Role of companies in aviation industry and their market share in Indian markets and profitability of industry, demand and supply of

1. AVIATION SECTOR OF
INDIA
An Analysis
Team:Warren Buffet
Date: 18-10-2016

2. SIZE OF THE AVIATION INDUSTRY
• In May 2016, domestic air passenger traffic rose 21.63 per cent to 8.67
million from 7.13 million during the same month of last year
• Passenger traffic during FY 2015-16 increased at a rate of 21.3 per cent to
85.57 million from 70.54 million in the FY 2014-15
• In March 2016, total aircraft movements at all Indian airports stood at
160,830, which was 14.9 per cent higher than March 2015.
• International and domestic aircraft movements increased 10.5 per cent
and 16.0 per cent, respectively, in March 2016.
• Indian domestic air traffic is expected to cross 100 million passengers by
FY2017, compared to 81 million passengers in 2015, as per Centre for Asia
Pacific Aviation (CAPA).

3. Aviation Industry- Growth in India
• In 2014, India has entered top 10 list and attained 9 th position in
world’s aviation market.
• India will see a total of 367 million passengers by 2034, an extra 266
million annual passengers compared to 2014. It will overtake the
United Kingdom to become the 3rd largest market around 2031.
(growth @ 6.7%)
•The Indian domestic markets will grow at 6.9%. India will be adding
159 million extra passengers. Its total domestic air market will be 226
million passengers.

4. Growth rate

5. Key players and their market share
1. Indigo Airlines
• Total Market Share : 38.5%
• Fleet size : 97
• Passenger Load factors : 76.8%
• Cancellation Rate: 0.10%
• Passenger Complaints in
average :0.7 % (No. of
Complaints/10,000 Pax)
2. Jet Airways
• Total Market Share : 19.8%
• Fleet size : 116
• Passenger Load factors : 80.8%
• Cancellations : 0.96%
• Passenger Complaints in average
: 1.4 % (No. of Complaints/10,000
Pax)

6. 3. Air India
• Total Market Share : 16.4%
• Fleet Size : 108 (excluding
subsidiaries)
• Passenger Load factors
:79.3%
• Cancellations : 1.20%
• Passenger Complaints
(average) :1.7 % (No. of
Complaints/10,000 Pax)
4.Spice Jet
• Total Market Share : 12.3%
• Fleet size : 34
• Passenger Load factors : 92.1%
• Cancellations :0.70%
• Passenger Complaints
(average) :1.4% (No. of
Complaints/10,000 Pax)

7. 5. Go Air
• Total Market Share :8.2%
• Fleet size : 19
• Passenger Load factors :75.6%
• Cancellations : 0.44%
• Passenger Complaints
(Average): 1.3%(No. of
Complaints/10,000 Pax)
6. Jetlite
• Total Market Share : 3.0%
• Fleet size : 9
• Passenger Load factors :78.7%
• Cancellations :0.44%
• Passenger Complaints (Average ):
1.4%(No. of Complaints/10,000 Pax)

8. 7.Air Asia
• Total Market Share : 1.4%
• Fleet size : 5
• Passenger Load factors : 72.1%
• Cancellations : 0.0%
• Passenger Complaints
(Average): 1.0% (No. of
Complaints/10,000 Pax)
8.Vistara
• Total Market Share : 1.3%
• Fleet size : 7
• Passenger Load factors : 62.9%
• Cancellations : 0.19%
• Passenger Complaints (Average):
0.2% (No. of Complaints/10,000 Pax)

9. 9.Air Costa
• Total Market Share : 1.0%
• Fleet size : 4 (+50 on order)
• Passenger Load factors : 77.3 %
• Cancellations : 0.79%
• Passenger Complaints
(Average): 0.8 % (No. of
Complaints/10,000 Pax)
10. Air Pegasus
• Total Market Share : 0.2%
• Fleet size : 2
• Passenger Load factors :77.1 %
• Cancellations : 5.81%
• Passenger Complaints (Average): 1.4
% (No. of Complaints/10,000 Pax)

10. Indian Aviation Industry Market Share
Indigo Jet Airways Air India Spicejet Go Air JetLite Air Asia Vistara Air Costa Air Pegasus

