Civil Aviation Policy envisages growth of cargo volumes to 10 mn tonnes by 2027
The Dollar Business Bureau The National Civil Aviation Policy, 2016 has envisaged growth of cargo volumes to 10 million tonnes by 2027. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports grew by more than 20 times from 0.08 million metric tonnes in 1972-73 to 2.5 million metric tonnes in 2014-15, and its compound annual growth rate (CAGR) was 8.8% during 2013-14 to 2016-17. Measured in million tonne-kilometers, the data maintained by the World Bank also shows that air freight transported by India went up from 96.3 million tonne-kilometers in 1970 to 1,833.8 million tonne-kilometers in 2015. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports ...
India will consider an open sky agreement for flights within 5,000 km: Oman Air
The Dollar Business Bureau India has plans to have an open sky agreement with the nations, which are within the radius of 5,000 km, said Oman Air Chief Executive Officer (CEO) Paul Gregorowitsch on Thursday. An open sky agreement refers to an agreement between two nations to allow each other airlines to have an unlimited number of flights, seats, etc between the two countries. “If the current policy of the Indian Government is to also consider an open sky (agreement) for those destinations which are within 5,000 kilometres materialises, in the next two years, then it will automatically (provide us) a more level environment,” said Gregorowitsch, while briefing a media round table in New Delhi. He was confident that the measure could be put ...
Hisar aerodrome to be developed as Integrated Aviation Hub
The Dollar Business Bureau The work to establish an integrated hub for aviation at Hisar will start this year during the golden jubilee celebrations of Haryana. Haryana’s 'Swarn Jayanti' celebrations will start on November 1, 2016 and continue till October 31 2017. Haryana became a separate state in the year 1966. “The state-of-the-art aviation hub would be developed over an area of over 3,000 acres. The central government has been urged to include Hisar and Karnal in the Regional Connectivity Scheme which would come into effect in the second quarter of 2016-2017,” Rao Narbir Singh, Haryana's Civil Aviation Minister, said on Tuesday. In the first phase of the project, a series of activities is to be undertaken ...
FDI reforms to push India-US trade: USIBC
The Dollar Business Bureau A business activity group said that the number of reforms announced by India for boosting Foreign Direct Investment (FDI) in several sectors will strengthen the bilateral trade between US and India. Mukesh Aghi, President, US-India Business Council (USIBC) on Monday said, “The broadened scope of FDI regime in sectors such as defence, broadcasting services, civil aviation and pharmaceuticals will give a fillip to the bilateral trade potential of US and India.” The USIBC said that to liberalise the FDI regime in civil aviation, defence, pharmaceutical sector and broadcasting services just after the Prime Minister’s visit to the US earlier this month has boosted the confidence of the investors. Aghi said, “We appreciate the decision of the government for liberalisation of FDI ...
NCAP will bring Achhe Din for the Indian MRO industry
The first vibe of acche din was felt when 36% royalty on gross turnover imposed by airports on MROs was brought down to 15% Sairaj Aiyyer |The Dollar Business The Rs.5000 crore Indian MRO market, has expertise, bandwidth to handle all kinds of MRO activities such as full aircraft maintenance, repairs, overhaul, and also components servicing In a conversation with The Dollar Business, Pulak Sen hints that the to-be-announced National Civil Aviation Policy would delight MROs. As a Founder - Secretary General of the MRO association of India, Pulak Sen is an ex-aviation journalist and a representative of the Indian MRO industry. Dressed in a green suit, and a white hat, Sen has the charisma of a Johnny Depp from the Pirates of ...
