Global Commercial Airlines Market Set for USD 430.2 Billion Growth by 2029

Global Commercial Airlines Market Set for USD 430.2 Billion Growth by 2029

By Manu Vardhan Kannan

Published on February 3, 2025

The commercial airlines market is poised for substantial growth, with a projected increase of USD 430.2 billion from 2025 to 2029. This expansion comes as air passenger traffic continues to rise, and a growing number of airports shift towards smarter, more integrated systems. According to Technavio, the market will see an 8.7% compound annual growth rate (CAGR) during this period, indicating robust momentum.

Key drivers for this growth include the rising demand for efficient narrowbody aircraft, which are becoming the preferred choice for airlines due to their fuel efficiency. Additionally, passenger travel continues to grow, with the Asia-Pacific region leading the way. This region alone accounts for 53% of the market’s contribution, with major economies like China and India experiencing rapid expansions in their air travel sectors.

However, rising operational costs, particularly in fuel and labor, are presenting significant challenges. Geopolitical instability, especially fluctuations in fuel prices due to sanctions and OPEC production cuts, continues to impact airline profitability. Labor costs, which have been stable in recent years, have risen sharply, adding further pressure on airlines’ bottom lines.

image

Amid these challenges, technology and innovation are emerging as key factors shaping the future of the market. Smart airports, powered by AI and integrated digital systems, are becoming more common, offering improved operational efficiency and better passenger experiences. These advancements are expected to increase profitability for airlines, especially during times of economic uncertainty.

The competitive landscape is marked by the presence of leading players such as Air China Ltd., American Airlines Group Inc., and Delta Air Lines, which are investing in more fuel-efficient aircraft and sustainable aviation technologies. Additionally, new aircraft models from companies like Mitsubishi Heavy Industries and advanced engine solutions are helping airlines keep their fleets updated and operational costs low.

Despite these advancements, airlines are still faced with the challenge of balancing fleet management and profitability in the face of rising fuel prices and other operational expenses. The industry must continue to innovate and adapt to these pressures to ensure long-term success.

The growth of the commercial airlines market is not just driven by technological advancements but also by the increasing need for connectivity, sustainability, and better service offerings for passengers. With AI-driven solutions and smarter, more efficient aircraft, the commercial aviation industry is entering a new era, ready to meet the demands of an expanding global travel market.


Athulya Senior Care Inaugurates Third Senior Care Facility in Bengaluru

Athulya Senior Care Inaugurates Third Senior Care Facility in Bengaluru

By Manu Vardhan Kannan

Published on August 14, 2026

Athulya Senior Care has inaugurated its third senior care facility in Bengaluru at Mathikere, further strengthening its presence and commitment to building a comprehensive senior care ecosystem in the city.

U.T. Khader, Minister for Health & Family Welfare, Government of Karnataka, inaugurated the new facility in the presence of healthcare professionals, senior citizens, partners and members of the Athulya family. Athulya Senior Care also acknowledged the support of Raksha Ramaiah and the MSR Infrastructure team for their partnership in developing the new facility. The purpose-built centre has been designed around the specific needs of seniors, bringing care, comfort, rehabilitation and dignity together under one roof.

image

Located in Mathikere, one of Bengaluru's premium residential neighbourhoods, the new geriatric care centre has been developed exclusively for senior citizens. It offers a range of services aimed at supporting seniors through different stages of care while also promoting active ageing and overall wellbeing.

The facility features 75 suite rooms, well-appointed living spaces and dedicated rehabilitation zones. It also includes technology-enabled physiotherapy services with virtual reality-based rehabilitation, specialised memory care infrastructure, emergency medical support, nutritious diet management and recreational spaces.

With the new centre, Athulya Senior Care now has 13 facilities live across India, including three centres in Bengaluru. The organisation has also crossed 300+ dedicated senior care beds in Bengaluru, expanding access to specialised geriatric care in the city. The new facility adds to Athulya's wider network of senior care services, with 1500 beds across India. Its expansion reflects the growing need for dedicated senior care spaces that combine medical support with rehabilitation, comfort and everyday wellbeing.

