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India Gazette
13 hours ago
- Business
- India Gazette
PM Modi to participate in IATA 81st Annual General Meeting on June 2 in Delhi
New Delhi [India], June 1 (ANI): In line with his commitment to developing world-class air infrastructure and enhancing connectivity, Prime Minister Narendra Modi will participate in the International Air Transport Association's (IATA) 81st Annual General Meeting (AGM) on June 2, at Bharat Mandapam in New Delhi. The IATA 81st Annual General Meeting and World Air Transport Summit (WATS) will be held from June 1 to 3. PM Modi will also address the gathering on the occasion, according to the Prime Minister's Office. The last AGM in India was held 42 years ago in 1983. It brings together more than 1,600 participants, including top global aviation industry leaders, government officials and international media representatives. The World Air Transport Summit will focus on key issues facing the aviation industry, including Economics of the Airline industry, Air Connectivity, Energy Security, Sustainable Aviation Fuel Production, Financing Decarbonisation, Innovations among others. The aviation leaders and media representatives from around the world will also get to witness India's remarkable transformation in the aviation landscape and its contribution to the country's socio-economic development. Earlier on May 31, PM Modi virtually inaugurated the newly developed Satna Airport and the upgraded Datia Airport in Madhya Pradesh. The historic occasion, which marks a transformative leap for the Bundelkhand and Baghelkhand regions, was celebrated through physical events held at both airports, symbolising the Government of India's resolve to extend the benefits of air travel to every corner of the country under the UDAN (Ude Desh ka Aam Naagrik) scheme, according to the Ministry of Civil Aviation. The ceremony at Datia Airport was graced by the presence of Union Minister for Civil Aviation Ram Mohan Naidu, while the event at Satna Airport was attended by Minister of State for Civil Aviation Murlidhar Mohol. Both ministers highlighted the Ministry of Civil Aviation's unwavering focus on enhancing regional connectivity, improving accessibility, and catalysing local economies. The Satna Airport, developed by the Airports Authority of India at a cost of Rs 36.96 crore, is set to serve as a major regional hub in northeastern Madhya Pradesh. Known for its cultural and industrial prominence, Satna's new airport will now provide seamless connectivity to religious and industrial centers such as Chitrakoot and Maihar. (ANI)
Time of India
18 hours ago
- Business
- Time of India
India's aviation getting stronger driven by connectivity and airport infrastructure growth: IATA
NEW DELHI: India's aviation sector is witnessing strong growth, supported by enhanced connectivity, improved airport infrastructure, and emerging potential in sustainable aviation fuel (SAF) development, the International Air Transport Association (IATA) said on Sunday. Tired of too many ads? go ad free now Speaking at a media briefing during the World Air Transport Summit (WATS) in Delhi, Amitabh Khosla, IATA's Country Director for India, Nepal & Bhutan, said, "We are also seeing significant increase in the airport infrastructure, so it gives a good foundation, a base on which India will build further." Khosla also pointed to India's potential in Sustainable Aviation Fuel (SAF) production, citing the country's standing as a major ethanol producer. "We understand from our discussions with some of the oil companies in the country that we are looking at India SAF production coming about in 2026," he said. India, he noted, has the capabilities to become a key player in sustainable aviation, aligning with global decarbonisation goals. Despite this progress, IATA also highlighted persistent challenges related to high operational costs and tax-related uncertainties. This year's WATS event has drawn approximately 1,700 attendees, and marks the first time IATA's Annual General Meeting (AGM) is being held in India in over four decades. IATA represents around 350 airlines, accounting for over 80 per cent of global air traffic. According to IATA data, the aviation sector in India directly employs nearly 370,000 people and contributes$5.6 billion to the economy. Including indirect, induced, and tourism-related effects, the industry supports 7.7 million jobs and adds $53.6 billion to India's GDP- equivalent to 1.5 per cent of total economic output.
