“We are proud of our reputation for excellence within the industry and look forward to continuing to play an active and positive role in the development of India’s vibrant aviation sector”
Minister Praful Patel to deliver Keynote at Centre for Asia Pacific Aviation Summit
(New Delhi, 23 March 2006) Indian Civil Aviation Minister, the Hon. Praful Patel, will deliver the keynote address at the Centre for Asia Pacific Aviation's (CAPA) 2nd Annual India and Middle East Aviation and Tourism Investor Summit on 27-28 April 2006 in Mumbai. Minister Patel joins a star-studded list of speakers at this investor “Davos of Aviation” event in India, said Kapil Kaul, the Centre’s CEO Indian Subcontinent & Middle East. This is by far the most exciting group of speakers ever convened for an international aviation event in India. Delegates will gain extraordinarily valuable insights at the Investor Summit from this outstanding assembly of international and local speakers.
The confirmed speaker list includes:
- Stelios Haji-Ioannou, Founder and Chairman of easyGroup,
- Tony Fernandes, AirAsia, CEO;
- Adel Ali, Air Arabia, CEO;
- Jim Parker, Managing Director, Raymond James;
- James Wilson, CEO, Nakheel;
- Wolfgang Prock-Schauer, CEO, Jet Airways;
- Dr Prathap Ramanujam, Secretary, Sri Lanka Ministry of Tourism;
- Ajay Singh, Director, SpiceJet;
- George Bellew, CEO, Oman Airports Management Authority;
- Captain Gopinath, Managing Director, Air Deccan;
- Kiran Kumar Grandhi, Managing Director, Hyderabad International Airport;
- Jeh Wadia, Managing Director, Go Air;
- Manav Singh, Managing Director, Club One Air;
- Isabelle Kayaloff, Director, IJK & Associates.
According to Mr Kaul, the Indian aviation market is experiencing rampant growth providing tremendous opportunities for investors. The Centre projects that domestic air traffic will expand at 25% per annum, and international traffic at 15% per annum, through to 2010, generating demand for similar increases in airport capacity, aircraft availability, staff training and ancillary services.
Such has been the recent strong growth, that aircraft manufacturers, Airbus and Boeing, have significantly boosted their 20-year sales forecasts to Indian carriers in recent years. Boeing has gone from predicting 250 aircraft would be required over 20 years in 2002 to just under 600, while Airbus recently upgraded its forecast to 950 more than a three-fold increase from its forecast at the start of the decade.
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