The aviation industry grounds are progressively elevating and strive to trace the highest pace by the year 2020 and by the year 2030, the industry intends to become largest by the year 2030. Presently, the Indian aviation market ranks ninth in the civil aviation market with a worth of US$ 16 billion.
If airline industry outgrow its current rank, it will also assist many other sector’s growth like ground handling services, shippers, manufacturers, shippers and many others. One city of India, which is pivot in the manufacturing of India’s aviation necessitates is Bangalore. It contributes 65 percent in the nation’s aviation manufacturing output.
During recent reports, the air traffic denseness has increased and has touched 23.14 percent between the months of January and August 2016.
The government has also decided to add some policy factor National Civil Aviation. The authorities are investing their 100% interest in the modernisation of Aviation industry and hence granted the 100 percent investment in brownfield airport projects cancelling the previous rule of government approval after 74 percent bar.
The government has brought necessary measures to bring domestic airlines more into use and limelight. Keeping this into view, the earlier prerequisite of requirement of 20 airlines and operation of at least 5 years have been replaced with 20 aircraft possession and 20 percent of total capacity to be made involved in domestic operations.
The Indian aviation market is still chaste with plethora of growth prospects. Flying is still not an easily chosen option for travelling in the country. This observation contains 40% of upper middle class section. India marks in top ranks in terms of landing fees, airport charges and aviation fuel. Still, the airline companies are constantly coming up with lucrative offers and luring facilities which is providing an improved facet to the industry.
The last two decades of data has shown that the aviation industry is on move and the growth rate ranks 2nd after China’s.
