With the aim to empower regional flights and greater connectivity for smaller cities of India, the government of India had brought out the UDAN (Ude Desh ka Aam Naagrik) scheme.
Launched in April 2017, the scheme is divided into two components. While in the first part, the government looked at developing new regional airports and also enhancing the existing ones, in the second component, the idea was to add new flight routes for more than 100 underserved and unserved airports in smaller towns.
With Air Odisha beginning operations, we take a look at how the regional flight industry is growing with the influx of private airlines.
Prime Minister Narendra Modi recently inaugurated Air Odisha’s flight which will connect Ahmedabad with Diu. Modi spoke about how this connectivity will cut travel time and boost tourism in the region. Last March, Air Odisha had received approvals to operate under 50 routes to foster regional connectivity.
As the aviation ministry looks at increasing the number of routes in which these airlines will operate, it also expects to collect INR 300 crore from the scheme per year. According to reports, India is already the third-largest aviation market only behind the US and China, with a growth rate of 15 per cent. Currently, the country has 394 unserved airports and 16 underserved airports.
Numerous private players have invested in the regional airline space. Ahmedabad-based GSEC Aviation and Monarch Networth capital have taken over Air Deccan which was promoted by GR Gopinath. Jointly operating under a new company called GSEC Monarch Aviation, they have also bought a majority stake in Air Odisha. Interestingly, GSEC Aviation is owned by Rakesh Ramanlal Shah who is the brother-in-law of Gautam Adani, the billionaire chairman of Adani Group.
Meanwhile, Mahindra Aerospace has also entered into a partnership with the Canada-based Viking Air to develop regional air transport solutions. Regional air connectivity in India is looking at smaller airplanes, and thus the partnership fits well. While the Canadian company manufactures Twin Otter, a 19-passenger aircraft, Mahindra is known to build Mahindra Airvan 8 (an eight-seater aircraft) and also Mahindra Airvan 10 (a 10-seater).
26/02/18 Sanchita Dash/Entrepreneur India
To Read the News in full at Source, Click the Headline
Launched in April 2017, the scheme is divided into two components. While in the first part, the government looked at developing new regional airports and also enhancing the existing ones, in the second component, the idea was to add new flight routes for more than 100 underserved and unserved airports in smaller towns.
With Air Odisha beginning operations, we take a look at how the regional flight industry is growing with the influx of private airlines.
Prime Minister Narendra Modi recently inaugurated Air Odisha’s flight which will connect Ahmedabad with Diu. Modi spoke about how this connectivity will cut travel time and boost tourism in the region. Last March, Air Odisha had received approvals to operate under 50 routes to foster regional connectivity.
As the aviation ministry looks at increasing the number of routes in which these airlines will operate, it also expects to collect INR 300 crore from the scheme per year. According to reports, India is already the third-largest aviation market only behind the US and China, with a growth rate of 15 per cent. Currently, the country has 394 unserved airports and 16 underserved airports.
Numerous private players have invested in the regional airline space. Ahmedabad-based GSEC Aviation and Monarch Networth capital have taken over Air Deccan which was promoted by GR Gopinath. Jointly operating under a new company called GSEC Monarch Aviation, they have also bought a majority stake in Air Odisha. Interestingly, GSEC Aviation is owned by Rakesh Ramanlal Shah who is the brother-in-law of Gautam Adani, the billionaire chairman of Adani Group.
Meanwhile, Mahindra Aerospace has also entered into a partnership with the Canada-based Viking Air to develop regional air transport solutions. Regional air connectivity in India is looking at smaller airplanes, and thus the partnership fits well. While the Canadian company manufactures Twin Otter, a 19-passenger aircraft, Mahindra is known to build Mahindra Airvan 8 (an eight-seater aircraft) and also Mahindra Airvan 10 (a 10-seater).
26/02/18 Sanchita Dash/Entrepreneur India
0 comments:
Post a Comment