overview on indian aerospace, defence & internal security
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Overview on Indian Aerospace, Defence & Internal SecurityTRANSCRIPT
To analyze the Indian Commercial Aerospace market for Cobham India Pvt. Ltd
BySatyendra Shukla
11P224
Management Development InstituteGurgaon 122 001
May, 2012
1
To analyze the Indian Commercial Aerospace market for Cobham India Pvt. Ltd
By
Satyendra Shukla
Under the guidance of
Mr. Lee GriffithsDirector IndiaCobham India Pvt. Ltd.
Management Development InstituteGurgaon 122 001
May, 2012
2
Executive Summary
The project aims at to analyze the Indian Aerospace Industry and try to find out through secondary research the growth prospective of the same. Cobham has many capabilities that could be exploited to supply equipments and spares for the MRO (maintenance, repair and overhaul) industry in India.
So we used the various reports and predictions available at the websites of Airport Authority of India, Directorate General of Civil Aviation, Ministry of Civil Aviation and websites of various airlines and MRO companies to understand the market dynamics. We came across various difficulties faced by them and also saw various opportunities lurking round the corner.
We tried to estimate the fleet size of various airlines and the expected growth in next five years. Also the focus was given on the Non-Scheduled operators as their numbers is rising at a lightening pace. We also had the projections made by Ministry of civil aviation about the growth of passenger volumes in the future, and all the future growths were aligned to each other.
And all this growth in the commercial aerospace market will be a driving force for the MRO industry and hence market for Cobham will increase. Many foreign companies in MRO sector have already started to enter Indian market through joint-ventures with domestic firms.
After analyzing the future of MRO industry, we tried to lay a path for Cobham for its future endeavors in Indian Commercial Aerospace market.
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ContentsExecutive Summary......................................................................................................................................................3
Introduction.................................................................................................................................................................5
Project Objective..........................................................................................................................................................6
Commercial Aerospace in India....................................................................................................................................7
Cobham Capabilities in Commercial Aerospace.......................................................................................................8
Facts & Figures on Indian Aviation.........................................................................................................................10
Fleet Size of Schedule Operators (Manufacture wise)...........................................................................................11
Fleet Size of Scheduled Operators over the Year...................................................................................................12
Orders in Pipeline..................................................................................................................................................13
Passenger Movement by Scheduled Operator......................................................................................................14
Fleet Size of Non-Scheduled Operators.................................................................................................................15
Fleet Size of Non-Scheduled Operators over the Year...........................................................................................16
Passenger Handling by NSOP.................................................................................................................................17
Cargo Handling by Scheduled Operator.................................................................................................................18
Airport Penetration in India...................................................................................................................................19
Types of MRO........................................................................................................................................................20
Types of MRO Check..............................................................................................................................................21
MRO in India..............................................................................................................................................................22
India as the potential to be a MRO hub.................................................................................................................22
Hindrances to Growth...........................................................................................................................................23
Comparison of MRO Industry in India & Abroad...................................................................................................24
Changes Proposed in MRO Policy in 12th Five Year Plan........................................................................................25
New Partnership in MRO Sector (Recent Joint Ventures)......................................................................................26
MRO Facility completed in 11th Year Plan..............................................................................................................26
Certifications by DGCA – Categories......................................................................................................................27
DGCA - Category & Rating Category - CAR 145 and CAR M Sub Part ‘F’ Approval.................................................27
Major MRO Companies in India.............................................................................................................................28
Conclusion................................................................................................................................................................. 29
MRO Sectors to Expand Significantly.................................................................................................................29
Road Map Ahead...............................................................................................................................................29
Investment in MRO Sector will require at least 4-5 years for Return................................................................30
Sources......................................................................................................................................................................31
4
Introduction
Cobham is UK based company and opened its liaison office in New Delhi in 2010. It operates under following 3 different verticals
1) Cobham Aerospace & Security Divisiona. Cobham Aerospace Communicationb. Cobham Antenna Systemc. Cobham Tactical Communication & Surveillance
2) Cobham Defence System Divisiona. Cobham Sensor System
3) Cobham Mission System Divisiona. Cobham Aviation Servicesb. Cobham Life Supportc. Cobham Mission Equipment
With the recent change in Defense Procurement Policy and the new offset policy in India, the defense sector is now open for the private players. Also Foreign direct investment in defense sector is now allowed up to 26% (currently both public and private firms of Indian don’t have the capabilities and technology for producing cutting edge military equipments). Also in recent few years India has increased its Defense Budget at a surprising rate (grown at a CAGR of 15% over last 5 years, from USD$ 22.4 Million in 2008-09 to USD$ 38.9 currently) and Internal Security Budget (expected to grow to USD $25.6 Million by 2016-17 from USD $ 18.4 currently).