With 1500 beds across India and 300+ beds in Bengaluru, Athulya Senior Care continues to work towards one shared commitment, enabling seniors to age with dignity, independence and purpose.


ICAI to Support TTD in Strengthening Accounting and Financial Management Systems

ICAI to Support TTD in Strengthening Accounting and Financial Management Systems

By Manu Vardhan Kannan

Published on August 11, 2026

The Institute of Chartered Accountants of India (ICAI) held the 16th Meeting of its Strategy and Perspective Planning and Monitoring Committee at Tirupati on August 5, 2026, reaffirming its focus on supporting public institutions through professional expertise and research.

As part of the initiative, the ICAI Accounting Research Foundation (ICAI ARF) will conduct a detailed research study and prepare a project report to develop a stronger framework for the accounting and audit systems of the Tirumala Tirupati Devasthanams (TTD). The proposed work will focus on strengthening the existing systems and bringing accounting and financial management practices in line with current requirements.

During the visit, Sri Muddada Ravichandra, IAS, Executive Officer, TTD, met with the Central Council Members of ICAI. The discussions covered areas of collaboration between ICAI and TTD, including accounting reforms, financial reporting and governance. The Central Council Members also shared suggestions on expanding the partnership into other areas.

Speaking on the occasion, CA. Prasanna Kumar D, President, ICAI, said, "ICAI is collaborating with TTD in reviewing and updating the Accounting Manual of TTD, including the Chart of Accounts, to align it with the prevailing Accounting Standards and global best practices. The initiative will also focus on integrating ERP-based accounting processes to ensure uniformity and strengthen financial management systems across all institutions under TTD."

Appreciating the initiative, Sri Muddada Ravichandra, IAS, Executive Officer, Tirumala Tirupati Devasthanams (TTD), stated, "We appreciate ICAI for extending its support to TTD in strengthening our accounting and financial management systems."

The collaboration reflects ICAI's continued efforts to support public institutions through professional expertise, research-based inputs and the use of best practices in accounting, auditing and financial management. The initiative is expected to help TTD develop a modern and stronger financial management framework, while aligning its systems with contemporary accounting standards and governance requirements.


Longines Opens Third Boutique in Bengaluru with Sara Ali Khan

Longines Opens Third Boutique in Bengaluru with Sara Ali Khan

By Manu Vardhan Kannan

Published on August 11, 2026

Swiss watch brand Longines has opened its third boutique in Bengaluru at Phoenix Market City, marking another step in its presence in the city. The boutique was inaugurated by Longines Friend of the Brand Sara Ali Khan.

Following the inauguration, Sara Ali Khan also visited the brand’s boutique at Phoenix Mall of Asia, enjoying an outing with Longines in a relaxed vacation mode setting.

Speaking at the event, Sara said, “Given the fact that this is Longines third store in Bengaluru speaks volumes about the loyalty of its customers in this city. I hope this success story is replicated everywhere in India.” She further added, “Longines quietly marks every moment with effortless joy and elegance, that’s what makes it unique.”

For the season, Longines is presenting a selection of its latest releases across different collections. The range includes the refined PrimaLuna, versatile Conquest, seaside-inspired HydroConquest, and the exploratory Longines Legend Diver, offering timepieces designed for different settings, from busy city days to relaxed beach escapes.

The new boutiques reflect the brand’s wider universe and showcase its latest product range. Visitors can explore the refined shapes of PrimaLuna and DolceVita, the sporty HydroConquest, as well as the watchmaking tradition represented by the Longines Master Collection and heritage timepieces.

With its third boutique in Bengaluru, Longines continues to strengthen its presence in the city while bringing its latest collections closer to its customers.

Addresses:

  • Address: Longines Boutiques - Ground Floor, Phoenix Market City, Bengaluru / First Floor, Mall of Asia, Bengaluru / First Floor, UB City, Bengaluru.

Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!

Subscribe to Hospitality news e-magazine for free and never miss an issue.

By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.

Advertise With Us

We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.