AeroIndia 2011 takes to the skies
COME February, India's most prestigious biennial air show event, AeroIndia takes to the Indian skies by storm. The event, by far the largest ever, is witnessing as many as 380 foreign companies set to display their products-- there will be 29 exhibiting countries, 70 visiting countries and eight countries with their own pavilions. There will also be 295 domestic companies, compared to 289 in 2009, during the five-day airshow. The organizers expect 50,000-75,000 visitors in a single day.
The show is likely to surpass all previous figures in terms of participating countries, companies, space and business. It looks like civil aviation sector at 54 per cent will overtake military aviation content at 46 per cent in this year's show. The number of exhibitors too has grown by 16 per cent with 675 firms -- 380 foreign -- booking space compared to 581 companies in the last edition two years ago. The air show would also see 350 official business delegations from countries such as the US, Germany and Italy visiting the event with about 175,000 visitors. Among the countries that is participating are Afghanistan, Israel, the Maldives, Mongolia, Uzbekistan and Vietnam.
Around 95 aircraft, including 47 foreign, would be either on static or flying display at this edition's AeroIndia. Besides the Eurofighter Typhoons and the F16s, two of our own indigenously built aircraft— the Light Combat Helicopter (LCH) and the Light Combat Aircraft (LCA) Navy— will make their debut at the show.
Good news for aviation sector is the increase in demand for business jets globally. Sale of around 11,000 new bizjets worth US$ 225 billion is forecasted from 2010 through 2020. This represents approximately a 10 per cent increase in total expected industry sales value versus the prior ten year horizon.
Besides the bizjet business in India too is seeing a spurt in sales, led by demand for entry-level 'light jets' that can be purchased for Rs.16 crore or just Rs.4 crore more than a luxury car brand.
All said the future of Bizjets in India is going to be bright.