11. EBIT

12. Return on Investment
• The Indian Aviation Industry has been going through a turbulent phase
over the past several years facing multiple headwinds – high oil prices and
limited pricing power contributed by industry wide over capacity and
periods of subdued demand growth.
• The near term the challenges facing the airline operators are related to
high debt burden and liquidity constraints
• Fuel prices over the last three quarters coupled with intense competition
and unfavourable foreign exchange environment has again deteriorated
the financial performance of airlines.
• The domestic airlines have not been able to attract foreign investors (up to
49% FDI is allowed, though foreign airlines are currently not allowed any
stake)

13. Demand and supply
• The law of demand states that
consumers will purchase more
of a good at lower prices and
less of a good at higher prices.
• The law of supply states that
producers will sell less of a good
at lower prices and more of a
good at higher prices.
• Equilibrium exits when there is
no reason for a situation to
change.

14. Factors affecting demand and supply
• Population of the country economic condition of people disposal
income of population level of education age of the population
• Price of tickets depends on crude oil price tax on airport affects the
price depends on route
• Quality of service comfort of customer safety and ease to travel
• Affect of terrorism

15. Key drivers of Demand and Supply
• Increasing the disposal income of population
• Improving corporate profits reflect an improving economy
• Growth of international market
• Behaviour of competition
• Government regulation
• Time is another factor for time sensitivity people

17. Substitution
• Railway
• Bus
• Car
Complements of aviation and tourism
• Aviation and tourism are complements to each other people who
take holiday packages go with airplane to reach their destination.

18. Elasticity
• A measure of the responsiveness of one variable (usually quantity
demanded or supplied) to a change in another variable
• Most commonly used elasticity: price elasticity of demand, defined
as:
% Change in qty demanded
% change in price
Price elasticity of demand =

19. Elasticity along a linear demand curve
elastic
inelastic
Unit elastic
Price
Quantity demanded
D

20. Income Elasticity and the Demand for
Airline Travel
• Demand for airline travel has a highly positive income elasticity of demand
• The industry is cyclical
• During an upturn, demand rises for business and leisure travel
• During a recession, the demand tails away
• In the long run, there is a positive relationship between real GDP per capita and the demand
for air travel
• Income elasticity will vary according to the type of air travel
• E.g. difference between low-cost “no-frills” and higher priced scheduled services on low-haul
flights

21. Demand Elasticities in the Context of Air
Transportation

22. In particular, the elasticity can vary depending on the availability of
substitutes. five different levels of aggregation (representing five different
contexts) have been identified
Level of Aggregation Description
Fare Class Level At this level, the elasticities are arguably highest.
The traveller can respond by booking a discount
economy fare on the same airline, or book with
another airline, or travel by another mode.
Carrier Level If an air carrier increases it fare unilaterally, it is
likely to lose passengers to other carriers operating
on that route.
Route/Market Level the elasticity response might be expected to be
generally lower than at the fare class or carrier
level. Have fewer options for substitution.

23. National Level At the national level, fare elasticities would be
expected to be lower still, as travellers have fewer
options for avoiding the fare increase. For example,
if a national government imposed a new or
increased tax on aviation, travellers could only
avoid this increase by using another mode (which
may not always be possible), or not travelling .
Pan-National Level In this case, the options for avoiding the fare
increase are even further reduced, so therefore the
elasticity would be expected to be lower.

24. Cross Price Elasticity
Cross price elasticity measures the response in demand for a given good or
service to changes in the price of substitute or complimentary goods and
services.
• At the fare class level, an increase in the price of the full economy fare
could increase the demand for both business class tickets and discount
tickets.
• At the carrier level, an unilateral increase in the fare of one particular
carrier on a route can increase the demand for other carriers on the route
(and the demand for connecting alternatives).
• At the route level, an increase in the cost of travel from Heathrow to CDG
can increase the demand for travel on Gatwick-CDG or Heathrow-Orly.

