What's new

India to become aircraft maintenence hub

TH03DASSAULT-FALCON

High fliier: A Falcon 2000S costs $30 million-$40 million, while the Falcon 8X costs upwards of $60 million.
http://www.thehindu.com/business/in...iance-group/article19969708.ece?homepage=true

‘Will graduate to making whole plane’
The Reliance Group’s joint venture with Dassault Aviation to manufacture components for Rafale fighter aircraft is much talked about.

However, the group is also harbouring ambitions to fly out business jets and passenger planes made entirely in India, the first private sector company that may end up doing so.

Reliance, in a joint venture with the €3.6 billion Dassault Aviation, will start making the business jet Falcon from January 2018 at the Dassault Reliance Aviation Limited (DRAL) facility in Mihan, Nagpur and the first Falcon is expected to fly out of Mihan as early as 2022 for the global markets.

Falcons play in the wide-cabin, long-range aircraft segment as they can fly distances between 6000-12000 km, covering a range of travel needs.

Confirming the development, Rajesh Dhingra, CEO, Reliance Defence told The Hindu, “We will start with assembly in January 2018. The nose, cockpit and doors will be done [here] in the next two years. Initially, wings will come from outside and the entire body will be assembled here. Flight testing will start in the fourth year and the locally-made Falcon will be ready for flying out of Mihan in the fifth year, say by 2022.”

The company expects to make 20 Falcons a year, with 2,500 Falcons delivered in the last 50 years of which 2,100 Falcons are operational in 80 countries.

Employment plans

“We will directly employ over 700 engineers for the Falcon assembly-line alone, giving indirect employment to 3,000 others. We will have hundreds of Indian and French OEMs setting up bases in DAAP,” said Mr. Dhingra.

A Falcon 2000S costs $30 million-$40 million, while the Falcon 8X costs upwards of $60 million. The company expects revenues of ₹800 crore a year from the venture.


The Falcon aircraft assembled at the DRAL facility will be the first to be manufactured for the export market by an Indian-owned facility.

The manufacturing facility at the Dhirubhai Ambani Aerospace Park is located in the Mihan SEZ. It is a 51:49 venture between Reliance Aerostructure and Dassault Aviation.
 
.
India has around 1091 registered aircrafts.


June 29, 2015

Indian Airlines has a fleet of 70 airplanes

Air Charter India is owned by the STIC Travel Group and has around 100 airplanes in India.

Deccan Aviation Ltd. It has 350 daily departures and covers 65 destinations in India.

Indigo has 120 daily departures and a fleet of 19 Airbus A320.

Paramount airways ts fleet comprises 5 aircrafts

Go Air Airlines It operates in 11 cities with 61 daily departures.

Kingfisher Airlines the airline covers 64 cities and has 484 daily departures.

Spice Jet is basically a low cost airline which incorporates many Boeing 737-800 airplanes in its fleet. It covers 14 destinations in India.

Air Sahara it comprise of 27 aircrafts

Jet Airways India's biggest private domestic airline with 62 aircrafts


As per the prediction of the Ministry of Civil Aviation, India in the coming decade will require 1,500 to 2,000 passenger aircrafts out of which 135 planes have already been added. It is also predicted that India's aircraft capacity will stand at 500-550.


Updated: January 14, 2014 14:45 IST
Military aircraft maker Hindustan Aeronautics Ltd, which is piloting the national programme to develop a 70- to 100-seater made-in-India passenger plane for travel within the country, has kicked off the initiative with a global quest for a suitable engine for the plane.


vbk-air%20india

An Air India Boeing 787 Dreamliner. File. | Photo Credit: Francois Mori

http://www.thehindu.com/business/ai...eing-planes/article19987828.ece?homepage=true

Air India is looking to raise loans worth USD 535 million to finance acquisition of three Boeing planes, including two aircraft that will be used for ferrying VVIPs, a senior airline official said.

Late in the evening, an Air India spokesperson confirmed the PTI report that the two aircraft will be used for VVIP travel.

However, the disinvestment-bound carrier has reduced the required loan amount by around USD 20 million in less than three weeks after floating a tender where it had sought loan up to USD 555 million for buying the three aircraft.

The delivery of three B777-300 ER planes is scheduled to be completed in February next year, with two expected to be bought in January.

Issuing a revised tender, the airline has solicited interest from lenders for loan worth up to USD 535 million, for which two separate term sheets would be inked.

