactive surveillance activities throughout 2023, totaling 5,745, underscore a commitment to safety and compliance. These activities encompassed 4,039 planned surveillance initiatives, 1,706 spot checks, and night surveillance. The outcomes of these efforts translated into 542 enforcement actions, emphasizing the regulator’s dedication to upholding standards.
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This surge in aircraft inductions not only reflects the robust growth of the Indian aviation sector but also holds promising implications for the Indian Maintenance, Repair, and Overhaul (MRO) market. As airlines expand their fleets, the demand for MRO services is expected to rise, presenting opportunities for the development and growth of this crucial sector in the aviation industry. The simultaneous focus on regulatory enhancements positions India’s aviation sector for sustained and efficient growth in the coming years.
