New Airline- Shankh Air

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 Key Highlights of New Airline Shankh Air:

  • Shankh Air's Approval: Shankh Air, a new airline in India, has received approval from the Civil Aviation Ministry, with its hub based in Lucknow and Noida. It aims to connect major cities, focusing on underserved routes.

  • NOC and DGCA Clearance: The airline has secured a No Objection Certificate (NOC) valid for three years but still needs clearance from the Directorate General of Civil Aviation (DGCA) to begin operations. It must comply with FDI and SEBI regulations.

  • Market Dominance: IndiGo holds over 60% of India's aviation market, while Air India is expanding through mergers with Vistara and AirAsia India. Smaller players like SpiceJet and Go Airlines are struggling, while new entrants like Akasa Air and Fly91 are trying to establish themselves.

  • Aviation Growth: India's aviation sector is rapidly growing, with domestic air traffic projected to increase by 6-8% and international traffic by 9-11% in FY24. The UDAAN program will further boost connectivity.

  • Challenges and Opportunities: High debt, fuel price fluctuations, and leasing costs have led to bankruptcies, but Indian airlines have 2,000 new aircraft on order. International traffic is expected to rise significantly by FY 2027-28.


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