Union Civil Aviation Minister Ram Mohan Naidu on Friday said that the government is closely monitoring the unfolding West Asia crisis in order to keep the aviation sector insulated from disturbances.
Speaking at the inaugural session of the India Aircraft Leasing and Financing Summit 2. Organized by the Federation of Indian Chambers of Commerce and Industries (FICCI) in the GIFT City, Gandhinagar, he pointed out that the government recently announced a credit line guarantee scheme earmarking Rs 5,000 crore to ease liquidity pressure on the airlines.
Referring to other steps taken by the government, he said that they have capped the monthly increase in aviation turbine fuel at 25%, and the airports have cut down the landing and parking charges to 25%.
Naidu said that India’s aviation sector is not merely growing; it is transforming at a pace that is catching the attention of the entire world.
He said, “The kind of growth the sector is seeing, India is going to become the third-largest aviation market in the world if you look at the orders that Indian domestic carriers have placed.” IndiGo has placed an order of 1330 aircraft with Airbus, and Air India also placed an order of around 570 aircraft.
It may be mentioned that new airlines have received government approvals, and a record number of pilot licenses have been issued in the last one year.
08/05/2026 Financial Express
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