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The Indian aviation industry has witnessed remarkable growth in recent years, with key drivers being positive economic factors, including high GDP growth, good industrial performance, and corporate profitability and expansion. Other factors include higher disposable incomes, growth in consumer spending, and availability of low fares.
As of May 2006, private carriers accounted for around 75% share of the domestic aviation market. During April-September 2006, the total aircraft movements witnessed an increase of 29.6% year on year to 494.92 thousand aircraft movements, as compared to 318.89 thousand during April-September 2005. The total air passenger traffic in September 2006 has shown an increase of 31.1%, as compared to 2005.
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