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Indian airlines are aiming to deploy additional aircraft on short- and medium-haul international routes as well as leverage codeshare agreements with major global airlines, stated a CRISIL report.
India's international passenger traffic grew to around 70 million in fiscal 2024
The report points out that Indian airlines, such as Air India and IndiGo, are strategically adding new aircraft to their fleets and launching new international routes which are cutting travel time.
The share of Indian airlines in international passenger traffic, including originating or terminating as well as the traffic transitioning through the country, is seen surging 700 basis points to around 50 per cent by 2027-28, from 43 per cent in the previous fiscal, it said.
India Business News: he share of Indian airlines in international passenger traffic that originates from, terminates in, or transitions through India is projected to incre