At current exchange rates, the loan would be to the tune of around ₹3,460 crore.

Out of three aircraft, two are to be acquired in January 2018 and those would be for the use of VVIPs, the official said.

After making required modifications, the two planes would join the fleet that are generally used to carry President, Vice President and Prime Minister, the official added.

As per the purchase agreement with Boeing, Air India is to buy 15 B777-300 ER aircraft and it has already taken delivery of 12 such planes.

The spokesperson said that Air India had placed an order with Boeing for 68 aircraft in 2005.

“These B777-300 ER airplanes are the last of the three aircraft to be delivered. They are being delivered on January 18 and February 18 by Boeing. Out of these three airplanes, two will be used by government for VVIP travel,” the spokesperson said in a statement.

He also said the airline has floated a tender for financing these aircraft through bridge finance.

According to the revised tender document, one term sheet would be for two aircraft that are to be delivered in January next year and the loan amount required is up to USD 400 million. The figure translates to around USD 200 million for each plane.

For the remaining aircraft, a separate term sheet would be inked for a loan of up to USD 135 million.

The specific reasons for revising downwards the proposed loan amount to USD 535 million from USD 555 million could not be immediately ascertained.

“The facility should be a direct loan without the requirement for formation of a special purpose vehicle structure which requires title transfer,” the tender document said.

Air India has said that the Government of India has indicated that they would issue its guarantee for the bridge financing of B777-300 ER aircraft for a period of 12 months or till the date the loan is refinanced whichever is earlier.

No commitment fee would be paid to the bidder and that the “pre-payment/short closure of the bridge loan should be allowed without any extra cost” to the airline, it added.

In 2005, Air India placed orders with Boeing for 68 aircraft — 27 Dreamliners, 15 B777-300 ERs, eight B777-200 LRs and 18 B737-800s.

Of these, the state-run carrier has already taken the delivery of 65 planes.

At present, the flagship airline has a fleet of 115 aircraft.


The B777-300 ER aircraft owned by Air India has 342 seats for passengers.

India has around 1091 registered aircrafts.


June 29, 2015

Indian Airlines has a fleet of 70 airplanes

Air Charter India is owned by the STIC Travel Group and has around 100 airplanes in India.

Deccan Aviation Ltd. It has 350 daily departures and covers 65 destinations in India.

Indigo has 120 daily departures and a fleet of 19 Airbus A320.

Paramount airways ts fleet comprises 5 aircrafts

Go Air Airlines It operates in 11 cities with 61 daily departures.

Kingfisher Airlines the airline covers 64 cities and has 484 daily departures.

Spice Jet is basically a low cost airline which incorporates many Boeing 737-800 airplanes in its fleet. It covers 14 destinations in India.

Air Sahara it comprise of 27 aircrafts

Jet Airways India's biggest private domestic airline with 62 aircrafts


As per the prediction of the Ministry of Civil Aviation, India in the coming decade will require 1,500 to 2,000 passenger aircrafts out of which 135 planes have already been added. It is also predicted that India's aircraft capacity will stand at 500-550.


Updated: January 14, 2014 14:45 IST
Military aircraft maker Hindustan Aeronautics Ltd, which is piloting the national programme to develop a 70- to 100-seater made-in-India passenger plane for travel within the country, has kicked off the initiative with a global quest for a suitable engine for the plane.


vbk-air%20india

An Air India Boeing 787 Dreamliner. File. | Photo Credit: Francois Mori

http://www.thehindu.com/business/ai...eing-planes/article19987828.ece?homepage=true

Air India is looking to raise loans worth USD 535 million to finance acquisition of three Boeing planes, including two aircraft that will be used for ferrying VVIPs, a senior airline official said.

Late in the evening, an Air India spokesperson confirmed the PTI report that the two aircraft will be used for VVIP travel.

However, the disinvestment-bound carrier has reduced the required loan amount by around USD 20 million in less than three weeks after floating a tender where it had sought loan up to USD 555 million for buying the three aircraft.

The delivery of three B777-300 ER planes is scheduled to be completed in February next year, with two expected to be bought in January.

Issuing a revised tender, the airline has solicited interest from lenders for loan worth up to USD 535 million, for which two separate term sheets would be inked.

At current exchange rates, the loan would be to the tune of around ₹3,460 crore.

Out of three aircraft, two are to be acquired in January 2018 and those would be for the use of VVIPs, the official said.

