The Ministry of Civil Aviation and the Airports Authority of India are working with the Central Industrial Security Force to launch the pilot project at two airports in India, multiple officials aware of the ongoing discussions told Moneycontrol.
Senior government officials told Moneycontrol that investors have raised concerns over the lack of segregation of assets, financials, and non-core components in the Public Sector Undertakings, making it difficult to assess their valuation.
The Delhi High Court has tasked the panel with addressing concerns over flight safety by May.
The first flights will be be to and from Lhasa to facilitate Kailash Mansarovar Yatra. Later in the year, flights from India to Beijing, