Friday, January 31, 2020

Congenial environment for aviation sector; airlines to have 1,200 planes by FY'24: Survey

New Delhi: Indian aviation sector "re-established" its resilience this fiscal despite a large airline suspending operations and the government has been providing a congenial environment so that airlines can have more than 1,200 planes by 2023-24, according to the Economic Survey.

India is the world's third largest domestic market for civil aviation and has 136 Airports Authority of India (AAI)-managed airports as well as six aerodromes under public private partnerships, it said.

In recent times, domestic traffic growth had faced headwinds.

The Survey for 2019-20, tabled in Parliament on Friday, also said airlines operators in the country have scaled up their aircraft seat capacity from an estimated 0.07 annual seats per capita in 2013 to 0.12 in 2018.

"Indian aviation re-established its resilience in the year 2019-20. Despite a large airline suspending operations on April 17, 2019, the sector swiftly sprung back to fill the void created in passenger and air cargo capacity," it said.
To ease the strain on existing airport capacities, 100 more are to be made operational by FY 2023-24. Besides using 46 idle airstrips, 16 private greenfield airports, 15 AAI airports, 31 heliports, and 12 waterdromes would also be developed, as per the Survey.
31/01/20 PTI/Economic Times

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