With the economic slowdown in Europe & USA and a saturating market in the west, foreign firms started looking towards Asia. Currently India is largest importer of Defense product (In last 5 years India accounted for 10% of the Global import and India procures 70% of their equipment from abroad). With changing policy in India, recent trends and increase in military budget, it made Cobham and other firms start their operations in India.
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Project Objective
Cobham Plc gets its major chunk of its revenues (72%) from Defense sector and only 28% comes from commercial sector. Also the major markets of Cobham are highly concentrated in only four nations, namely USA (61%), Mainland Europe (12%), Australia (10%) and UK (9%). ‘Rest of world’ as a market, accounts for only 9% of the total revenues of Cobham Plc. So in order to reduce dependence on defense market and increase the share of commercial sector along with increase its presence in the ‘Rest of world’, we tried to analyze Indian Commercial Aerospace industry as a prospective market for Cobham.
We analyzed the Indian Aerospace market in the light of its growing passenger traffic volume and the increasing fleet size of the airlines. And hence the growth of the MRO (maintenance, overhaul and repair) industries is implied. The MRO companies are the direct customers for the Cobham capabilities in the commercial aerospace market. We tried to look at various difficulties that are faced by Indian MRO industry and also the opportunities to come and on basis of that we concluded the future course that Cobham should follow to enter the Indian commercial Aerospace Industry.
6
Commercial Aerospace in India
The economic slowdown of 2008 has hit the global aviation severely with many airlines in USA and Europe in red mainly because of decrease in passenger volume, increase in fuel cost and increase in competition from low cost airlines. Despite the recovery in the passenger traffic volume after the slowdown, global aviation industry is still in recovery phase.
In India, aviation industry continues to looks promising despite of slowdown. Currently India is the 9th largest civil aviation in the world in terms of passenger traffic volume. It is poised to become 3rd largest by the end of this decade. Liberalization policy in mid nineties in Indian aviation sector led to this significant growth which saw coming of private airlines in India. This was also supported by strong demand from domestic passengers because of increase in purchasing power of middle class and attractive fares being offered by low cost airlines. In addition, Government has increased its focus of modernization of non-metro airport, opening up new airports and international routes.
Unfortunately since 2006, most of the Indian Airline companies are in red, mainly because of the increase in the Aviation Turbine Fuel, rising labor cost, increase in fleet size and intense competition among low cost airline companies. Despite of Indian airlines in red, the industry remains robust. Currently India’s civil aviation passenger growth is highest in the world followed by Brazil.
7
Cobham Capabilities in Commercial Aerospace
SATCOM Systems & Airborne Information Management
• SATCOM Antenna
• Hardware for in-flight
• Connectivity
• Airborne Information
• Management Systems for Cabin and Cockpit
Audio Management Systems
• Audio Control Panels
• Radio Management Panels
• SELCAL Decoders
• Cabin Audio Systems
• Passenger Announcement Systems
• Control Panels & Displays
Oxygen Systems
• Oxygen Bottles
• Oxygen Actuators & Valves
• OBIGGS
8
Aircraft external Structures, Antennas & Accessories
• Composite Radomes
• Structural Repairs
• Antennas
• Static Dischargers
• Aircraft lighting & Clocks
Engineering Services
• STC Certification Capability
• Aircraft Integration
9
Facts & Figures on Indian Aviation
1. Indian Aviation Market is the 9th largest civil aviation market in the world as per the passenger traffic volume
2. It is fastest growing aviation market and poised to emerge as the 3rd largest aviation market by the end of this decade
3. Passenger handling has capacity increased from 72 million (FY 06) to over 220 million ( FY 11 )
4. Domestic traffic will grow at 12%, from 106 Million in FY-11 to 209 million in FY-17
5. International traffic will grow at 8%, from 38 Million in FY-11 to 60 Million in FY-17
6. Passenger terminal capacity to be 370 million by 2017 across all airports as per investment plan
7. Cargo handling capacity has risen from 0.5 million MT (FY 06) to 3.3 million MT (FY 11)
8. 20 domestic airports have been converted for international operations in last few years
9. Additional requirement of 30 functional airport by 2017 and total of 180 functional airport in next 10 years as against 68 operational airports currently
10. 35 Non-metro airport identified in last few years for modernization at a cost of Rs 4500 crore, work expected to be completed by end of FY 12.