25. • At all levels of aggregation, there may exist cross elasticity effects with
other modes of transport. An increase in the cost of air travel may increase
demand for ground transportation and vice versa.
• There may also cross elasticity effects between air travel and other leisure
or consumption activities.
• At the national level, an increase in the cost of air travel to/from a given
country may increase demand for air travel to/from other substitute
countries.
• At the pan-national level, an increase in the cost air travel to/from a
particular region may increase demand for air travel to/from other regions.
E.g., an increase in the cost of air travel to the EU may increase demand
for air travel to the U.S.

26. Own-Price Elasticity of Demand
The figure shows the range of
values estimated in the studies
surveyed and the most-likely
value (the black dot).This
meta-study found elasticities
ranging from -0.198 to -1.743,
depending on the market.

27. SIGNIFICANCE OF AIR TRAFFIC
FORECAST
• Investment Decisions Guided By Industry Forecast.
• Unbridled and Unplanned Growth in Capacity Development.
• Ancillary Aviation Services.
• Non Availability of Skilled Personnel.
• Undertake Efficient and Effective Planning
• Decisions like up-gradation of the existing terminals, building of new
terminals, development of green field airports.

28. AIR TRAFFIC FORECAST FOR INDIAN
AVIATION
• Domestic AirTraffic in India is Set to cross 159 million in 2020-2021 as
against 54 million in 2010-2011.
• Domestic Passengers grew by 3.9 times the last decade i.e. 2000-
2001-2010-2011.
• International Passengers to and from India by 2020-2021 will be 92
million i.e. 2.4 times of 38 million in 2010-2011.
• 2031-2032 forecasts show that domestic air passengers carried in
India will be 448 million.

29. • Overall AirTraffic is set to grow
by 10.1% in next two decades.
• Domestic AirTraffic will be higher
at 11.4% to internationalTraffic at
9.5% in next two decades.
• This pattern is consistent with
long term trends noticed in India
for the last 20 years i.e. 1990-
1991 to 2010-2011.

30. COMPARISON OF PASSENGER TRAFFIC
FORECAST FOR 2020-2021 ACROSS
AGENCIES
Air Bus Forecast made were at a
growth rate of 9.8% for 20 years
from 2009-2029 in respect of
domestic revenue passengers
which is also closer to the annual
average growth rate for 2010-
2030.
 CAPA has forecast of 180
million domestic & 90 million
international passengers for
India by 2020.
Source: CAPA, Airbus, AAI, MoCA Estimates.

31. MoCA estimates, the
domestic passenger carried
would be 159 million,
international passenger
carried would be 96.5 million
and total throughput would
stand at 415 million by the
year 2020-21.

32. FORECASTED CARGO TRAFFIC
Domestic Cargo, International
Freight &Total CargoTraffic are
set to grow at CAGR of 10-11%
approx till 2031-2032.
By 2031-32 domestic cargo
traffic might witness over 2½
times the traffic of 2020 while
the international cargo traffic
will also witness over 2 times the
traffic of 2020-21.
Source: DGCA, MoCA Estimates

33. HOW REALISTIC ARE THE RESULTS OF
FORECASTS?
• Assuming that India achieves
the forecasted level of domestic
passenger volume by 2030-31,
in terms of Per capita domestic
air trips, it would still be
marginally higher than Brazil’s
but lower than Malaysia’s
existing level.
Source: MoCA Analysis

34. MARKET STRUCTURE OF AVIATION
INDUSTRY.
• Entry to the market is
difficult.
• Huge capital at their
disposal.
• Level of competition .
• Control of market .
• Oligopoly market.

35. PRICING STRATEGY FOR AVIATION
INDUSTRY
• PHASE 1 : History of Indian civil aviation history goes back to 1932
when Air Indian was started as a freight liner. In 1933TATA airline
(later called Air India) became the first Indian passenger airline.
• PHASE 2 : Entry of private sector .
• PHASE 3 : In early 2000 Indian aviation sector started integrating
with global industry, there were many noticeable shifts in the Indian
civil aviation policy (more of this is discussed later) which led to:

36. • Because of liberalized policies, as many as five budget airlines started
operation in span of 2 years
• Private airlines with 5+ year of domestic flying experience were given the
permission to fly on international routes
• Increased landing rights were provided to international flights
• Extensive route sharing agreements with more than 30 countries
• Low cost carriers made flying economical .

