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Well Vistara has just ordered 6 Boeing 787-9s. What are the chances that some of these will fly to Australia?
Well Vistara has just ordered 6 Boeing 787-9s. What are the chances that some of these will fly to Australia?
There's plenty of wealth at the top end in India - and even a small percentage = large number of potential pax. That said, the middle class is (as I understand it) still a huge area of potential growth but it hasn't quite taken off as expected, so that's probably a limiting factor.
Air India joined in 2014. Vista started in 2015Air India is already in Star Alliance though?
This!
Just look at the raw numbers. Let’s say the middle and proper wealthy class is 10-20% (I think it’s higher than that) of the population. That’s from a Billion people. So a potential market of 4 to 8 times the entire population of Australia! With some decent marketing that is a potential goldmine.
It’s a lot like the Indonesian market: a middle class of 50 million people in the next few years. Companies can ignore those markets at their peril.
I think we’ll see a situation much like the explosion of airlines and visitors from China in the 2020-2030 period, except it will be from India.
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I've been amazed there aren't more flights between Sydney and India. It's potentially a rapidly growing market. A growing middle class and an huge increase in the number of migrants in Australia from India.