Indian aviation industry will need a minimum of 1043 new airplanes for carrying the growing base of travellers with in the country and also to carry the freight across the country & internationally.
With the entry waves of Air Asia in India, existing low cost carriers are threatened by further price reductions.
Airbus said in a report last year, 1043 airplanes by 2030 will cost USD145 billion to satisfy the rising demand in the country.
Local carriers like GoAir, Spicejet, Jet airways, AirIndiaExpress, Air Asia and others will now require just a no-objection certificate to start operations and will have the freedom to induct planes without getting approval from the ministry of civil aviation.
A government statement said on March 21, 2013.