Thursday, November 11, 2021

Jet Airways will make a comeback into Indian skies, Akasa to take off next year, says Jyotiraditya Scindia

New Delhi: Jyotiraditya Scindia, Union Minister of Civil Aviation, on Thursday said competition in the civil aviation space is extremely important, and there should be at least four-five airlines in a country like India so that customers have a choice. In that context, he mentioned that India will have two new airlines next year along with a completely new Air India.

"On that note let me tell you, the first time in the last two decades when you see an era in civil aviation where as opposed to airlines being weeded out and closing down you are actually going to see next year the birth of two new airlines. You are going to have a reborn avatar of Jet Airways and you are going to see Akasa come into the fold along with a new crescent Air India," the aviation minister said in a fireside chat with Rahul Shivshankar, the Editor-in-Chief - Times Now & Editorial Director, during the second-day of Times Now Summit 2021 being held in the national capital.

Scindia said over the last two months as a civil aviation minister his focus has been on bringing structural reforms in the industry. "For me what is important is to see that the resurgence that has happened is continued. For that, I have looked at both demand-side factors and supply-side factors."

He said the civil aviation sector in India has changed a lot--from a low-volume high margin game to a high volume-low margin game is being playout now.  

Speaking on the supply side issues that the Narendra Modi-led NDA government has addressed so far, he said, "In 70 years in India (from1947-2014) we have built 74 airports. In seven years from 2014 till date, under Prime Minister Narendra Modi, we have built 62 airports."


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