10
Fleet Size of Schedule Operators (Manufacture wise)
Quikjet Cargo Airlines Pvt. Ltd.
Deccan Cargo & Express Logistics Pvt. Ltd.
Blue Dart Aviation Ltd (Cargo).
Go Airlines (India) Pvt. Ltd.
Jet Lite (India) Ltd.
Air India Charters Ltd.
M/s Airline Allied Services Ltd.
SpiceJet Ltd.
Inter Globe Aviation Pvt. Ltd.,(Indigo)
Kingfisher Airlines Ltd.
Jet Airways
Air India Ltd.
0 20 40 60 80 100 120
1
2
7
25
20
7
19
22
11
33
64
25
12
51
36
12
82
4
7
AirbusBoeingBombardierATR
Manufacturer Number of Planes(March 2012)
Airbus 193
ATR 55
Boeing 181
Bombardier 11
11
Fleet Size of Scheduled Operators over the Year
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-122020*
100200300400500600700800900
10001100
440
1000
Fleet Size
As per projection by Boeing, Indian Airlines will require 1320 new Aircrafts by 2030 As per projection by Airbus, Indian Airlines will require 1043 new airlines by 2030
o 860 Fleet Expansiono 160 Replacemento 23 Freights
12
Orders in Pipeline
Airline Number Expected DeliveryIndigo 44 Airbus By 2016
180 Airbus Between 2016-2025Jet Airways 10 Airbus By 2015
10 Boeing By 201430 Boeing By 2015
Go Air 2 Airbus In 201372 Airbus 2015 Onwards ( 15 per year)
SpiceJet 30 Boeing Between 2014-20198 Bombardier By June 2012
Kingfisher 5 Airbus By 201420 Airbus By 201567 Airbus By 2016
Air India 27 Boeing From May 2012
Indigo
Jet Airways
GoAir
Spice Jet
Kingfisher
Air India
0 50 100 150 200 250
224
10
74
92
40
30
27
8
AirbusBoeingBombardier
Airbus Boeing Bombardier400 97 8
13
Passenger Movement by Scheduled Operator
2007-08 2008-09 2009-10 2010-11 2011-12 * 2017-180
50
100
150
200
250
300
111.87
209
37.24
60
149.11
269
Domestic InternationalTotal
In M
illio
n
14
Fleet Size of Non-Scheduled Operators
Air Charter Services Pvt. Ltd.
Himalayan Heli Services P. Ltd.
India Flysafe Aviation Ltd.
Mesco Airlines Ltd.
OSS Air Management Pvt. Ltd
Reliance Transport & Travels Ltd.
Span Air Pvt Ltd.
AR Airways (P) Ltd.
Religare Aviation Ltd.
Reliance Commercial Dealers Ltd.
Deccan Charters Ltd.
Global Vectra Helicorp Ltd
Pawan Hans Helicopters Ltd.
