Sunday, May 28, 2006

Welcome, to a decade of Aerospace...

NOTE: This blog was meant to be posted last year in March, however somehow it did not get posted! It was saved instead as a draft, I guess its time has come!


"The coming decade, will see the Indian aviation and aerospace sector grow as a global power.."
- Praful Patel, Minister of civil aviation, India.
And why not? Last year 8 new airlines took to sky, and are flying succesfully, with more than 70% occupany rate. Last year, the prices of an aircraft ticket started seriously competing with those of Railways, Last year, the Indian Airshow was the biggest and best ever in the history of southeast Asia rivaling with the world, last year Indian aviation companies ordered a total of more than 150 airliners overseas, it is said that they pretty much breathed a new life into aerospace. Indian orders combined with chinese orders, pulled some of the Boeing plants from the verge of mass layoffs and under capacity production!

The ground is laid, we are witnessing a new market taking off in India, and there are going to be HUGE opportunities, and huge risks!

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