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Clear skies ahead for India’s booming civil aviation sector
Aviation, which for a long time has been considered the bastion of the rich and famous or the powerful civil servants or politicians is today open to all and is within affordable reach. The open sky policy, the presence of competition and many choices have increased the comfort factor.
By
migrator
migrator
New Delhi
Civil Aviation in India refers to aviation industry of India which traces its origin back to 1911. Business aviation is a part of this and constitutes about 25 per cent of the total aircraft holding of civil aircraft in the country. The report by the centre for Asia - Pacific Aviation (CAPA) highlight major opportunities of growth with the rise in aircraft sales of up to $12 billion over the next decade.
The reports estimated that direct or indirect contribution to the aviation industry in the country’s economy could be close to $4 billion per annum by 2020. In 2012, India became the second largest operator of business aircraft in Asia - Pacific region after China that has 220 aircraft compared to the 165 that India has.
There is no denying the fact that with the healthy economic growth, expanding business interests and increase in the number of billionaires, India is an emerging market for private aviation. The strategic geographic location and favourable demographics provides impetus to the business aviation sector. Business houses and individuals in increasing numbers are harnessing the benefits of aviation for their travel needs. This in turn generates lucrative opportunities for the growth of business aviation in India. Industry experts say by 2027, Indian civil aviation will be among the three largest globally.
Future skies
The immense potential of the sector has been muffled beneath unstructured and under funded means with no dedicated policy framework. Despite the umpteen challenges, air-framers like Bombardier, Embraer, Cessna, Falcon and Gulf stream are not holding back from strengthening their presence in India. The government has also taken a major initiative to develop and improve the eco- system of civil aviation in India which includes the establishment of an Aviation University. Soon, the aviation industry can and will scale greater heights and emerge as a driving force of the economy.
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