It is known to make millionaires out of billionaires. But daring entrepreneurs continue to flock to the Indian aviation sector and their airlines are making some headway albeit slowly.
Two airlines — Air Costa and AirAsia India — started operations in the past 12 months taking the number of players in the domestic skies to seven. With the two new entrants showing steady increase in passenger traffic, the competition is set to hot up.
Launched in October last year, Air Costa — a regional airline with a focus mainly on the Southern market — has grown its passenger traffic from 16,000 in January to 60,000 in August. With this, it has garnered share of a little more than 1 per cent in the domestic market.
AirAsia India since its launch in June has tripled its traffic from 12,000 to 36,000; its market share stands at 0.6 per cent. This may be tiny compared with the share of the market leaders IndiGo (32.6 per cent), Jet Airways (20.1 cent) and SpiceJet (19.5 per cent).But these are early days, yet.
28/09/14 Anand Kalyanaraman/Business Line
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Two airlines — Air Costa and AirAsia India — started operations in the past 12 months taking the number of players in the domestic skies to seven. With the two new entrants showing steady increase in passenger traffic, the competition is set to hot up.
Launched in October last year, Air Costa — a regional airline with a focus mainly on the Southern market — has grown its passenger traffic from 16,000 in January to 60,000 in August. With this, it has garnered share of a little more than 1 per cent in the domestic market.
AirAsia India since its launch in June has tripled its traffic from 12,000 to 36,000; its market share stands at 0.6 per cent. This may be tiny compared with the share of the market leaders IndiGo (32.6 per cent), Jet Airways (20.1 cent) and SpiceJet (19.5 per cent).But these are early days, yet.
28/09/14 Anand Kalyanaraman/Business Line