News18
18 hours ago
- Business
- News18
IndiGo places order for 30 more wide-body A350 planes
Last Updated: New Delhi, Jun 1 (PTI) IndiGo on Sunday announced it will place a firm order for another 30 wide-body A350-900 planes as the country's largest airline steps up its efforts for long-term international expansion. In April last year, the airline placed a firm order for 30 A350 aircraft and there was an option to order 70 more such planes. At a briefing in the national capital, IndiGo CEO Pieter Elbers said that out of the option for 70 planes, it is now placing a firm order of 30 aircraft. The airline has over 900 planes on order that are to be delivered in the coming years. With ambitions to have more than 600 planes as well as become a global carrier by 2030, IndiGo is not only betting on more wide-body operations but is also expanding its partnerships to provide enhanced connectivity to Europe and North American destinations. On the sidelines of the IATA World Air Transport Summit (WATS) in the national capital, IndiGo inked a Memorandum of Understanding (MoU) with Airbus to double its wide-body order from 30 to 60 firm Airbus A350-900 aircraft. 'This is yet another step in defining the airline's long-term plans of international expansion," the airline said. IndiGo is also set to operate flights to 10 new overseas cities with leased Boeing 787 planes in the current fiscal year ending March 2026. First Published:
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Business Standard
a day ago
- Business
- Business Standard
Indian aviation market emerging stronger, says IATA's Amitabh Khosla
Indian aviation market is emerging stronger with growth in connectivity, networks and airport infrastructure, and the country also has the potential for producing sustainable aviation fuel, global airlines' grouping IATA said on Sunday. However, the grouping also said that there is a high cost environment in India and also high uncertainty for tax planning. Amitabh Khosla, Country Director India, Nepal & Bhutan at the International Air Transport Association (IATA) on Sunday said the Indian aviation market is witnessing a significant improvement on the back of emergence of stronger airlines within the country, the growth of connectivity and networks. "We are also seeing significant increase in the airport infrastructure, so it gives a good foundation, a base on which India will build further," he said. At a briefing in the national capital on the sidelines of the World Air Transport Summit (WATS) being organised by IATA, Khosla also said India is one of the largest producers of ethanol. India has the potential to produce Sustainable Aviation Fuel (SAF). "We understand from our discussions with some of the oil companies in the country that we are looking at India SAF production coming about in 2026," he said. IATA represents about 350 airlines comprising over 80 per cent of the global air traffic. Around 1,700 participants are expected to attend WATS and the grouping will also be holding its Annual General Meeting (AGM) in India for the first time after 42 years. According to IATA, India's aviation industry directly employs 3,69,700 people and generates USD 5.6 billion of GDP. When indirect, induced and tourism impacts are included, the totals rise to 7.7 million jobs and USD 53.6 billion of GDP (1.5 per cent). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
3 days ago
- Business
- Time of India
81st IATA AGM to Take Place in New Delhi: A Milestone for Global Aviation, ET TravelWorld
Advt Advt By , ETTravelWorld Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App The International Air Transport Association (IATA) is set to host its 81st Annual General Meeting (AGM) and the World Air Transport Summit (WATS) in New Delhi from 1–3 June 2025. This marks the return of the IATA AGM to India after more than four decades, last having taken place in the country in 1983. IndiGo will serve as the host high-profile gathering is expected to draw over 1,700 participants from across the globe, including airline CEOs, industry leaders, government representatives and members of the media. India's Prime Minister, Narendra Modi, is expected to deliver the keynote address.'We are excited to bring the IATA AGM to India after a 42-year gap,' said Willie Walsh, Director General, IATA. 'India's place in global aviation has changed dramatically, particularly over the last decade. The AGM will allow aviation leaders and journalists from around the world to witness first-hand how India's rapidly modernising and expanding aviation sector is contributing to the country's overall economic and social development.'India's aviation sector supports over 369,000 direct jobs and contributes $5.6 billion in GDP. When combined with indirect, induced, and tourism-related contributions, this figure rises to 7.7 million jobs and $53.6 billion, or 1.5% of the national CEO Pieter Elbers , also Chair of the IATA Board of Governors, added, 'India's aviation market is rapidly thriving while significantly contributing to the country's socio-economic growth and IndiGo is at the forefront of this upward trajectory.'The World Air Transport Summit, which will immediately follow the AGM, is set to feature panel discussions on financing net-zero aviation , energy security, and India's aviation-led development strategy. Key speakers include Pieter Elbers (IndiGo), Joanna Geraghty (JetBlue), Adrian Neuhauser (Abra Group), and Richard Smith (FedEx). CNN's Richard Quest will moderate the flagship CEO panel.
