India's Domestic Airlines Inducted 133 Planes in 2023: DGCA

By By Rediff Money Desk, NEWDELHI
Jan 04, 2024 18:51
India's domestic airlines saw a significant increase in aircraft inductions in 2023, with 133 new planes added, reflecting the growth of the aviation market. The DGCA is enhancing its regulatory capacity to support further inductions in 2024.
Photograph: ANI Photo.
New Delhi, Jan 4 (PTI) Domestic airlines inducted a total of 133 planes in 2023, which is 51 per cent higher on an annual basis, as they continued to expand their networks to meet rising passenger demand.

Out of the total, 21 aircraft were taken by the carriers on wet lease.

In a release on Thursday, the Directorate General of Civil Aviation (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 details about the measures to increase the regulatory capacity could not be immediately ascertained.

"During the year 2023, the scheduled operators have inducted a total of 112 aircraft in their fleet against 81 aircraft inducted in 2022, which is an increase of 38 per cent.

"Taking into account the 21 wet/damp lease aircraft, the total induction of aircraft stands at 133 as against the corresponding figure of 88 in the previous year 2022, which represents a significant increase of 51 per cent over the previous year, thereby augmenting capacity in a growing aviation market," the release said.

According to the watchdog, the increased induction of planes has helped in achieving the twin outcomes of enhanced network coverage, giving a boost to connectivity and comparatively lower fares during the festive season to the overall benefit of passengers.

India is one of the fastest-growing civil aviation markets in the world. Last year, Air India and IndiGo together placed orders for 970 planes.

As of December 31, 2023, DGCA said there were a total of 16 AOC (Air Operator Certificate) holders endorsed with a total of 771 aircraft.

Meanwhile, on Wednesday, DGCA said it carried out 5,745 surveillance activities with respect to airlines, airports and approved organisations in 2023.

The activities included 4,039 planned surveillance and 1,706 spot checks and night surveillance. Subsequently, the findings resulted in 542 enforcement actions, the regulator had said.
Read More On:
india aviationdgcaaircraft inductionsdomestic airlinesaviation growth
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

TCS Appoints Sudeep Kunnumal as Chief HR Officer

TCS announced Sudeep Kunnumal as the new Chief Human Resources Officer, succeeding...

ICAI to Review IndusInd Bank Financials Amid...

The ICAI may review IndusInd Bank's financial statements after discrepancies in...

India Assures Exporters Protection Amid US...

India's commerce ministry has assured exporters of protection against US tariff...

HDFC Mutual Fund Increases IndusInd Bank Stake...

HDFC Mutual Fund has increased its stake in IndusInd Bank to over 5%, buying 15.92 lakh...

TN Budget 2025-26: Thangam Thennarasu to...

Tamil Nadu Finance Minister Thangam Thennarasu will present the fifth Budget of the DMK...

Starlink India Tie-Ups: Satcom Complementing...

Citi report analyzes Starlink's tie-ups with Jio and Bharti, suggesting satcom services...

SpiceJet Promoter Sells 1% Stake for Rs 52 Crore

Ajay Singh, SpiceJet's MD, has sold nearly 1% stake in the budget airline for Rs 52...

LG Electronics India IPO Approved by Sebi - Rs...

LG Electronics India gets Sebi's nod to float a Rs 15,000 crore IPO, marking the second...

Patanjali, DS Group Acquire Magma General...

Patanjali Ayurved and DS Group will acquire Magma General Insurance from Sanoti...

Canara Bank to Raise Rs 4,000 cr via Tier II Bonds

Canara Bank proposes to raise up to Rs 4,000 crore through Basel III compliant Tier II...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com