Indian aviation set to fly
Things to know about India Aviation Exhibition & Conference 2016 at Hyderabad:
- Indian civil aviation sector grew at14 per cent over the past decade.
- Indian set to emerge as the third largest aviation market by 2020
- By 2020, the total air passenger traffic likely to touch 421 million.
- It is estimated that India will need 800 aircraft to meet this increase in passenger traffic.
- Draft civil aviation policy is likely to be approved and made operational in April 2016
- Of a 350 million strong middle class population only 70 million fly to their destinations, potential for growth is phenomenal.
- Civil Aviation minister Ashok Gajpathi Raju says the government is committed to make flights affordable and boost regional connectivity that will be a game changer.
- There are 350 airstrips lying unused which will be turned into no frills small airports in next few years.
- Maintenance, Repair and Overhaul (MRO) facilities to be given big boost to get the domestic business as well as from South East Asian countries, total potential of business in MRO may touch two billion dollars.
- Government will make MRO attractive by giving concessions in taxes and spares.
- Both Airbus and Boeing have predicted tremendous growth for the Indian civil aviation sector over the next 15 years.
- The five-day show was inaugurated by the President Pranab Mukherjee on March 16.
- This is the fifth edition of India Aviation and Exhibition Conference which is held every alternate year.
- More than 200 exhibitors and leading airlines are participating in the mega show.
- On static display are: Super jumbo A 380 of Emirates, A 350 of Qatar Airways and a number of business jets by companies like Embraer, Gulfstream and Bombardier