Tag Archives: airports

Indian aviation industry rebounds, post-COVID traffic surges to 96% of 2019 levels in 2022-23

Minister of State, MoCA, Gen. (Dr) V. K. Singh (Retd) said, “Before Covid-19 pandemic, India was one of the fastest growing aviation market in the world. During the six-year period i.e. 2014-15 to 2019-20, Indian airports witnessed robust double-digit Compound Annual Growth Rate of 12.4% in terms of total passenger traffic. Post-Covid, Indian aviation industry is again on the growth trajectory and the total passenger traffic has recovered to the tune of 96% during 2022-23, as compared to pre-covid.”

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Govt to expand existing airports and develop new ones expeditiously: Interim Budget

Finance Minister Nirmala Sitharaman stated that aviation sector has been galvanized in the past ten years. Number of airports have doubled to 149. “Roll out of air connectivity to tier-two and tier-three cities under UDAN scheme has been widespread. Five hundred and seventeen new routes are carrying 1.3 crore passengers. Indian carriers have pro-actively placed orders for over 1000 new aircrafts. Expansion of existing airports and development of new airports will continue expeditiously,” she added. This development will result into better connectivity, and more flight routes, which will eventually escalate the aviation industry and will significantly increase the number of tourist arrivals.

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80 new airports by 2025 would need 25,000 more hotel rooms: NOESIS

Nandivardhan Jain, CEO, NOESIS, has said, “If 80 new airports by 2025 come, then this will give a massive boost to the hospitality sector as there will be demand for 25,000 more hotel rooms in these markets. Subject to concerned authorities successfully managing to plan & build hospitality districts around these airports, the effective implementation of local tourism programs at these destinations will lead to an opportunity to create millions of job opportunities.”

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94 AAI airports incurred losses in 2017-18: Suresh Prabhu

Airport Authority of India (AAI)’s 94 airports incurred losses in the financial year 2017-18, informed Suresh Prabhu, Union Minister for Commerce & Industry and Civil Aviation, in a written reply to a question in Lok Sabha recently. “The losses are mainly due to low revenue generation to meet the total expenditure of the respective airports,“ said Prabhu while citing the reason. AAI owns and manages 129 airports around the country. He further said that the authority has taken steps to enhance aeronautical revenue in the form of increase in tarrif at non-major airports and measures for commercial exploitation at some airports to increase the revenue and to reduce losses.

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