Air India, Pawan Hans buyout plans firming up
The Civil Aviation Ministry is hopeful of getting expression of interest (EoI) to buy Air India and Pawan Hans in the next couple of weeks.
By : migrator
Update: 2018-03-08 19:26 GMT
Hyderabad
Civil Aviation Secretary RN Choubey revealed this at the inaugural of the Wings India 2018 at Begumpet old airport here on Thursday. The theme of the biennial event is ‘India - Global Aviation Hub.’ Choubey said India, which had only 395 aircraft in 65 years, is poised to add 900 aircraft and the orders have been placed. The country added 56 airports in two years, contrary to the practice of opening one airport every year earlier.
“The challenge is we need to double the capacity of our airports every five years to sustain the additional passenger footfall. To beat the land constraint we hope to bring in wide bodied aircraft like Airbus 380 and making airports more efficient,” he added. Choubey said India had witnessed the highest growth of 17.5 per cent in domestic aviation sector during the past three years in terms of Revenue Passenger Kilometres.
“If the oil prices are soft, we will grow at the rate of 15 per cent for the next 20 years,” Choubey said. He urged the state governments to reduce VAT on aircraft fuel to encourage the aviation sector. He said under the UDAN scheme the Ministry will be renovating 400 airstrips and will keep the airfares low, enabling common man to fly. Choubey said the Ministry of Aviation has calculated that the airlines could sell eight million tickets every year with the addition of those who never travelled in a flight before the coming of the UDAN scheme.
Civil Aviation Minister P Ashok Gajapathi Raju was to inaugurate the four-day event. He, however, did not turn up as he would be quitting the Narendra Modi cabinet following the Telugu Desam Party’s decision over the Centre’s refusal to grant special category status to Andhra Pradesh.
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