After making required modifications, the two planes would join the fleet that are generally used to carry President, Vice President and Prime Minister, the official added.

As per the purchase agreement with Boeing, Air India is to buy 15 B777-300 ER aircraft and it has already taken delivery of 12 such planes.

The spokesperson said that Air India had placed an order with Boeing for 68 aircraft in 2005.

“These B777-300 ER airplanes are the last of the three aircraft to be delivered. They are being delivered on January 18 and February 18 by Boeing. Out of these three airplanes, two will be used by government for VVIP travel,” the spokesperson said in a statement.

He also said the airline has floated a tender for financing these aircraft through bridge finance.

According to the revised tender document, one term sheet would be for two aircraft that are to be delivered in January next year and the loan amount required is up to USD 400 million. The figure translates to around USD 200 million for each plane.

For the remaining aircraft, a separate term sheet would be inked for a loan of up to USD 135 million.

The specific reasons for revising downwards the proposed loan amount to USD 535 million from USD 555 million could not be immediately ascertained.

“The facility should be a direct loan without the requirement for formation of a special purpose vehicle structure which requires title transfer,” the tender document said.

Air India has said that the Government of India has indicated that they would issue its guarantee for the bridge financing of B777-300 ER aircraft for a period of 12 months or till the date the loan is refinanced whichever is earlier.

No commitment fee would be paid to the bidder and that the “pre-payment/short closure of the bridge loan should be allowed without any extra cost” to the airline, it added.

In 2005, Air India placed orders with Boeing for 68 aircraft — 27 Dreamliners, 15 B777-300 ERs, eight B777-200 LRs and 18 B737-800s.

Of these, the state-run carrier has already taken the delivery of 65 planes.

At present, the flagship airline has a fleet of 115 aircraft.


The B777-300 ER aircraft owned by Air India has 342 seats for passengers.
 
.
http://www.thehindu.com/business/In...nk-of-india/article20308907.ece?homepage=true

15THBUAIRINDIA


Debt-laden Air India has received a loan worth of ₹1,500 crore from Bank of India to meet urgent working capital needs less than a month after floating a tender in this regard, an airline source said.

For the second time in recent months, the flagship carrier has received loans from a public sector lender.

Battling multiple headwinds, the disinvestment-bound airline has been working on ways to reduce its debt, including by way of selling non-core assets and expanding operations.

The source said the airline has received ₹1,500 crore loan from Bank of India after the tender for the amount was floated last month in order to meet “urgent” working capital needs.

A query sent to Bank of India remained unanswered.

A tender was issued by the carrier on October 18 in which it had sought government guarantee-backed short-term loans totalling up to ₹1,500 crore to meet “its urgent working capital requirements”.

Prior to that, the airline had borrowed around ₹3,250 crore as short tenure loans from two lenders — IndusInd Bank and Punjab National Bank, sources had said. This loan too was for meeting urgent working capital needs and the tender was floated in September.


In the last nearly three months, at least two public sector lenders — Bank of India and Punjab National Bank — have provided loans to the airline.

As part of efforts to revive the ailing carrier, which has a debt burden of more than ₹50,000 crore, the government is in the process of finalising the contours of its strategic disinvestment.

Air India is surviving on taxpayers’ money under the bailout package extended by the previous UPA government in 2012.

As part of the turnaround plan, the national carrier is to receive up to ₹30,231 crore from the government over a ten-year period subject to meeting certain performance thresholds.

The Air India group flies to 44 overseas and 75 domestic destinations. There are flights to Copenhagen, Tokyo, Washington, Stockholm, Sydney, Hong Kong, Kabul, Colombo, Seoul, Singapore and London, among other foreign cities.
 
.
hy18metro

Ram Kirpal, Commissioner of Metro Rail Safety Ram Kirpal, inspecting a part of the 10-km stretch from Mettuguda to S.R. Nagar

http://www.thehindu.com/news/cities...begin-on-metro-rail-route/article20546777.ece

Commissioner of Metro Rail Safety inspects Mettuguda - S.R. Nagar stretch

Commissioner of Metro Rail Safety (CMRS) Ram Kirpal has begun inspection of the 10-km stretch from Mettuguda to S.R. Nagar, announced L&T Metro Rail (Hyderabad) on Friday.

This is the only remaining stretch of the 30-km Nagole-Ameerpet-Miyapur route that is slated for inauguration by Prime Minister Narendra Modi later this month.

