@itsbrokenagain
IndiGo is mostly responsible for the massive movement within the industry. And there is good reason why. By April 2017 their fleet size will grow from 100 aircraft today to 134 aircraft ( assuming aircraft deliveries are not delayed by Airbus )
They are adding the same number of airplanes in one year which is the same as the combined fleet of GoAir (19) + Vistara (9) + AirAsia India(6) today.
IndiGo even paid off the bonds for some A320 first officers in Air India so that they could leave and join IndiGo at the earliest.
GoAir is an another airline that would be expanding rapidly considering the 72 A320 NEO's on order.
Air India has signed a lease for 14 A320 NEO and is now again looking for another 15 A320 a mix of CEO and NEO.
SpiceJet which came back from its near death experience is also looking to expand rapidly . Its load factors have been 90% or above consistently for the last few months and has been reporting profits for the last few quarters.
India retains title of fastest growing aviation market | Latest News & Updates at Daily News & Analysis
If the Government removes the 5/20 rule to fly abroad then Vistara and AirAsia India should expand rapidly as well.
Large number of pilot recruiting agencies are looking for Expat Captains/ TRI/ TRE to fly for the airlines in India.
My only fear the is the further devaluation of the Indian Rupee against the U.S Dollar which can hamper the profitability of the airlines since 70% of their costs are linked to the U.S Dollar.