Budget 2017: mixed reaction in aviation and tourism industries
The Dollar Business Bureau India’s aviation and tourism industry viewed the Union Budget 2017 as pro-growth and pro-poor budget, covering a wide sphere of the industry. They, however, felt that the Finance Minister could have made substantial announcements to make these two industries globally competitive. There were some positive reactions from the industry. KPMG Partner and Head (Aerospace and Defence) Amber Dubey who said that the government’s decision to develop, maintain and operate selected AAI airports in Tier 2 cities through PPP mode is a welcome step. “It will bring in greater efficiency, best practices and accountability. Higher commercial revenues will help reduce aeronautical charges and make flying more affordable," Dubey said. On Wednesday, Jaitely in the budget speech said the AAI framework will be ...
Airports to invest $8 bn on IT to enhance facilities
Source: PTI Globally airports are expected to invest over $8 billion in information technology space this year as more and more aerodromes upgrade the facilities to enhance passengers' experience, according to a survey. The annual Airport IT Trends Survey, co-sponsored by Airports Council International (ACI) and SITA in association with Airline Business, also indicated that operators were looking to develop 'smart airports' over the next three years with IT playing a major role in shaping them up. “The rate of investment in IT at airports around the world is rising. SITA estimates it will hit $8.7 billion in 2015. This forecast is a climb from 5.82% of revenues in 2014 to 6.25% this year,” the survey said. Airport Chief Information Officers ...