0 5 10 15 20 25 30 35 40 45 50
6
3
1
3
4
8
9
7
3
6
3
5
6
3
2
2
3
10
24
48
Fixed WingRotary Wing
*NSOP’s with fleet size of more than 5 are included in above bar –chart (as of March 2012)
15
Fleet Size of Non-Scheduled Operators over the Year
2006 2007 2008 2009 2010 2011 2012 FY 170
20
40
60
80
100
120
140
160
0
100
200
300
400
500
600
700
800
900
135
393
850
No
. of
NSO
P
No
. o
f A
ircr
aft w
ith
No
n-
Sch
ed
ule
Op
er
-at
ors
Break up of Non Schedule Operator Fleet for FY 17
300 Business Jets
300 Small Planes
250 Helicopters
16
Passenger Handling by NSOP
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2016-17*700
900
1100
1300
1500
1700
1900
2100
1380
1966
Passenger Handled
In 0
00’s
17
Cargo Handling by Scheduled Operator
2007-08 2008-09 2009-10 2010-11 2011-12*0
500
1000
1500
2000
2500
570740
1150
1340
1720
2080
Domestic
International
Total
In T
hous
and
Tone
s
18
Airport Penetration in India
Chhattisgarh
Delhi
Lakshya Dweep
Meghalaya
Mizoram
Nagaland
Orissa
Pudducherry
Tripura
Punjab
Rajasthan
Uttar Pradesh
Uttrakhand
West Bengal
Jharkhand
Himachal Pradesh
Kerala
Bihar
Assam
Madhya Pradesh
Maharashtra
Andhra Pradesh
Karnataka
Tamil Nadu
Gujarat
0 1 2 3 4 5 6 7
111111111
222222
333
44
5666
7
No. of Public Airports
Airports operated and maintained by Airport Authority of India are only considered.
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Types of MRO
Airframe Heavy Maintenance:
A detail inspection of the airframe and component, including any applicable corrosion prevention program, comprehensive structural inspection and overhaul of the aircraft.
Engine Overhaul:
Off-wing repair and replacement of parts to restore the engine to designed operational condition to guidelines established by the engine manufacturer. Typically the engine is disassembled, inspected, parts are repaired or replaced as necessary, reassembled and tested.
Component MRO:
Maintenance including repair and overhaul of the aircraft component, which provide the basic functionality for aircraft control and navigation, communication, control surface movement, cabin air conditioning electric power and braking.
Line Maintenance:
Light, regular maintenance check-up carried out to ensure the aircraft is fit for flight including trouble- shooting, defect rectification, overnight maintenance and component replacement.
20
Types of MRO Check
A Check -- Done after 60 flight hours (Once a week)
An amplified pre flight visual inspection of planes power plants, avionics and accessories (Average 10-20 man hours)
B Check – Done after 300-500 flight hours ( Once a month)
Always performed in Hangar
Inspection for preventive maintenance (exterior wash, engine oil), Oils filters are removed & checked, parts are lubricated & carefully examined (100-300 man hrs)
C Check – Done after 3500-4000 flight hours ( 12-18 months)
Components are repaired, major internal mechanisms are tested, flights controls are calibrated. Other tests include minor structural inspections, compressor, flight control rigging tests, engine, compressor washes and post-check flight tests
20000 man hours (4-6 week of duration)
Performed at Airline’s heavy maintenance & engineering centre
D Check – Done after 20000 flight hours ( 6-8 years)
Cabin interiors (including seats, galleys, lavatories, cockpit, furnishings, headliners and sidewalls) are removed to enable careful structural inspections Flights controls are examined and the fuel system is probed for leaks and cracks. The aircraft is stripped to its shell and rebuilt to return it to its original configuration.
21
MRO in India
Indian Commercial Aviation MRO market is currently valued at USD $800 million
Expected to grow to USD $1.06 Billion by 2015 & $ 2.5 Billion by 2020
India as the potential to be a MRO hub
Increasing Aircraft Fleet: As per projection by Boeing India will require another 1320 aircraft, as per Airbus India will require 1043 aircraft by 2030. As per the 12 th five years plan Indian Airlines fleet size will grow to 1000 from 440 currently.
Location Advantage: India is located in between of Europe & South-East Asia routes and South East Asia is poised to be the next global hub.
Fastest growing Aviation Market in the world: Currently India is 9 th largest aviation market and is about to become 3rd largest be the end of next decade. It is the largest growing market followed by Brazil
Modernization of Airports: Various initiatives has been taken up by Government for modernization of airport. In 2007, government identified 35 non-metros airports for development. Development of 26 airports has been completed and remaining is expected will be completed by end of FY12. 20 airports have been made functional for International operators in last few years.
Upcoming of new Airports: Greenfield Development of Airport at Bangalore & Hyderabad. Upcoming of airports at Navi Mumbai, Noida, Goa, etc.
