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A HIGH-FLYING YEAR

SP’s Aviation

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Issue 12, 2023

During 2023, the aviation industry continued to fly high despite challenges like shortage of skilled personnel, escalating fuel prices, regulatory constraints, and airport capacities

- AYUSHEE CHAUDHARY

A HIGH-FLYING YEAR

THE YEAR 2023 TURNED OUT TO BE A LANDMARK YEAR FOR civil aviation, witnessing a flurry of orders and deals at major global airshows. These agreements have set an optimistic tone for the aviation industry, pointing towards a promising ascent in the times to come. With new airlines coming in; some old airlines’ consolidating, turning towards refurbishing their fleet and regional aviation seeing a growth, India too had an interesting year. Expected to surpass previous records by the close of 2024, the Indian aviation sector foresees substantial growth, fueled by significant aircraft orders from major carriers such as Air India and IndiGo this year. While challenges like a shortage of skilled personnel, escalating fuel prices, regulatory constraints, and airport capacities persist, the industry sees vast opportunities.

Sustainability took center stage with a surge in commitments to sustainable aviation fuels (SAFs). Urban air mobility (UAM) progressed, witnessed in global cities with test flights of electric vertical takeoff and landing (eVTOL) aircraft. Despite pandemic challenges, airlines pursued ambitious fleet expansions and announced new routes, fostering recovery. Airports embraced digital transformation, introducing smart technologies for enhanced passenger experiences, while safety and security remained paramount.

AIRSHOW EXTRAVAGANZA

While many events happened across the globe in 2023, the Paris Air Show, Dubai Air Show and Aero India were among the top headline makers.

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