Indian aviation is no more a rich man's prerogative and growth will continue on high trajectory in the new year, Union Minister Ashok Gajapathi Raju said as the sector saw the much-needed reforms taking off in 2016 with new policy and ambitious regional connectivity plans.
2016 bloomed as a "very meaningful year" with over 20 per cent domestic air passenger growth while scrapping of the once famous '5/20' overseas flying norms and relaxing of foreign domestic investment rules added to the sector's mojo.
Turning operationally profitable in the last financial year provided the much-needed impetus to Air India amid stiff competition among domestic carriers in 2016 even as they reaped benefits of lower oil prices -- a scenario unlikely to remain the same next year with changing geopolitical vibes.
Against this benign backdrop, passengers have a lot to cheer with airlines -- from budget to full-service ones -- coming up with discounted ticket prices as they look to fill more seats even as many ancillary services come at a price.
Also, biometric access for passengers has been tested at Hyderabad International Airport while tag-free hand baggage system is being tried at various airports.
As Raju remarked about the aviation sector, "It is a win-win situation."
30/12/16 PTI/Business Standard
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2016 bloomed as a "very meaningful year" with over 20 per cent domestic air passenger growth while scrapping of the once famous '5/20' overseas flying norms and relaxing of foreign domestic investment rules added to the sector's mojo.
Turning operationally profitable in the last financial year provided the much-needed impetus to Air India amid stiff competition among domestic carriers in 2016 even as they reaped benefits of lower oil prices -- a scenario unlikely to remain the same next year with changing geopolitical vibes.
Against this benign backdrop, passengers have a lot to cheer with airlines -- from budget to full-service ones -- coming up with discounted ticket prices as they look to fill more seats even as many ancillary services come at a price.
Also, biometric access for passengers has been tested at Hyderabad International Airport while tag-free hand baggage system is being tried at various airports.
As Raju remarked about the aviation sector, "It is a win-win situation."
30/12/16 PTI/Business Standard
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