Liberal Civil Aviation & Special Economic Zones (SEZ) policies - 100 per cent FDI in MRO sector
Manpower cost competitiveness - labour costs in India are around $30-35 per man-hour, compared to $55-60 in South-East Asia and the Middle East and even higher in the US and Europe
Low cost airlines prefers servicing of aircrafts locally to save time and cost
No in-house capabilities currently beyond line maintenance
22
Hindrances to Growth
Though the returns of all airlines (except for Indigo) are in RED but with proposed change in government policy and macroeconomic factors will boost the MRO industry in India
Reason for loss can be accounted to increase in price of ATF in India( price increased by 45% between 2010-2011)
Location Price/kilolitre (USD) As of March 2012
India 1400
Singapore 825
Bangkok 880
Kuala Lumpur 810
Dubai 840
Shortage of MRO training institute in India
Fleets are all brand new (will take a few years for them to spend long hours in hangars)
Expensive hangar space (A small hangar in Bangalore HAL airport cost Rs 10 Crore a year which comes out to be approximately $ 500 an hour)
Private airlines entered into long-term service agreements with foreign MRO players
Certification - by the Directorate General of Civil Aviation (DGCA), is not comparable with mandatory European & American standards (EASA & FAA)
23
Comparison of MRO Industry in India & Abroad
Particulars Indian MRO Foreign MROLabor 100 100Spares 100 100Sub Total 200 200Avg. Custom Duty @ 24% (on Spares & Materials)
24.00 --
Octroi @ 4% 4.96 --Vat @ 12.5% (On Aircraft Spares)
16.12 --
Service Tax @ 10.3% (On Labor) 10.3 --Airport Royalties @ 13% 26.00 --Grand Total 281.38 200.00
High Tax Regime in India is considered as a major hindrance of the MRO Industry Due to this higher Tax, Aircraft Servicing in India is 40%-50% more expensive than
competing MRO organization in the South Asia Region
24
Changes Proposed in MRO Policy in 12th Five Year Plan
Elimination of discriminatory taxation policy for domestic MRO players: Due to discrimination policy Indian MRO firms have to suffer an additional burden of 40% over foreign MRO. This led Indian carriers to take their fleet for services in Singapore, Indonesia & Dubai as it is cost effective. This taxation policy resulted in growth of MRO firms in competing countries
Abolition of import duties for spare parts: Due to high import duties (not applicable for foreign players) Indian players are unable to maintain inventory. This leads to grounding of aircrafts for longer period. Abolition of this tax will cut time required for servicing of Aircrafts.
Aerospace SEZs such as the ones coming up near Nagpur, Belgaum and Hyderabad to be considered for exemption from MAT (Budget 2011 has imposed a MAT of 18.5% on all SEZs). This will reduce operating cost of MRO firms and hence will promote MRO firms
Streamlining of licensing and security clearance procedures:
Impetus on MRO joint ventures: To promote joint ventures between MRO service providers and airlines for sustained business and cost advantages.
25
New Partnership in MRO Sector (Recent Joint Ventures)
Foreign Company Indian Company PlaceBoeing Air India NagpurMalaysian Aerospace Engineering
GMR Hyderabad
Lufthansa Technik GMR HyderabadEADS Air India DelhiAir France KLM Max Aerospace MumbaiSabena Taneja Aerospace BangalorePratt & Whitney HAL Bangalore
MRO Facility completed in 11th Year Plan
Company Name Location
Thales Avionics Maintenance GurgaonAirworks Facility Hosur
26
Certifications by DGCA – Categories
CategoryCAR 145 Approved Aircraft Maintenance OrganisationsCAR M Sub Part F Maintenance OrganisationCAR M Sub Part G Continuing Airworthiness Management
Organisation CAR Sec 2 Series E PART VI Category E : Fuel Lubricants and special products CAR Sec 2 Series E PART VIII Category G : AME Training SchoolsCAR 21 Sub Part G Approved Production Organisation for products,
parts and appliances
DGCA - Category & Rating Category - CAR 145 and CAR M Sub Part ‘F’ ApprovalClass RatingAircraft A1 Aero planes above 5700 Kg
A2 Aero planes 5700 Kg & below A3 Helicopters A4 Aircrafts other than A1,A2,A3
Engines B1 Turbine B2 Piston B3 APU
Specialized Services D1 Non-Destructive Testing Component other than completeEngine/Apu
C1 Air Cond & Pass C2 Auto Pilot C3 Communication & Navigation C4 Doors – Hatches C5 Electrical Power C6 Equipments C7 Engine – APU C8 Flight Control C9 Fuel-Airframe C10 Helicopter – Rotors C11 Helicopter – Trans C12 Hydraulic C13 Instruments C14 Landing Gears C15 Oxygen C16 Propellers C17 Pneumatic C18 Ice/Rain/Fire Protection C19 Windows C20 Structural