A safety clearance certificate was earlier obtained for two stretches — 8 km from Nagole to Mettuguda, and 12 km from Miyapur to S.R. Nagar. Once the CMRS conducts testing for the metro route falling under the Corridor Three of Nagole to Hi-Tec City/Raidurg, trains can be run for the inaugural stretch traversing the two Corridors, including Corridor One of Miyapur to L.B. Nagar. The CMRS was accompanied by deputy CRS G.R. Garg (electricity) and E. Srinivas (signalling) along with the L&T MRH MD and CEO Shivanand Nimbargi.

“We are thankful to Mr. Kirpal, CMRS, for commencing the inspection from Mettuguda to S.R. Nagar for compliance of statutory requirements for passenger travel,” said Mr. Nimbargi.

The metro rail safety commissioner will inspect civil works, permanent-way, RoB, viaduct, stations, electrical, signalling and train control, telecommunication, rolling stock and other railway systems of the Hyderabad Metro Rail, designed to ensure passenger safety.
 
. .
THJVNAIRINDIA

A municipal worker seen sweeping the streets of New Delhi under the watchful eyes of Maharaja. | Photo Credit: V.V. Krishnan

http://www.thehindu.com/business/In...pital-loans/article21310195.ece?homepage=true
Mumbai, December 08, 2017 17:17 IST
Updated: December 08, 2017 17:17 IST


This is the third time since September that the disinvestment-bound national carrier is seeking bridge loan.

Debt-laden Air India is looking at raising short-term loans to the tune of ₹1,500 crore to meet the urgent working capital requirements.

This is the third time since September that the disinvestment-bound national carrier is seeking bridge loan. In September, it had mopped up ₹3,250 crore and in October ₹1,500 crore.

Air India has already secured a government-guarantee for the proposed loan, which it is seeking from December through January.

“Air India is looking for government-guarantee backed short-term loans, totalling ₹1,500 crore to meet urgent working capital requirements,” according to the bid document.

Interested banks have to submit their bids by December 12, indicating the amount of loans they are willing to offer. The tenure of the loan will be up to June 2018 and could be extended.

Air India was promised ₹50,000 crore in equity infusion until 2032 by the erstwhile UPA dispensation in 2012 to bail out the airline burdened with accumulated losses and debt to the tune of over ₹52,000 crore.

Of this, it has already received ₹24,000 crore but government is unlikely to infuse capital into the carrier any more following the disinvestment decision.

The loss-making Air India is reeling under a debt of over ₹52,000 crore, with about ₹28,000 crore in working capital debt, and about ₹4,000 crore as interest outgo.

On June 28, the Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.

As part of efforts to revive the loss-making airline, a ministerial panel under Finance Minister Arun Jaitley is working on the modalities for strategic disinvestment of the flag carrier and its five subsidiaries.
 
.
http://www.deccanherald.com/content/658752/indigo-grounds-three-a320-neo.html

No-frills airline IndiGo has grounded three A320 neo aircraft due to engine problems, according to a senior official at aviation regulator DGCA.

The grounded aircraft are powered by Pratt & Whitney engines and the move follows a directive from European aviation safety regulator EASA.

The official said EASA on Friday issued an emergency airworthiness directive for A320 neo planes fitted with PW1100 engines having a particular serial number.

The directive came in the wake of instances of the engine's in-flight shut-downs and rejected take-offs involving A320 neo family planes, the official added.

Airbus has also issued an alert for providing instructions to de-pair the affected engines and discontinue extended-range twin-engine operations for aircraft fitted with affected engines.

The DGCA official said IndiGo has three such aircraft, which have been grounded.

Further, the official noted that the latest issue is different from the problems experienced by IndiGo's A320 neos earlier and those have been addressed.
 
.
SpiceJet Air’s Bengaluru Puducherry filght being given a water cannon salute on the first day of its operation in Puducherry on Thursday. Photo: S.S. Kumar

SpiceJet%20Air
 
. .
Ministry of Corporate Affairs
07-March, 2018 18:32 IST
The Competition Commission of India (CCI) imposes penalties upon three Airlines for concerted action in fixing and revising fuel surcharge (FSC) on cargo transport

The Competition Commission of India (CCI) has imposed penalties upon 3 Airlines for concerted action in fixing and revising Fuel Surcharge (FSC) - a component of freight charges.

