Turboprop manufacturers are increasingly looking to the emerging markets of India and China for new business. Indian infant low-cost carrier Kingfisher recently took delivery of its first ATR 72, part of an order for 35 aircraft with 20 options.
Between them orders from India’s Air Deccan and Kingfisher accounted for more than half of the orders ATR secured last year. The revival in fortunes of the turboprop industry that began over a year ago shows no sign of losing altitude. Regional turboprop services grew by 8% in 2005, says ATR, driven largely by soaring fuel prices that are rendering regional jets of comparative size increasingly uneconomic.
According to ATR chief executive Filippo Bagnato, in 2005 the manufacturer enjoyed its best year since 1989, with 90 orders and 26 options. “I am convinced last year’s turboprop sales were not a peak,” he says. “I believe 2005 was the beginning of a cycle.”
Barry McKinnon, vice-president of marketing and airline analysis at Bombardier, says that last year a large share of orders came from Asia, but warns that the US market should never be underestimated.
26/04/06 Airline Business/Flight International
To Read the News in full at Source, Click the Headline
Thursday, April 27, 2006
Home »
» Turboprops Gaining height
Turboprops Gaining height
Thursday, April 27, 2006
Related Posts:
Fares down, airlines hope to woo back passengersChandigarh With the airline companies slashing ticket fares across the country by 30 to 52 per cent, air travel from Chandigarh to different destinati… Read More
Indian Doctor helps deliver baby on trans-Atlantic flightIt's safe to say that Dr. Natarajan Raman, a radiation oncologist from Woodbury, doesn't usually get to deliver happy news like he did Wednesday morni… Read More
AI aims to win back market leadership: CMDNew Delhi: With Jet and Kingfisher striking an alliance, the fight among full service carriers of India had become rather dull as the national carrier… Read More
'Fares cut, why not surcharge'Mumbai: Aviation turbine fuel prices have hit the bottom of the barrel, at Rs 32-38 a litre it is at its lowest level in the last four to five years. … Read More
Kingfisher grounds 20% flightsBangalore: Kingfisher Airlines, India's second-largest airline, has slashed 20 per cent of its domestic flights and is now operating around 440 flight… Read More
0 comments:
Post a Comment