No Tata in the airline industry… this company has become a market leader

airplane (symbolic image)

India’s aviation sector is growing rapidly. To accelerate this sector, the central government is also preparing new airports. The government plans to build 100 new airports in the country in the next 10 years. Due to this, there will be a record increase in the number of air passengers in the country. However, its trailer has already begun to appear. India’s domestic air passenger traffic rose 5.3 per cent to 1.36 crore in October 2024. Aviation regulator DGCA provided this information in monthly data released on Tuesday. In October last year, the number of passengers on domestic flights was 1.26 crore.

Indigo becomes market leader

In the same month, low-cost airline IndiGo carried 86.40 lakh passengers and achieved a market share of 63.3 per cent. This was followed by Tata Group’s Air India and Vistara. 26.48 lakh passengers traveled on Air India flights and 12.43 lakh passengers traveled on Vistara. Air India’s figures include passengers traveling on its low-cost Air India Express unit.

Report published by the DGAC

According to data from the Directorate General of Civil Aviation (DGCA), the market share of Air India (including Air India Express) was 19.4 per cent and the market share of Vistara was 9.1 per cent during October 2024. Notably, Vistara also merged with Air India on November 12. In the month under review, SpiceJet carried 3.35 lakh passengers and Akasa Air carried 6.16 lakh passengers.

India will become a hero like this

According to a Bloomberg report, the government is considering building 100 airports in the next five years. It has also been proposed to start 1,000 new routes to connect small cities and towns. The report says that the number of airports in China is increasing rapidly. Neighboring country China has set a target of building 450 airports by 2035, which is double the number of airports existing in 2018. We told you that Prime Minister Modi had said at the beginning of his term that efforts would be made to bring country’s economy to five trillion dollars in 2025.