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In comparison, China has a fleet of 1,981 aircraft for 1.3 billion citizens.
A Centre for Asia Pacific Aviation data also shows that the number of domestic airline seats per capita is one of the lowest in India at just 0.07. This compares with 3.35 for Australia, 2.49 for the US, 1.38 for Canada and 1.05 for Japan. Yet to cater to demands of the aspiring middle class population (with annual income of Rs 5 lakh and above) of the country, which the travel and tourism industry estimates to be around 5 per cent of the country’s 1.2 billion people the availability of seats has to rise.
Airlines need to ramp up their capacity to 1 million domestic seats a day which is four times more than the current 2,30,000 seats a day they are offering
This shortage has pushed airlines to announce plans to buy or lease aircraft continuously with a target till 2024
The industry can keep up its growth momentum only if it can balance between adding capacity to keep fares low and keep the rates high enough to break even.