TheFinal Order was passed by CCI on 08.03.2018 on an information filed by Express Industry Council of India against Jet Airways (India) Ltd., InterGlobe Aviation Limited, Spice Jet Limited, Air India Limited and Go Airlines (India) Limited alleging cartelisation.

The CCI noted in its Order that the aforesaid Airlines acted in a concerted manner in fixing and revising the FSC rates and thereby contravened the provisions of Section 3 of the Act which prohibits anti-competitive agreements including cartels.

Accordingly, penalties of Rs. 39.81 crore, Rs. 9.45 crore and Rs. 5.10 crore were imposed upon Jet Airways (India) Ltd., InterGlobe Aviation Limited and Spice Jet Limited respectively. Besides, a cease and desist order was also issued against the Airlines.

While imposing penalties, the Commission applied the principle of relevant turnover and based the penalties on the revenue generated by the Airlines from air cargo transport services only. Considering the financial position of Airlines at the relevant time and noting that FSC constitutes about 20-30% of cargo revenue, penalty was imposed by the Commission @ 3 % of their average relevant turnover of the last three financial years.

The CCI deprecated the Airlines for using FSC as a pricing tool which was essentially introduced to mitigate the fuel price volatility.



The Final Order has been passed by CCI pursuant to the directions issued by the erstwhile Competition Appellate Tribunal remanding the matter back while setting aside the original Order of CCI.

The Order of the Commission was passed in Case No. 30 of 2013 and a copy thereof has been uploaded on the website of CCI at: www.cci.gov.in.





****
 
.
https://www.thehindu.com/business/a...of-aircraft/article24681438.ece?homepage=true
Mumbai:, August 13, 2018 21:49 IST
Updated: August 13, 2018 21:49 IST

As Air India announced Independence Day discounts of up to 45% on both domestic and international travel on Monday, its pilots body the Indian Commercial Pilots Association (ICPA), shot off a strongly worded letter to the Chairman and Managing Director pointing that 40% of its Airbus 321 fleet was grounded due to lack of spares.

The letter by ICPA general secretary, Deepankar Gupta said that it is disheartening to know the sorry state of aircraft operated by Air India and the lack of maintenance for want of spares, planning, co-ordination and finance.

Pointing to the A321 fleet, ICPA claimed that only 12 of the 20 aircraft are available for flying. “Forty percent of the A321 fleet is grounded at various stations for lack of spares. The aircraft is the workhorse of the domestic network operating on high-density routes and has the maximum seating capacity,” the letter reads. The ICPA termed this grounding as criminal, especially considering that the high seating capacity is leading to a significant loss of revenue on a daily basis.

“As a consequence of this groundings, the Kozhikode-Dubai and Kozhikode-Sharjah sectors -- the only sectors on the A321 operations to have Extended Duty Time Operations (EDTO) -- do not get aircraft due to routing restrictions, when the company has taken EDTO compliant aircraft on debt. Instead, there is significant loss being made, by irrationally routing non-EDTO aircraft on this route,” ICPA said in its letter.

On the A319 fleet, the ICPA general secretary said that the situation was only slightly better. “Four of the 22, A319 aircraft are. This makes 18% of the fleet unavailable for operation. Similarly, on the long-haul routes, the Boeing 777 fleet situation is as desperate.

Of the 14, B777-300 aircraft, 5 are in the hangar,” the pilot body claimed.
 
.
I wish those good luck those who are going to keep their aircraft in india for maintenance. :dance3::dance3::dance3:
 
.
25THBUNEO

https://www.thehindu.com/business/p...-neo-planes/article24773822.ece?homepage=true

Aviation regulator cites ‘combustor distress’, says there are no safety concerns
Minister for Civil Aviation Suresh Prabhu has sought a detailed report from aviation regulator DGCA on the grounding of A320 Neo planes due to snags in Pratt and Whitney engines.

The Directorate General of Civil Aviation (DGCA), has in the meantime, submitted preliminary details on the status of the planes grounded and said that nine A320s – seven of IndiGo and two of GoAir – were on ground out of the total 60 A320 Neos with PW engines with these two airlines.

The regulator also pointed out that the groundings were due to combustor distress, but ruled out safety concerns.

“There are no safety concerns as such distress is found during routine scheduled boroscope inspections of these engines,” the DGCA informed the Ministry, adding that it was in touch with the manufacturer and no additional measure was required on the issue.