27
Major MRO Companies in India
1. Air Works India (Engineering) Pvt Ltd
2. Aircraft Telecom Maintenance Agency
3. BLUE DART Aviation Services
4. Deccan Charters
5. GMR Aviation Pvt. Ltd.
6. Hindustan Aeronautics Limited
7. Indamer Company Pvt Ltd
8. Instrulab
9. JET LITE (India) Limited
10. JET AIRWAYS (India) Limited
11. KINGFISHER AIRLINES
12. Max AeroSpace & Aviation Ltd
13. NACIL - Air India
14. PAWAN HANS Helicopters Ltd
15. Shaurya Aeronautics Pvt. Ltd
16. Taneja Aerospace & Aviation – TAAL
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Conclusion
MRO Sectors to Expand Significantly
1) Increasing fleet size of Indian Airlines: With increase in fleet size of airlines in India, MRO sector will get a significantly boost. Fleet size is expected to grow to 1000 by FY 20 from current strength of 440. As per Boeing and Airbus projection, India will require new 1320 & 1043 aircraft respectively by FY 30
2) Increase in modernization of airports: With increase in modernization of airports, aviation industry will grow at significant rate. This will result of coming of more private airlines and increase in fleet size.
3) Increase in passenger Traffic: With increase in passenger traffic, aviation industry is poised to grow and hence MRO sector. Domestic passenger traffic is expected to grow by 12% and International traffic by 8% for over next 5 years.
4) Availability of technical manpower at relatively low cost5) Coming up of Aerospace SEZ at Nagpur (Mihan SEZ) & Hyderabad6) Changes proposed in 12th year annual plan: The changes mainly aims at removing taxes imposed
on spares and other services of MRO sector as a result of which airlines has to spend 40-50% more in India as compare with MRO service in other country. Once this policy comes in effect Indian MRO sector will be comparable to other MRO sectors in neighbouring countries.
Road Map Ahead
1) To have MRO tie-ups with Airlines: This is to help to sustain business.2) Need to have tie-ups with at least 2-3 airlines: This is because at least 60- 70 airlines are
required for a good amount of profit. Currently Indian Airlines have currently only 440 airlines and most of them are new. So it will take a few more years for aircraft to spend longer hours at hanger
a. Indigo (Long Term): As of Feb 2012, Indigo has 56 fleets with an average age of 2.3 years. It is currently expected to receive 224 more Airbus aircrafts. In short term, from Indigo much can’t be expected in terms of MRO. In long term Indigo will play an important role as it will have one of the largest fleet among Indian Airlines as its fleet age will increase.
b. SpiceJet (Short Term) – As of Jan 2012, SpiceJet has a fleet size of 40 aircrafts with an average age of 4.6 years. In short term SpiceJet is a good option.
c. Jet Airways (Short Term) – As of May 2011, JetAirways has a fleet size of 100 aircrafts with an average age of 5.4 years. In short term Jet Airways is a good option.
29
d. GoAir – As of Jan 2012, GoAir has a fleet size of 72 with an average age of 2.7 years. Hence GoAir is not a good option for tie –up.
e. Kingfisher – As of Jan 2012, Kingfisher has a fleet size of 63 aircrafts with an average age of 4.5 years. Currently it has ordered for 92 aircrafts. In long term and short term it can be good option. As currently it is going through financial crisis, wait and watch policy should be applied.
f. Air India & its Subsidiaries (151) – As of Jan 2012, Air India has a fleet size of 151 aircrafts with an average age of approximately around 10 years. Can be a good option, but since it has developed its own MRO facility in JV with Boeing & Airbus (currently in talks) so tie-ups won’t be possible
Investment in MRO Sector will require at least 4-5 years for Return
1) Indian fleets are currently new and would spend fewer hours in hanger. For this to change it will take at least 4-5 years.
