A maiden integrated National Civil Aviation Policy and over 20 per cent month-on-month traffic growth gave wings to the country’s civil aviation sector in 2016. The sector reaped benefits out of a rise in domestic disposable income, lower jet fuel prices and enhanced services to the non-metro cities, which accelerated India’s passenger traffic growth in 2016.
According to the latest data from the Directorate General of Civil Aviation (DGCA), passenger traffic during January-November 2016 boomed by 23.10 per cent to 90.36 million. This rise and other contributing factors have led global airlines’ industry body International Air Transport Association (IATA) to estimate that India will displace the UK as the third-largest aviation marketplace by 2026. It is currently the 9th.
Indian Aviation sector gets National Civil Aviation Policy (NCAP)
Indian aviation sector has a huge....
