Booming aviation industry attracts global players

New Delhi: The Indian civil aviation industry, which is forecast to log robust double-digit growth for the next five years, has emerged as a hotspot for global players - thanks to the entry of a host of low-cost carriers, mega mergers, orders for over 400 new aircraft by airlines and grand airport modernisation plans.
From global aircraft manufacturers to airport managements, and training academies to in-flight entertainment companies, there has been a beeline to grab a share of the opportunities that are being thrown by the exploding Indian skies.
Statistics compiled by Airbus Industrie showed that Indian carriers accounted for 327 out of the 2,140 firm orders for new aircraft that were placed with it and rival Boeing in 2005.
This does not take into account the orders placed for smaller airplanes with other manufacturers like ATR and Dassault - which, too, are flooded with offers from private Indian carriers.
India, in fact, has been the flavour at virtually every air show since 2005.
21/08/06 Indo-Asian News Service/Gulf Times, Qatar

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