The new A320 neos inducted by IndiGo and GoAir since March 2018 as well as new spare engines have combustors with better life, the regulator said and emphasised that the measures taken by the engine manufacturer had “significantly reduced the engine problems.” IndiGo has a total of 41 A320 neos with PW engines, while GoAir has 19.

Engine removal

“Engine removals are being planned and coordinated with the airlines as we continue to successfully retrofit the fleet with the latest configuration engines. Some aircraft will be out of service temporarily as they perform these removals,” Pratt and Whitney said in a statement.
 
.
pibimage.jpg

Vice President's Secretariat
04-December, 2018 18:41 IST
Republic of India has potential to become global aviation hub: Vice President

States must partner with Centre in a true ‘Team India’ spirit for building a new prosperous, inclusive New India; New Air connectivity will make Andhra Pradesh aviation gateway between India and South East Asia; Lays foundation stone for Integrated Passenger Terminal Building at Vijayawada Airport Inaugurates international flight from Vijayawada to Singapore

The Vice President of India, Shri M. Venkaiah Naidu has said that India has the potential to become global aviation hub for MRO (Maintenance Repair and Overhaul) in view of the growing aviation business, huge pool of engineering talent and low labour costs. He was addressing the gathering after inaugurating the first International Flight from Vijayawada to Singapore and laying foundation stone for the Integrated Passenger Terminal Building at Vijayawada Airport, in Vijayawada, Andhra Pradesh today.

The Union Minister for Civil Aviation, Shri Suresh Prabhu, the Minister of State for Civil Aviation, Shri Jayant Sinha, the Minister for Finance, Andhra Pradesh, Shri Y. Ramakrishnudu, the Minister for Law, Andhra Pradesh, Shri Kollu Ravindra and other dignitaries were present on the occasion.

The Vice President said that the International Flight from Vijayawada to Singapore that would further enhance the connectivity as well as Andhra Pradesh’s business and tourism potential. He further said that the state of the art new terminal will spread in 35000 Sqm is being developed with Rs 611 crores budget to handle 1200 passengers per day with 24 Check-in counters and 8 gates. The terminal would also accommodate parking facility for 1250 four wheelers, he said. A total of 14 immigration counters, 3 customs counters, 5 baggage belts would be installed for the convenience of international and domestic passengers, he added.

The Vice President said that the new Air connectivity between Andhra Pradesh and Singapore would increase India’s reach in South East Asia. Andhra Pradesh would become aviation gateway between the two prospering regions and it will boost tourism, he added.

The Vice President tasked the state government to actively promote tourism especially the Budhist Circuit along with other tourist attractions in the state.

Shri Naidu appreciated the efforts of the State and Central governments in facilitating the state of Andhra Pradesh with Air Connectivity under UDAAN Scheme. He said that the scheme would enable greater connectivity between Vijayawada, Hyderabad and Chennai.

The Vice President said that the recent aviation initiatives such as development of Vizag Airport at the cost of 90 Crores, extension of runway at Rajahmundry Airport at the cost of 125 Crore and extension of runway at Tirupati Airport at the cost of 114 Crore would give philip to the growth prospects of the state.

Shri Naidu also appreciated the authorities for adopting an eco friendly infrastructure in constructing the new integrated terminal at Vijayawada Airport. He said that the features such as Rain Water Harvesting, double insulated roofing, LED lighting would conserve energy and reduce wastage of water.

Calling aviation sector as the backbone of the global transport system, Shri Naidu said that was indeed an important driver of the economy and the most vital sector for linking businesses, bringing people together and promoting tourism worldwide. Growth in aviation sector would yield positive results in promoting connectivity and creating jobs, he added.

Shri Naidu said that the government has taken a series of measures to improve infrastructure and regional air connectivity in the country and added that schemes such as UDAN would develop regional connectivity and promote economically viable flights on regional routes.

The Vice President called upon State Governments to partner with the Centre in a true ‘Team India’ spirit for building a new prosperous, inclusive New India by creating the right ecosystem for the growth of various sectors. The political differences between parties must end with elections and focus should be given to governance after assuming power, he added.

The Vice President said that increase in public investments in infrastructure projects of aviation and other areas were contributing in overall development of economy. Indian economy which is growing at a steady pace and the systemic governance reforms are helping to create a more inclusive society, he added.

Shri Naidu said that India has the potential to become a global hub for MRO (Maintenance Repair and Overhaul) in view of the growing aviation business, huge pool of engineering talent and low labour costs.

