CIDCO is ĂâpositiveĂâ that more firms would participate in the bid for the development of its ambitious Navi Mumbai International Airport project, according to a senior development authority official. Bids close on February 13 two extensions have already been given for the same.
Category: Aviation & Airports
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GMRĂâs airport SEZ plea turned down
A proposal by the GMR Group for converting an aviation SEZ into a multi-product SEZ has been rejected by the Expert Appraisal Committee (EAC) under the Union Ministry of Environment, Forests and Climate Change
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The aviation regulator needs a complete revamp
The decision of the Government of India to spend $10 billion towards airport infrastructure development is a critical move. India is one the few nations in the globe which has recorded a year-on-year passenger growth of nearly 23 per cent.
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Flaws in civil aviation policy will be resolved over a period of time
The new civil aviation policy is aimed at creating an ecosystem of affordable flying for the masses as well as easing industry-related concerns which were long due. To do so, the policy has addressed issues from the regulatory, financial and operational perspectives in a comprehensive manner in three main areas
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Our carriers are comparatively inefficient and not aggressive
The new aviation policy has brought in a lot of forward-looking changes to boost the slumping aviation industry; these changes have been made to make the industry more dynamic and lucrative for all the players and to level the playing field. One of the major changes which have been welcomed by the smaller airlines is that, prior to the policy change, an airline needed to have 20 planes and five years of local operations to fly overseas.
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Poised to Take Off
Airports are the next infrastructural buzzword that will be the game-changer in IndiaĂ´s developmental leap. This buzzword is expected to be exploited using existing growth drivers like exponential growth in passenger traffic and incremental cargo volumes over the next decade.
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There is huge potential for growth in the air cargo market
The reactions are positive and industry is also quite optimistic on the introduction of NCAP 2016. The objective of the government through NCAP is to establish an integrated ecosystem enabling significant growth of the civil aviation sector, which in turn would promote tourism, increase employment and lead to balanced regional growth.
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44 airports have potential for UDAN
About 44 airports across the country have high potential for operations under the Regional Connectivity Scheme (RCS) for civil aviation, UDAN, according to a report from industry body FICCI.
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Centre to spend $10 bn to develop airport infrastructure
A sum of $10 billion would be spent in the next five years to develop airport infrastructure in India so that the country could become the worldĂ´s third largest aviation market in seven years, Civil Aviation Secretary RN Choubey has said.
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Despite demonetisation, air passenger traffic rises 24percent in December
The governmentĂ´s demonetisation move, which reportedly hit demand in several sectors, has not had any impact on air travel in the country. The Indian aviation industryĂ´s strong passenger growth continued unabated in December when domestic airlines flew 23.91 per cent more passengers than a year earlier, according to latest data from the Directorate General of Civil Aviation (DGCA).