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Aviation industry aims for growth with sharp focus on supply in 2024
Mint Mumbai
|January 04, 2024
The year 2023 was a rollercoaster ride for the Indian aviation industry. If Go First going under was the most significant setback, the record number of domestic travellers taking to the skies was its biggest feat.
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With the new year having just dawned, the industry is looking into the days and months ahead with caution, as capacity expansion is threatened by supply-chain glitches in availability of engines, spare parts, and engine recall by Pratt & Whitney impacting India's largest airline IndiGo.
IndiGo, which has a domestic market share of nearly 62%, may have to ground nearly a quarter of its fleet by March due to an engine recall by Pratt & Whitney for inspection, and the persistent issues related to shortage of engine supply by the US-based aerospace manufacturer.
Currently, less than 150 aircraft of the 340 aircraft fleet of IndiGo are powered by Pratt & Whitney engines.
This story is from the January 04, 2024 edition of Mint Mumbai.
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