Civil aviation is a sunrise sector in India, and competition is intensifying between Boeing and Airbus SE . While Airbus looks well-positioned to capture the narrow-body segment, the competition looks stiff in the wide-body segment, with both holding the potential to capture a decent share.
India’s air travel market has been enjoying steady growth, with the number of passengers doubling since 2006.
With 131 million passengers in 2016, India jumped four spots in as many years in the global air traffic rankings according to data from the International Air Transport Association (IATA).
The buoyant market has helped India’s major airlines post profits after years of losses. Read More…