Indian Airlines Seek $50-bn Funding to Buy Planes for the Next 10 Years.
Indian Airlines, which have placed large aircraft purchase orders, the carriers will require an estimated $50 billion of financing to support projected deliveries until 2027 a report said.
With a total of 1,055 aircraft on order, as many as 100 planes consisting of wide-body, narrow-body and regional ones are to be delivered to Indian carriers each year for the next five years, said the report by Sydney-based aviation think-tank Centre for Asia Pacific Aviation (CAPA Stating that the unexpected recovery in Indian aviation since 2014 has changed the dynamics of the market and the demand for aircraft, the CAPA said,
"Positive market conditions have led Indian carriers to place bets on expansion on an unprecedented scale, with as many as 723 aircraft ordered since 2014 and more orders expected."
Its an unexpected recovery in Indian aviation since 2014. Represents, good growth of 8-10 percent per annum in recent years creating many career opportunity in the Airlines industry. source: economictimes