Indian Aviation Set To Get Boost
Neelam Mathews Feb 16, 2016 Faced with regulatory bottlenecks and high taxation, and a fledgling infrastructure, India’s aviation industry–having grown by 20 percent in 2015–is set to get a boost a new civil aviation policy. While the government has said it aims to provide a level playing-field to aviation-related sectors including airlines, airports, MRO organizations and GA , systems and processes will need to be simplified and made transparent. This is believed to be one of the conclusions of the draft aviation policy that is expected to be released imminently. The policy recognizes an eco-system will be needed to handle a high-growth market that saw 70 million domestic tickets sold last year, with forecasts for 300 million by 2022 and 500 million by 2027. International ticketing is expected to touch 200 million by 2027 also. Thorny issues remain, however. The government has not decided on the 5/20 rule that disallows start-ups from flying in...