Wings India 2022
Wings India 2022, the biggest gathering in Asia dedicated to civil aviation encompassing Commercial, General, and Business aviation, was brought to life through the collaborative efforts of the Ministry of Civil Aviation, the Airports Authority of India, and the Federation of Indian Chambers of Commerce and Industry. The event took flight from March 24th to 27th, 2022, at Begumpet Airport in Hyderabad, India, and all four days were bustling with a flurry of engaging activities
Key Points of Wings India 2022
- Global Aviation Summit: The initial two days of the Global Aviation Summit were marked by engaging panel discussions and roundtable talks. Esteemed representatives from the Government of India, influential decision-makers, global experts, business leaders, and stakeholders participated in these discussions.
- Wings India 2022: India’s Civil Aviation sector is rapidly emerging as a dynamic global aviation market. This growth is instrumental in propelling India towards achieving its ambitious goal of becoming a $5 trillion economy. India ranks as the third-largest domestic aviation market, with 274.05 million passengers in FY20, growing steadily at a CAGR of 12.91% from FY16 to FY20.
- Aviation Milestones: India has witnessed the inauguration of 75 airports over 75 years in its Civil Aviation history. Notably, the UDAN(Ude Desh Ka Aam Naagrik) initiative achieved remarkable progress within just three years, establishing scheduled connectivity for 76 previously unserved and 20 underserved airports, along with 31 heliports and 10 water aerodromes.
- Fleet Strength: Presently, India’s scheduled airlines operate a fleet of 713 aircraft throughout the year. Private airlines with scheduled services have ambitious plans to introduce over 900 additional aircraft in the next five years.
- Environmental Commitment: The aviation industry is demonstrating a commitment to greener skies. Comprehensive regulatory policies and strategies are being adopted to reduce carbon emissions associated with aviation.
- Passenger-Centric Approach: Systematic strategies have been integrated to address passenger grievances and enhance the overall operational efficiency of the aviation system.
What’s the Aim of Wings India 2022?
The main goal is aligned with India’s determined effort to elevate the nation into a premier global aviation hub. The event strives to create a welcoming platform that addresses the swiftly evolving nature of the aviation sector. Its primary focus includes fostering new business opportunities, attracting investments, shaping policies, and enhancing regional connectivity.
Wings India 2022 will inject renewed energy into the aviation sector, and its revamped forums will play a pivotal role in achieving the mission of uniting Buyers, Sellers, Investors, and other stakeholders under one roof. This common vantage point, ‘Wings India 2022’, aims to fulfill these objectives effectively.
Photos from Wings India 2022
Opportunities Within the Indian Aviation Landscape
Foreign Investment: The Indian aviation market offers lucrative opportunities for Foreign Direct Investment (FDI), permitting 100% FDI through the Automatic route for services like Ground Handling and Maintenance Repair and Overhaul (MRO) both in greenfield and brownfield projects.
Unveiling Potential: The current valuation of the Indian civil aviation MRO market is approximately USD 900 million. This valuation is projected to witness a remarkable surge to USD 4.33 billion by 2025, showcasing a promising compound annual growth rate (CAGR) of around 14-15%.
Skyrocketing Fleet: The nation’s fleet of airplanes is on an upward trajectory, anticipated to quadruple in size to a staggering 2500 aircraft by the year 2038.
Expanding Airport Network: The government’s ambitious plan includes developing 100 airports by 2024 under the UDAN Scheme. This initiative is geared towards establishing world-class civil aviation infrastructure that aligns with global standards.
After success of Wings India 2022 , Wings India 2024 The event is scheduled from 18th to 21st, January 2024, at Begumpet Airport, Hyderabad, India.
Wings India 2024 ( Yet to be held )
The civil aviation landscape in India has experienced remarkable growth over the past three years, making it one of the country’s fastest-growing industries. Notably, India has risen to become the third-largest domestic aviation market globally and is on track to surpass the UK, ascending to the rank of the third-largest air passenger market by 2024.
India’s civil aviation journey has been marked by significant achievements and the surmounting of various challenges, resulting in the establishment of one of the world’s most promising aviation markets. The sector’s expansion has been momentous. To unleash its full potential, the government has charted a strategic path to realize the vision for the Indian civil aviation sector by 2047. This roadmap focuses on policies geared toward modernization, embracing future technologies, and bridging the gap in last mile connectivity.
In alignment with the honorable Prime Minister’s aspiration to fulfill the common person’s dream of flying and building upon the resounding success of the previous edition, the Ministry of Civil Aviation (MoCA), Government of India, the Airport Authority of India (AAI), and the Federation of Indian Chambers of Commerce and Industry (FICCI) are collaborating to present the upcoming ‘WINGS INDIA 2024’. This flagship event will revolve around the civil aviation sector in this part of the world. The event is scheduled to take place from January 18th to 21st, 2024, at Begumpet Airport in Hyderabad, India.
WINGS INDIA 2024 is set to be the most comprehensive occasion on the civil aviation industry calendar, encompassing a series of key events. These include the Inaugural Ceremony, the Global Ministerial Conference, the Global CEOs’ Forum, B2B (Business-to-Business) and B2G (Business-to-Government) Meetings, the Awards Ceremony, a Cultural Evening, and a Business Networking Dinner. Additionally, the event will feature an Exhibition, Chalets, Demonstration Flights, Static Displays, Media Conferences, One-to-One Business Meetings, and much more.
