In 2023, Indian domestic airlines witnessed a substantial surge in aircraft induction, marking a 51% annual increase with a total of 133 planes. This expansion, fueled by the airlines’ efforts to meet the growing passenger demand, is indicative of a robust aviation sector. Among these additions, 21 aircraft were acquired through wet lease arrangements.
The Directorate General of Civil Aviation (DGCA), recognizing the momentum in aircraft inductions, has affirmed its commitment to enhancing regulatory capacities to expedite approvals. This strategic move aligns with the anticipation of continued growth in aircraft induction throughout 2024.