Business
DGCA: 16 AOC holders endorsed with 771 aircraft in 2023

New Delhi, Jan 5
The Directorate General of Civil Aviation (DGCA) granted Air Operator Certificate (AOC) to 16 airline operators in the year 2023, an official said on Thursday.
As on December 31, 2023, these AOC holders boast a collective fleet of 771 aircraft, underscoring the burgeoning growth of the aviation industry in the country.
In a proactive move to address potential capacity shortfalls due to grounded aircraft, the DGCA has also given green light for the induction of 21 aircraft on wet/damp lease basis last yeaar.
“This strategic decision has proven vital, especially considering the challenges posed by unforeseen grounding incidents that may affect regular operations,†said a senior DGCA official.
In 2023, scheduled operators embraced an ambitious trajectory by inducting a total of 112 aircraft into their fleets. This marks a substantial increase of 38 per cent as compared to the 81 aircraft inducted in 2022.
“Taking into account the 21 wet/damp lease aircraft, the total induction of aircraft stands at 133 as against the corresponding figure of 88 in 2022, which represents a significant increase of 51 pert cent over the previous year, thereby augmenting capacity in a growing aviation market,†said DGCA Director Vikram Dev Dutt.
“This has helped in achieving the twin outcomes of enhanced network coverage giving a boost to connectivity, and comparatively lower fares during the festive season to the overall benefit of the passengers.
“In line with the anticipated increase in aircraft inductions in 2024, the DGCA is suitably enhancing its regulatory capacity to further speed up the regulatory approvals related to the induction of aircraft,†Dutt added.

10 hours ago
Two sisters, one recipe; from grandmother’s culinary craft to a ₹10-crore brand.

10 hours ago
Rebel Foods achieves ₹1,000 crore in sales through the cloud kitchen model.

11 hours ago
"Prepare to be deported": Rubio Says visa revocations underway for foreigners celebrating Kirk's death

11 hours ago
Trump warns Europe to 'stop buying oil from Russia', asks Zelenskyy 'have to make a deal'

11 hours ago
Realism and caution must be adopted in efforts to add momentum to warming India-China ties: Report

11 hours ago
PM Modi, Denmark counterpart Frederiksen vow to strengthen Green Strategic Partnership

13 hours ago
South Korea confirms plan for OPCON transfer from US within Lee's 5-year term

13 hours ago
Khalistani elements raise funds under guise of charity, use it for extremist causes: Report

13 hours ago
‘Butch Cassidy and the Sundance Kid’ star Robert Redford passes at the age of 89

15 hours ago
'Most degenerate newspaper': Trump slaps $15 billion defamation suit on New York Times

15 hours ago
US to begin applying tariff on Japanese automakers, Korean cars subject to 25 pc levy

18 hours ago
A Vibrant Tapestry of Joy: Bloomington’s Festival of Joy 2025 Unites Hearts in Celebration

18 hours ago
Zeenat Aman: I never found myself to be beautiful