37. CURRENT MARKET DYNAMICS
• Indian Civil aviation is on fast
lane with passenger traffic
growing with healthy CAGR of
above 6% since 2000 and 25%
since last one year. 5 new airlines
have started operations in last
two years
• In last five years the domestic to
international passenger ration
has increased form 1.1 to 1.5,
sign of a maturing industry.

38. • The numbers of airlines have
increased from four in 1995 to 11
in 2006, majority of new
additions – five out of six- being
low cost carriers .

39. LOW COST CARRIERS MODELS
• Pure plays : Spice jet
• Add on retailers : Air Deccan
• Transitional : Kingfisher

40. OBJECTIVES OF AVIATION INDUSTRY
• To work as an Independent Association on common issues and objectives of Airport Operators.
• To maintain cordial relations between airport operators,Govt. of India and other stakeholders in
the Aviation Sector and assist the airports in meeting its social and economic obligations.
• To engage in dialogue with all and thereby assist the airport sector to improve and economize
airport operations.
• To deliver world class facilities to passengers, airlines and other stake holders.
• Plan to organize workshops and seminars with active participation of MoCA/ AAI / DCGA/ AERA
etc. by inviting international experts / agencies for knowledge sharing and understanding global
past practices.

41. • Strive to collect, tabulate and share valuable data / information on various aspects of airport
operators, passenger safety, security, emergency planning and response, turnaround time,
standardization etc. to improve the efficiency of IndianAirport Operators.
• To act as a catalyst by offering a platform for exchange of innovative ideas and concepts
amongst the Airports,Airlines and various stakeholders.
• To facilitate co-operation and foster good relations among all member airport operators and
their many and varied partners (airport users, ancillary sectors / operators such as hotel and
tourism, aircraft manufacturers, airlines, cargo operators, fuel suppliers and supplier of spares)
in Indian aviation, whilst maintaining an air transport system that is safe, secure,
environmentally responsible and efficient for the benefit of all.
• Consider all issues connected with the airport operations and to initiate or support necessary
action in connection therewith, to cover the overall interest of the members of the Association.

42. • Promote cooperation between members with regard to matters of mutual and common interest
and to assist members in securing better facilities or improve the existing facilities at airports
and elsewhere for the benefit of passengers / members of the Association.
• To represent airport operators before the concerned Ministry and Secretaries of the Central
Government or the State Governments as the case may be, in respect of their policies on the
airport operations sector and other policies having a bearing on airport operations sector
concerning any matters pertaining to the airport operations sector that are specifically not
dealt.
• To represent before any concerned world body, international organizations and to take up issues
of the airport operations and work for the growth, expansion, promotion and modernization of
Airport operations on par with the best in the world and for that purpose appoint committees,
support, adopt and recommend modern technology and also institute a research wing etc. to
advice the members of the Association.

43. CSR ACTIVITIES
IMPROVING EDUCATIONAL INFRASTRUCTURE IN BHIMPUR SCHOOL,
BHUBANESWAR
• The project pertains to renovation and maintenance of the Bhimpur
primary school, situated within the close vicinity of Bhubaneswar Airport.
The school was established in the year 1989.The school building was
constructed by the Bhubaneswar Municipality, Sarva Sikhya Avijan of
Govt. of Odhisha.There are 62 boys and 65 girls students enrolled in the
school during the year 2012-13.
• AAI provided two toilets units one each for boys and girls, raised height of
parapet from 2 feet to 6 feet by providing grills and provided desks and
renovation works also done by AAI.The project was completed in FY 2013-
14 against an expenditure of Rs.11.31 Lakhs.

