keypoints:
Expansion of Airstrips: The Civil Aviation Ministry in India is focusing on developing more airstrips to boost air connectivity, especially to Tier II and III cities.
Regulatory Calibration: Regulations for both major and small airports are being reviewed and adjusted to facilitate growth and efficiency in the aviation sector.
Airport Growth: The number of airports in India has increased from 74 to 157 in the past decade, with further development planned through brownfield projects.
Collaboration with Defence: Efforts are underway to utilize defence airfields for civil aircraft operations, optimizing infrastructure and resources.
Support for Airlines: The ministry aims to create a conducive ecosystem for airlines, addressing issues such as taxation for Maintenance, Repair, and Overhaul (MRO) organizations.
Environmental Commitment: There’s a commitment to using Sustainable Aviation Fuel (SAF) to align with global efforts to reduce carbon emissions in the aviation sector.
International Compliance: India is preparing to enact legislation related to the Cape Town Convention (CTC) to streamline aircraft leasing processes and align with international standards.
Projected Growth: Capaital India forecasts a 6-8% rise in domestic air traffic and a 9-11% increase in international traffic for the fiscal year 2024-25.
It’s exciting to see India’s Civil Aviation Ministry taking proactive steps to enhance air connectivity and support the growth of the aviation sector. Developing more airstrips and calibrating regulations for airports, both major and small, demonstrates a commitment to meeting the increasing demand for air travel, especially to Tier II and III cities.
Expanding the number of airports from 74 to 157 in the past decade shows significant progress, and the focus on brownfield projects for further development is a strategic move. Additionally, the collaboration to utilize defence airfields for civil aircraft operations will optimize resources and infrastructure.
The emphasis on creating a conducive ecosystem for airlines, including addressing taxation issues for MRO organizations, is crucial for sustaining growth and fostering a competitive environment.
The commitment to using Sustainable Aviation Fuel (SAF) aligns with global efforts to reduce carbon emissions and promote environmental sustainability in the aviation industry.
Furthermore, the readiness to enact legislation related to the Cape Town Convention reflects India’s commitment to international standards and agreements, which can enhance investor confidence and streamline aircraft leasing processe