2) Currently fleet size is relatively small and will grow to a substantial number in next few years. (Major Airline in the world have more than 500 aircrafts individually, currently total fleet size of Indian Airlines is around 440. By 2020 fleet size of commercial scheduled operators are expected to reach to strength of 1000).
3) Shortage of MRO training institute. It will take few years for institute to flourish.4) Currently private airlines are in long term service agreement with Foreign MRO players which is
expected to expire in 5-10 years down the line.
30
Sources
1) Ministry of Civil Aviation of Indiaa. http://civilaviation.gov.in/cs/groups/public/documents/newsandupdates/
moca_001377.pdfb. http://civilaviation.gov.in/MocaEx/faces/monthly.jspx?
_afrLoop=790485091897260&_afrWindowMode=0&_adf.ctrl-state=gbxu8udgq_14c. http://civilaviation.gov.in/MocaEx/faces/annual.jspx?
_afrLoop=790475327113839&_afrWindowMode=0&_adf.ctrl-state=gbxu8udgq_19d. http://civilaviation.gov.in/MocaEx/faces/outcome.jspx?
_afrLoop=790480401196041&_afrWindowMode=0&_adf.ctrl-state=gbxu8udgq_24e. http://civilaviation.gov.in/MocaEx/faces/annualplan.jspx?
_afrLoop=790480530553217&_afrWindowMode=0&_adf.ctrl-state=gbxu8udgq_34
2) Directorate General of Civil Aviation, India (DGCA)a. http://www.dgca.nic.in/firms/Bangalore.pdf b. http://www.dgca.nic.in/firms/Eastern.pdf c. http://www.dgca.nic.in/firms/Northern.pdf d. http://www.dgca.nic.in/firms/Southern.pdf e. http://www.dgca.nic.in/firms/Western.pdf f. http://www.dgca.nic.in/operator/sch-ind.htm g. http://www.dgca.nic.in/operator/nonsch-ind.htm h. http://www.dgca.nic.in/pub/pub-ind.htm#monthly i. http://www.dgca.nic.in/pub/pub-ind.htm#yearly j. http://www.dgca.nic.in/pub/pub-ind.htm#international k. http://www.dgca.nic.in/pub/Pubb09-10/pub0910-index.htm l. http://www.dgca.nic.in/pub/pub08-09/pub0809-index.htm m. http://www.dgca.nic.in/caris/count_class.asp n. http://www.dgca.nic.in/caris/count_acname.asp
3) Airport Authority of Indiaa. http://www.aai.aero/allAirports/airports.jsp b. http://www.aai.aero/public_notices/aaisite_test/annual_reports.jsp
4) Wikipediaa. http://en.wikipedia.org/wiki/IndiGo b. http://en.wikipedia.org/wiki/Jet_Airways c. http://en.wikipedia.org/wiki/SpiceJet d. http://en.wikipedia.org/wiki/GoAir e. http://en.wikipedia.org/wiki/Kingfisher_Airlines
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f. http://en.wikipedia.org/wiki/Air_India 5) Websites of Individual Airlines in India (Public & Private)
a. http://book.goindigo.in/skylights/cgi-bin/skylights.cgi?module=C3&page=FLEET b. http://book.goindigo.in/skylights/cgi-bin/skylights.cgi?module=C3&page=PRESS c. http://www.spicejet.com/pdf/2010-11Annual%20Report.pdf d. http://www.spicejet.com/pdf/2009-10Annual%20Report.pdf e. http://www.spicejet.com/pdf/2008-09Annual%20Report.pdf f. http://www.spicejet.com/pdf/BSE%20-%20Q3-12.pdf g. http://www.spicejet.com/pdf/BSE%20-%20Q2-12.pdf h. http://www.spicejet.com/pdf/BSE%20-%20Q1-12.pdf i. http://www.spicejet.com/fleet.asp j. http://www.flykingfisher.com/about-us/our-fleet.aspx k. http://www.theubgroup.com/finance_annual_report.aspx?section=4 l. http://www.jetairways.com/EN/IN/InvestorRelations/financials.aspx m. http://www.goair.in/aboutus.aspx n. https://www.pawanhans.co.in/site/home.aspx
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