Indian skies are already facing a problem of plenty. But that's not stopped 14 more airlines from trying to take off. Sky King, Mega Air and Palace in the sky are just some that should be up in the next 24 months. From royalty to pilots everybody's putting their money on the sky. And from low cost carriers to luxury liners. the sky is the limit! Following the trail of business houses like UB's Kingfisher; Wadias's Go and Modi's Spice Jet, are a host of individuals and clusters of small companies.
If Palace in the Air is being launched by the Maharaja of Mysore; City Air by a Dubai based Malayalee businessman, Sky King by a northeastern company and Mega Air by a Delhi based business group.
Magic air, Yamuna, Air One Visa, East West, Kerala Air, have been at the drawing board stage for a year now. All these airlines have applied for licenses to the civil aviation ministry. Some of them like Indigo and Magic Air may launch in the next few months
But industry experts are sceptical about their success. Cut throat competition means that margins are already under immense pressure. And while supply will exceed demand as aircraft ordered is growing at a rate of 28% whereas travllers are growing at 20% anually. Crumbling airport infrastructure will also be a critical issue. Given these constraints many of these aspiring airlines may back outcouple of aircraft and operating few routes will be the casulty. But till that happens the consumer can eventually. The future scenario experts say is like this- Three to four low cost airlines and two full service carriers will survive profitably. In this survival of the fittest airles with a single or a hope to fly high!