Outlook robust for Indians travelling abroad

Increasing numbers of Indians are set to travel abroad in the coming years as their disposable income grows in tandem with more direct flights, improved visa processing for nearby countries, and a likely growth in flights by Indian airlines, travel platform MakeMyTrip said.

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"All the aircraft orders that have been placed to bring new fleet into the market. Over the next 3-5 years or more, significant chunk of new orders are expected to be deployed to open up some foreign destinations or to grow (outbound) for these foreign destinations," Rajesh Magow, co-founder and group chief executive officer of MakeMyTrip said in a post-earnings conference call.

Indian airlines such as IndiGo, Air India, Akasa have more than 1,500 aircraft on e-order. Akasa Air ordered 150 Boeing B737 MAX family aircraft as recently as last week.