The Vice President said that the 14.1 per cent growth over the last five years in passenger traffic was a key indicator of its progress and said that reforms, systematic development of the sector would make a global hub for MRO. I do understand that in spite of the growth in passenger traffic, some of the airlines are facing problems and I do hope that things would improve soon for them, he added.

Following is the text of Vice President's address:

"I am extremely delighted to be here for the Bhoomi Puja to construct an Integrated Passenger Terminal Building at Vijayawada Airport and also inaugurate the first international flight from Vijayawada to Singapore.

Vijayawada located on the banks of river Krishna is indeed a blessed city with a great cultural history. As the commercial capital of Andhra Pradesh, Vijayawada is politically active, agriculturally-rich and also an industrial transportation hub.

Consequent to the Andhra Pradesh State Re-organization Act 2014, Amaravati, which is adjoining Vijayawada, is being developed as the new capital city of Andhra Pradesh. Inauguration of the new international flight from this great city to Singapore would further enhance its connectivity as also its business and tourism potential.

Infrastructure is vital for development and the Union Government is bestowing special attention on the aviation sector in this regard. Public investments in infrastructure projects of aviation and other areas also have increased substantially.

Dear Sisters and Brothers,

India is in the midst of an unprecedented economic and social transformation. The economy is growing at a steady pace and the systemic governance reforms are helping to create a more inclusive society. Most of the multilateral institutions have forecast that India will grow at more than 7 percent in 2018 and 2019, ahead of other major economies.

Friends, as you all are aware the aviation sector not only plays a key role in promoting connectivity and creating jobs but is also an important driver of the economy. As the backbone of the global transport system, it indeed is the most vital sector for linking businesses, bringing people together and promoting tourism worldwide.

I am happy to note that the proposed new Integrated Terminal Building is planned by incorporating Green Building features such as the use of Eco friendly sustainable building material i.e. Autoclaved Aerated Concrete (AAC) blocks, Forest Stewardship Council (FSC) certified woodwork with Green Construction Management, LED Lighting control through Building management system(BMS), Solar photo voltaic system, Energy efficient E&M equipment, sensor based Water Fixtures, Waste water management and Solid waste management with membrane bioreactor (MBR) based sewage treatment plant (STP )

Recognizing the growing importance of the aviation sector, the Government has taken a series of measures to improve infrastructure and regional air connectivity in the country. The UDAN scheme aims to develop regional connectivity and promote economically viable flights on regional routes.

The Indian civil aviation industry is growing at a rapid pace and considered to be the third largest domestic civil aviation market in the world. According to projections, it is poised to become the world’s largest domestic civil aviation market in the next 10 to 15 years. Investments to the tune of Rs.1 lakh crore are expected in the next five years.

The passenger traffic which witnessed 14.1 per cent growth over the last five years is likely to touch about 400 million by the year 2020.

Of course, I do understand that in spite of the growth in passenger traffic, some of the airlines are facing problems and I do hope that things would improve soon for them.

India also has the potential to become a global hub for MRO (Maintenance Repair and Overhaul) in view of the growing aviation business, huge pool of engineering talent and low labour costs.

We are also among a few countries in the world which took bold steps of privatizing the industry.

The global airlines body, International Air Transport Association (IATA) has projected the Asia-Pacific region to be the driver of the passenger growth with more than half the total number of new passengers coming from these markets over the next 20 years.

The present global trends in air transport suggest passenger numbers could double to 8.2 billion in 2037 and this doubling of air passengers could support 100 million jobs globally, according to IATA.

My compliments to Government of India for the sincere efforts to provide air connectivity and to make air travel accessible to citizens in the regionally important cities, through the 'Ude Desh ka Aam Naagrik' (UDAN) under Regional Connectivity Scheme.

The National Civil Aviation Policy unveiled in 2016 has mentioned that if every Indian in the middle class income bracket takes just one fight a year, it would result in a sale of 35 crore tickets.

It should be noted that the growth of the aviation sector will have a multiplier effect on the Indian economy as it would positively impact hospitality and tourism sectors, among others.

I would like various State Governments to partner with the Centre in a true ‘Team India’ spirit for building a new prosperous, inclusive New India by creating the right ecosystem for the growth of various sectors. Political differences should end with elections

In the end, I would appeal to all airlines and other stakeholders in the aviation industry to accord highest priority to passengers’ safety, timely operations, efficient cargo handling and improving amenities to passengers.

JAI HIND!"

***

AKT/BK/RK
 
.

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom