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flight travel featured

I and my friend love travelling. Yesterday evening, we both were making plan of trip to Goa in low budget. Our conversation took a turn and we started discussing about the rapid growth of the aviation market. Talk about one industry that’s growing by leaps and bounds in India, aviation gives a tough beating to most others.

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India is seen as third largest aviation market by 2025. Indian Govt. is also making efforts in this direction. An Important factor behind this rapid growth is government schemes like UDAN and NABH Nirman. Here is an image describing how fast these dynamics are changing.

So, Lets understand : What is UDAN?

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Our Prime Minister, Narendera Modi has launched a new scheme called the UDAN on October 2016 . Main motive of this yojana is to provide air tickets at lesser price. UDAN (Ude Desh Ka Aam Naagrik) focal point is to make flying affordable for people who wants to travel.

Features of UDAN

  • Under this scheme the air fare between tier 2 and tier 3 cities will be made Rs. 2500 per hour of travel.
  • In a flight around 50% of the total seats will be reserved for the UDAN scheme.The airlines that launch flights to and fro Tier 2 and Tier 3 cities will be given subsidies.Also the airline that run under this scheme have not to pay landing and parking charges.
  • First aim of this project is to connect 56 unserved airports and 31 unserved helipads across the country.
  • The second target is to expand the airport capacity by more than five times.

Market Insights of world

Lower airfares, growing living standard day by day are major contributors to increased air travel. Additionally, military across Philippines, Thailand, Argentina, India and China, among others are expected to spend a lot of their defense budget in obtaining new military aircraft and related equipment in upcoming period.

Market Dynamics of world

There has been a continuous increase in the number of passengers who travel by air each year. Simultaneously, there has been a continual increase in the demand for new aircraft by the airlines to satisfy this growing demand. At present, there are more than 5,000 commercial airplanes in service currently in the world. In addition, Around the world, production of new aircrafts are in progress. The orders for new aircraft have increased at a greater pace for the leading aircraft manufacturers in the last year. In 2017, Airbus took 1,109 orders for the production of new airliners, while Boeing took 912 orders. These numbers show the demand for new aircraft by the airliners.The global military expenditure experienced an increase of 1.1 % from 2016 to reach USD 1,739 billion in 2017.

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Market size

According to IATA (International Air Transport Association), India is the fastest growing airline industry in the world. Last year passenger volume rose 17.4% ahead of China which grew at 13.5% .Trips have doubled over the past 4 years.

Market size

Travel services offered by Spicemoney

Spicemoney provides opportunity to book railway/flight/bus tickets and low cost hotels under one roof.In today’s fast paced world no one has the time to stand in colossal queues for booking tickets. Our travel services fulfil the travel needs of millions of travellers looking for reasonable, reliable, close to home and comprehensive travel solutions.

Travel services – flights offered by Spicemoney

In order to meet the demand of flight industry, We provide Domestic and International Flights ticketing solutions with all available combinations and airlines. The service provides the best routing options with an easy to book interface. There is also a presence of dedicated customer care only for airlines related queries and enquiries. This is a complete Travel Management Solution on Single Interface. The agent can instantly book and confirm the tickets and earn attractive margins and commissions. Recently Spicemoney has tied up with many aggregators in order to lower down the prices of flight tickets. Spicemoney is offering attractive offers to the agents. Be Spicemoney agent and earn attractive margins and commission at flight ticket booking.

Ready for business! Contact team of Spicemoney now!

Contact us at +91 120 3986786, +91 120 5077786 or write to us at product@spicemoney.com

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Post Author: Manpreet Kaur

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