India's record breaking aviation growth continues unabated. The International Air Transport Association (IATA) has said that the country saw the fourth highest number of passengers taking off in 2016, up two places from the previous year, overtaking the UK and Brazil.
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.
IndiaÂ´s aviation sector is soaring high, with the month-on-month passenger growth for the month of July hitting a record 25 per cent. The total number of passengers carried by domestic airlines during the January to July 2016 period was 560.87 lakh versus 455.95 lakh during the corresponding period of previous year, thereby registering a growth of 23.01 per cent, says the latest data released by DGCA.
Aviation regulator DGCA is likely to come out with fresh guidelines on block hours, a yardstick for on-time performance, to remove disparity among airlines. Block hours refer to the moment a commercial aircraft leaves the departure gate until it lands and reaches the arrival gate, or till its engines are working.
Scheduled airlines as well as non-scheduled operators in the country will no longer have to seek the civil aviation ministryÂ´s approval for importing aircraft after having secured an in-principle approval prior to entering into negotiations for purchasing the aircraft.