Plane induction by Indian aviation companies soars; 133 planes inducted in 2023, a 51% on-year jump
During 2023, a total of 133 planes were inducted in India, a 51% jump YoY (over 2022) as airline companies scrambled to meet rising demand, the Directorate General of Civil Aviation (DGCA) said.
Out of the total number cited above, 21 were taken on wet lease.
The DGCA said that in line with the anticipated increase in aircraft inductions in 2024, it is «suitably enhancing its regulatory capacity to further speed up the regulatory approvals related to the induction of aircraft».
Specific information regarding the measures taken to enhance regulatory capacity was unavailable at the time of writing this.
«In 2023, scheduled operators added a total of 112 aircraft to their fleets, marking a 38% increase from the 81 aircraft added in 2022. When considering 21 wet/damp lease aircraft, the overall aircraft induction reaches 133, a substantial 51% rise from the previous year's figure of 88.
This significant increase contributes to expanding capacity in a growing aviation market,» DGCA's release said.
It said the heightened aircraft induction has led to two positive outcomes: improved network coverage, enhancing connectivity, and relatively lower fares during festive seasons, ultimately benefiting Indian passengers.
India is witnessing rapid growth in its civil aviation sector, with major airlines like Air India and IndiGo placing orders for a total of 970 planes last year.
As of December 31, 2023, the Directorate General of Civil Aviation (DGCA) reported 16 Air Operator Certificate (AOC) holders with a collective endorsement for 771 aircraft.
Additionally, the DGCA disclosed that it conducted 5,745 surveillance activities related to airlines, airports, and approved organizations in 2023. These included 4,039 planned
