Explorer

Every Dollar Invested In Civil Aviation Yields $3.1 In Terms Of New Growth: Jyotiraditya Scindia On IndiGo-Airbus Deal

Scindia on Tuesday hailed IndiGo's deal with Airbus to procure 500 A320 aircraft and termed it as a significant milestone for the India aviation industry

Civil Aviation Minister Jyotiraditya Scindia on Tuesday hailed IndiGo's deal with Airbus to procure 500 A320 aircraft and termed it as a significant milestone for the India aviation industry. The minister told ANI news agency, “India has set another landmark with this largest-ever recorded order by a carrier with any aircraft manufacturer in the world.” He expressed confidence that this investment will yield fruitful outcomes in terms of employment opportunities within India.

Expressing optimism for the employment prospects associated with the deal, the minister said, “Every dollar invested in civil aviation yields $3.1 in terms of new growth, as well as the employment multiplier. Every direct job in civil aviation results in 6.1 indirect jobs in the sector. And therefore, there are tremendous dividends that accrue from the ever-expanding civil aviation sector.”

The minister also pointed out the reasons behind airfare hikes. He said, "...There was a rise in airfare due to two reasons. Civil Aviation is a seasonal sector. We have high season and low seasons. That was a high season effect. Meanwhile, operation of one of our airlines discontinued. So, that added to the pressure and there was an excess demand...In last 10 days, the fares have gone down by 16-64 per cent.”

India’s biggest airline, IndiGo’s, mutli-billion dollar deal is said to be one of the largest-ever aircraft purchases by an airline. This comes five months after Air India placed orders for 470 aircraft with Airbus and Boeing. The purchase order by IndiGo is the largest-ever aircraft order placed by any airline with Airbus. However, the financial details of the order were not disclosed.

IndiGo's order is bigger than Air India's order of 470 aircraft from Airbus and Boeing placed in March. The report pointed out that IndiGo also has a pending delivery of 477 aircraft from the A320 family by 2030.

View More
Advertisement

IPL Auction 2025

Most Expensive Players In The Squad
Virat Kohli
₹21 CR
Josh Hazlewood
₹12.50 CR
Phil Salt
₹11.50 CR
View all
Most Expensive Players In The Squad
Rishabh Pant
₹27 CR
Nicholas Pooran
₹21 CR
Ravi Bishnoi
₹11 CR
View all
Most Expensive Players In The Squad
Jasprit Bumrah
₹18 CR
Suryakumar Yadav
₹16.35 CR
Hardik Pandya
₹16.35 CR
View all
Most Expensive Players In The Squad
Heinrich Klaasen
₹23 CR
Pat Cummins
₹18 CR
Abhishek Sharma
₹14 CR
View all
Most Expensive Players In The Squad
Ruturaj Gaikwad
₹18 CR
Ravindra Jadeja
₹18 CR
Matheesha Pathirana
₹13 CR
View all
Most Expensive Players In The Squad
Shreyas Iyer
₹26.75 CR
Arshdeep Singh
₹18 CR
Yuzvendra Chahal
₹18 CR
View all
Most Expensive Players In The Squad
Sanju Samson
₹18 CR
Yashaswi Jaiswal
₹18 CR
Riyan Parag
₹14 CR
View all
Most Expensive Players In The Squad
Venkatesh Iyer
₹23.75 CR
Rinku Singh
₹13 CR
Varun Chakaravarthy
₹12 CR
View all
Most Expensive Players In The Squad
Rashid Khan
₹18 CR
Shubman Gill
₹16.50 CR
Jos Buttler
₹15.75 CR
View all
Most Expensive Players In The Squad
Axar Patel
₹16.50 CR
KL Rahul
₹14 CR
Kuldeep Yadav
₹13.25 CR
View all
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Who Will Be The Next Maharashtra CM? Mahayuti Leaders Huddle At Amit Shah’s Residence As Suspense Continues
Who Will Be The Next CM? Mahayuti Leaders Huddle At Amit Shah’s Residence As Suspense Continues
'Ensure Religious Freedom, Security': Sheikh Hasina Slams Chinmoy Das' Arrest, Demands Immediate Release
Sheikh Hasina Slams Bangladesh Hindu Monk Chinmoy Das' Arrest, Demands Immediate Release
Who is Vishnu Gupta, Hindu Sena Chief Behind Plea Claiming Existence Of Shiva Temple At Ajmer Dargah
Who is Vishnu Gupta, Hindu Sena Chief Behind Plea Claiming Existence Of Shiva Temple At Ajmer Dargah
Priyanka Gandhi's Kasavu Saree During Parliament Oath Evokes Memories Of Grandmother Indira
Priyanka Gandhi's Kasavu Saree During Parliament Oath Evokes Memories Of Grandmother Indira
Advertisement
ABP Premium

Videos

Breaking News: Controversy Erupts Over Claim of Temple Inside Ajmer Dargah in RajasthanBreaking News: ED Team Attacked in Delhi's Bijwasan Area | ABP NewsSambhal Mosque Clash: Tightened Security Ahead of Namaz Following Violence | ABP NewsShocking Video from Sambhal Mosque Clash Day Will Leave You Stunned | ABP News

Photo Gallery

Embed widget