‘Aviation policy to ensure level playing field’

New Delhi: The new civil aviation policy on the anvil will ensure a level playing field to domestic carriers as against the international players with a most “balanced approach” adopted, said the civil aviation minister, Mr Praful Patel, today said.
Responding to a suggestion by the Assocham president, Mr Venugopal N Dhoot, for strengthening the infrastructure, the minister said the Vision 2020 document was based on the most liberal policy approach and would provide tremendous scope to the public-private-partnership (PPP).
Earlier, Mr Dhoot said that Indian Airspace would have to add capacities at 15-20 per cent CAGR (compounded average growth rate) over the next 5-6 years to cater to growing opportunities of the sector and enhance its current fleet of aircraft to about 500 by 2020 from current level of 292.
The study estimates that this CAGR growth rate and increased aircraft fleet, including renewal, would require investments to the tune of $2 billion. The total aircraft fleet strength would have to reach 1,000 in future, including the replacement of the current fleet of 292 aircraft, which would require an additional estimated $80 billion investment.
16/06/07 The Statesman

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Categories: General Aviation Jun 2007