Recent Indian Aviation Industry News that are a Proof Aviation Market is on the Rise
Aviation Industry Boom in India
India’s domestic Aviation market has made its way to the third largest aviation market in the world while the overall civil aviation market is set to become the third largest in world by the end of 2020. By 2020, the Indian airports are expected to witness a growth in passenger traffic up to 421 million.
Reports state that by the end of May, there are 588 airplanes in the fleet of Indian airlines that are in-service. But this number is expected to grow to 1100 planes by the end of 2027.
Several government connectivity initiatives like UDAN (Ude Desh ka Aam Nagrik) have been started by PM to make flying cheaper and accessible to common man.
Indian Aviation Industry News
As per Civil Aviation Minister Jayant Sinha, the Indian airline industry is certainly booming and at a phenomenal rate but whether any particular airline is booming, it depends on the industry dynamics and the specific airlines strategy.
He also quoted that the rising fuel prices is also not going to affect the flow of passengers as there is a lot of competition in the industry and an increase in the input materials’ prices isn’t going to reflect on the end prices. This is because of the lot of competitive strategies all major airlines are resorting when it comes to being functional amidst rising prices.
Sikkim’s Pakyong Airport was inaugurated by Prime Minister Narendra Modi nine after its foundation stone was laid. Sikkim’s first airport, Pakyong, is spread across a sprawling 201 acres and is located at a distance of nearly 2 km from the village. The airport sprung into action soon after as it saw its first ever domestic flight touching the ground on October 4 by carrier SpiceJet.
Pakyong Airport is believed to provide the much-needed boost to the air connectivity in the northeastern part of the country compared to the earlier scenario where the nearest airport to Pakyong was in Gangtok, around 124 km away in Bagdogra.
India’s 100th airport, Sikkim’s Pakyong Airport is nothing short of an engineering marvel as it stands atop 4,500 ft. providing a stunning view of the city. Managed by Airport Authority of India (AAI) and built at a whooping cost of Rs 605 crore, the airport has a runway nearly 1.75 km long and is located merely 60km from China’s border. Pakyong Airport is also believed to be giving a boost to India’s Defense Services as well as IAF will be able to land their various aircrafts at Pakyong Airport.
After the recent unveiling of Pakyong Airport in Sikkim, the northeast part of India is all set to witness robust air connectivity with the announcement of a stunning airport in Arunachal Pradesh, Hollongi Airport. Jayant Sinha, Union Minister said in his statement that Greenfield Airport in Hollongi is expected to have better facilities than Pakyong Airport, once inaugurated.
One of the many advantages of Hollongi Airport is believed to be its strategic topography and a larger runway of nearly 2200 metres. This aviation facility has been estimated to be built at a budget of Rs 1200 crore and is planned, commissioned, and built from scratch without destroying any existing structure.
As far as air connectivity in Arunachal Pradesh, Jayant Sinha said that the entire north east will be air-linked in the next 10 years.
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