44. CORRECTIVE SURGERY FOR PERSONS WITH LOCOMOTORS
DISABILITIES IN THE BACKWARD DISTRICT OF UDAIPUR,
RAJASTHAN
• AAI supported free of cost surgeries to 500 polio and born disabled children under its CSR
programme in association with Narayan Seva Sansthan,Udaipur, Rajasthan.The organization is
rendering free of cost services in the field of treatment and rehabilitation of polio affected
persons.After the operations patients are provided free of cost aids and appliances for their
physical mobility and rehabilitation. Subsequently, they are also provided economic
rehabilitation also.
• Polio and Cerebral Palsy are two of the major causes of locomotors disability in India.There are a
large number of children afflicted with polio are living in rural and semi urban areas in various
parts of the country. Due to low socio-economic status as well as no availability of
comprehensive rehabilitation services including surgical interventions in State/District Hospitals
uniformly, a large number of such children are still living with physical deformities.The
beneficiaries come to NSS primarily with their need for corrective surgery. All beneficiaries come
with some form of locomotors disability.AAI considered undertaking the project of conducting
corrective surgery to 500 persons with polio and born disability under CSR programme as the
proposed initiative is based in the backward districts of Udaipur, which is the MoU adopted
district forAAI for FY 2013-14.The project was completed on 31st January 2014.The project cost
was Rs. 17 lakhs

45. ‘AASHA’ Skill Training Programme for
Underprivileged Women, Jaipur
• AAI has started a six months skills development programme in 2012
for unemployed women living in ‘Sanganer’ area near Jaipur Airport.
The programme trains 180 women in 16 bathes on cutting and
tailoring, soft toys making and tie and dye. In order to provide better
access to the training opportunity, the project is implemented in a
centre based within the community where the beneficiaries live.The
initiative has not only opened up new opportunities for the
unemployed women of the community for gainful employment, but
also opened up empowerment opportunities through
collectivisation.

46. Airports Authority of India Paper Recycling
Unit
• Paper is such a commodity closely related to usage in our daily lives and the use
of paper in our day-today life remains indispensable. With increase in
industrialization, growth and literacy etc the per capita consumption of paper is
growing every year.Therefore, recycling and reuse of paper also becomes
immensely significant.
• The corporate world has a major role to play to promote the use of recycled
paper in order to contribute to environment conservation and sustainable
development in a meaningful way. Airports Authority of India has played an
important Role in improving the life of people living in the vicinity of Airports
through its numerous social welfare schemes. “Giving back to the
community where we live and work, a commitment towards sustainable
growth of communities” is the message sent to all, as the major objective of
CSR of AAI and setting up of the Paper Recycling Unit in Delhi was the first CSR
project which was undertaken, an initiative by the team member of
Kalyanmayee under the guidance of President Kalyanmayee, Airports Authority
of IndiaWomenWelfare Association, Mrs.ArchanaAgrawal

47. Community Development Closely
Integrated With Business Goals
• The open fish market at Perunelli Junction atTrivandrum Airport functions on
scattered and unorganized manner and the solid waste of fishes is also disposed
off at open disposal places, which is not only unhygienic and environmentally
unfriendly but also causes birds menaces in the vicinity if the airport and is
creates potential threat for bird hit in the aircraft operation.
• AAI undertook construction of roofing, compound wall and toilet facility of the
market.The project has not only benefited reducing the threat for bird hit for
aircrafts but also has benefited over 100 vegetable and fish vendors- to operate
their business in a better working conditions- drinking water & toilet facility,
waste management facility and biogas plat to produce electricity for fan and
lights. Provision of electrical connection through bio gas has increased their
market timing, which has a positive impact on their livelihood. A total of Rs.
48.50 Lakhs was spent for the project.

48. Relief and Rehabilitation - Uttarakhand
Flood
• Airports Authority of India extended round-the-clock operations facility at Jolly Grant
Airport in an excellent coordination between AAI, State Government of Uttarakhand
and the Indian Air Force to enable seamless flow of Choppers, Aircraft and Ground
Operations for the relief operations in the natural calamity hit State.AAI set up a Help
Desk-cum-Relief Camp to extend emergency services for the flood victims and provide
possible help and cooperation to the passengers, their relatives and well-wishers at the
airports. AAI organised 8 ten seater mobile toilet vans, 6 telephone connection, and 2
ambulances with team of doctors, drinking water and food facility at the temporary
shelter / camps. AAI has waived off the landing parking charges for relief flights
operation through this airport.
• Airports Authority of India employees contributed one day salary towards Prime
Minister Relief Fund. A cheque for an amount of about Rs. 3.20 crores was sent towards
contribution to the Prime Minister Relief Fund in aid of the relief operations to help the
devastated towns and villages of the flood affected State. Moreover, AAI is planning to
adopt one village for its rebuilding and rehabilitation of worst affected due to the
natural calamity in Uttarakhand.

