India is the ninth-largest in the global segment of civil aviation. Currently, it is reported to be worth over 16 billion US dollars. Market analysts predict that the industry is all set to become the third largest aviation market in the next four years, and will be the largest in the world in 2030.
So what made this possible? It is owing to the growth of air charter companies in India. They offer a range of services like planning the itinerary, ground handling facilities at the airport, arranging accommodation for passengers and their transportation and many other added services.
Air charter companies support operators of both passenger and freight scheduled flights on domestic and international routes.
It won't be an exaggeration to say that the world is fixed on Indian aviation, and the credit goes to all stakeholders in the Indian aviation industry. These include operators of charter flight services as well.
Charter companies say that they don't face some of the problems the general airlines have to tackle. This according to them is because they don't have equally high payments and operational costs.
For e.g. they only fly after getting the full payment for the flight. On the other hand, a commercial airline has to fly to its designated routes even if many seats are not filled. This will end up in high operational costs and low returns.
The passenger traffic within the country surged by 19.2% and reached 20.3 million in the second quarter of 2015. During the previous year it was 17 million. For e.g if the passenger traffic in June, 2014, was 7.8 million, in June, 2015, it was 8.8 million. That means there was a 13% growth.
In the segment of freight transportation, it was 211,590 tonnes in June, 2014. In June, 2015, it was 222,990 tonnes.
The movement of aircraft across all the Indian airports was 8% higher in June, 2015, when compared to June, 2014. And the credit for this growth goes to the air charter companies in India. They played a crucial role to make this happen.
A New Delhi-based chartered operator transported ISRO Satellites from Bangalore to Cayenne in French Guiana. That's not all. It also transported life saving drugs and relief material during natural calamities.
This growth curve proves that India, no doubt, is well placed to become the focal point of aviation for the world nations in the years to come.