49. ARTICLES OF ECONOMIC TIMES
Govt keeps aviation out of climate deal
By Vishwa Mohan,TNN | Sep 29, 2016, 11.48AM IST
• NEW DELHI:The government onWednesday gave its approval to ratify the Paris
Agreement on climate change, a move that will bring the global deal into force
in early November.
But it toughened its stand on negotiations to discuss capping emissions in
the aviation sector, making it clear that India would not commit to reducing
emissions in the sector by 2020 as it would be an “injustice” to the country's
growing economy .
• The ICAO Assembly is expected to adopt the first-ever global market-based
measure (GMBM) by any industry sector covering CO2 emissions from
international activity. India will, however, not join such market-based measures
at this juncture.

50. Inter Globe Aviation gets shareholders'
nod to hike borrowing limit
• By PTI | Sep 22, 2016, 04.45 PM IST
• NEW DELHI: InterGlobe Aviation, parent of no-frills airline IndiGo, has received shareholders' approval to increase its borrowing
limit to Rs 20,000 crore.
Shareholders have also given their nod for re-appointment of Aditya Ghosh as Director, Devadas Mallya Mangalore as Chairman
and Non-Executive Independent Director, and Anupam Khanna as Non-Executive Independent Director.
• Besides, the company has got approval for alteration to its Article of Association.
In a filing to BSE, InterGlobe said the proposals were approved by the shareholders during their meeting held on September 21.
Now, the company's borrowing limit has been increased to Rs 20,000 crore, from the earlier level of Rs 15,000 crore.
"Considering the existing borrowing limits of the company with various banks/financial institutions and in order to meet the
financial requirements for growth plans of the company, the borrowing limits previously sanctioned by the shareholders are
proposed to be increased to Rs 200 billion (Rs 20,000 crore)," it had said.
In the three months ended June 2016, IndiGo saw its net profit slide more than 7 per cent to Rs 591.77 crore.The same stood at Rs
638.89 crore in the year-ago period.
• Total revenue during the April-June quarter rose 9.7 per cent to Rs 4,741.45 crore, from Rs 4,211.54 crore in the same period a
year ago.
Shares of the company rose 1.28 per cent to close at Rs 894.70 on BSE

51. Making aircraft repossession easier for
plessors to bring down costs: Ashok
Gajapathi Raju, Aviation Minister
• By ET Now | Aug 30, 2016, 10.47 AM IST
• In an interview with ET Now Ashok Gajapathi Raju, Aviation Minister,
said that the government will make the aircraft repossession easier
for lessor to bring down leasing cost.
• ET Now: Are you planning to cap the ticket price this festive
season?
Ashok Gajapathi Raju:The growths are showing well.We are not
thinking of floors and caps because these were issues that came up in
past

52. Buy Inter Globe Aviation Ltd., target Rs
1100.0: Citigroup
• Aug 18, 2016, 01.40 PM IST
•
• Citigroup has Buy call on InterGlobe Aviation Ltd. with a target price of Rs
1100.0.The current market price of InterGlobe Aviation Ltd. is 873.0.
• Time period given by analyst is year, when InterGlobe Aviation Ltd. price can
reach defined target.The global investment bank upgraded the stock to buy as
the competition has eased. And, given the fact that the stock has corrected in
the past 2 quarters it is now trading at near IPO levels.
• The global investment bank is of the view that the expectations have been reset.
It sees attractive entry points now although September is generally a seasonally
weak quarter. But, given asset-light structure, Citigroup believes that the
company will have 145 net aircraft by end FY18.

53. Buy Inter Globe Aviation Ltd., target Rs
845.0: Dr CK Narayan
• By ET Now | Aug 17, 2016, 08.54 AM IST
• Dr CK Narayan of Chart Advise has Buy call on Inter Globe Aviation
Ltd. with a target price of Rs 845.0.The current market price of Inter
Globe Aviation Ltd. is 818.4.Time period given by analyst is Intra
Day, when Inter Globe Aviation Ltd. price can reach defined target.
Dr CK Narayan recommended to keep stop loss at Rs 818.0.

54. Airlines look for ways to cut down on
weight, squeeze in more seats
• April 20, 2014 | By Hugo Martin
• If you thought airlines could find no new ways to squeeze more
passengers into each plane, you are underestimating the resolve of
the airline industry. At this month's Aircraft Interiors Expo in
Hamburg, Germany, many of the 500 exhibitors were promoting new
ideas to cut down on weight - to save fuel - and innovative layouts to
fit more seats per cabin. Among the concepts offered at the expo
was a set of seats that put passengers face to face; seats that are
installed in a staggered, diagonal layout, and lavatories designed to
wedge in a few extra passengers in the back of the cabin.

55. Vistara launches Delhi-Port Blair service
• NEW DELHI: Full service carrierVistara today launched a daily service to Port Blair from here via Kolkata.
With the addition of Port Blair into its network,Vistara now operates from 18 domestic airports across the
country.
"The new service to Port Blair offers a daily flight from Delhi and Kolkata (same aircraft service via Kolkata),
with arrival and departure timings that allow for convenient connections to ferry and catamaran services
between Port Blair and Havelock Island,"Vistara said in a release.
Besides, the airline has also announced the addition of a third daily flight between Delhi and Kolkata to
cater to the Durga Puja rush.
• "This supplementary flight will operate between September 30 and October 12.
The Delhi-based carrier, in whichTata Sons holds 51 per cent stake and rest are held by SingaporeAirlines,
currently has 12 Airbus A320 planes in its fleet.
Early this week,Vistara Chief Strategy and Commercial Officer Sanjiv Kapoor had said that the airline was
expecting to induct 13th aircraft by the third week of October.
"We have inducted the 12th aircraft in the fleet last week, and the 13th aircraft will be delivered to us in the
third week of October.With this, we will be operating 530 flight per week by this year end.

56. Goodyear Thailand to build $162 million
aviation tyre factory
• BANGKOK: GoodyearThailand Pcl said onTuesday it planned to invest $162 million to build a
new radial aviation tyre factory to expand production at Phathumthani, north of Bangkok, to
meet growing demand inAsia Pacific.
• The expansion will help the tyre maker capture growing demand for radial tyres as commercial
airlines are rapidly converting their fleets to radial tyres from bias tyres, Managing Director
Finbarr O'Connor said in a statement.
The first phase of the three-phase expansion is targeted to begin operations by 2018, O'Connor
said.
The demand for radial tyres is expected to improve as new commercial planes use them as
standard, because they are lighter than bias tyres and more suitable for aircraft landings.
The world's aviation fleet is projected to double in size over the next 20 years, O'Connor said.
TheThai unit, 66.8 percent owned by U.S.-basedGoodyearTire & Rubber Co, provides original
equipment and replacement tyres for passenger cars, commercial trucks and retread tyres for
domestic sales and exports

57. Airline industry continues to hire
• October 21, 2011 | By Hugo Martín, Los AngelesTimes
• The U.S. airline industry has been on a hiring trend lately, but don't
expect that to continue too much longer. For the ninth straight
month, the airline industry added full-time employees in August,
with employment numbers up 2.8% from the same month last year,
according to the U.S.Transportation Department's Bureau of
Transportation Statistics. In August, commercial passenger airlines
employed 388,523 full-time workers in the U.S., up 10,688 workers
from August 2010, according to the bureau.

58. Global airline industry expects record
profits in 2014
• February 9, 2014 | By Hugo Martín
• The world's airline industry has rebounded from the recession and
expects 2014 to be the most profitable year on record, thanks to
stable fuel prices and growing travel demand.That's great news if
you're an airline executive or shareholder. But don't expect the
suddenly well-off airlines to pass along their good fortune to
passengers by slashing fares. Industry experts do say the continued
pressure from low-cost carriers should keep the big network carriers
from imposing dramatic fare hikes.

59. THANK YOU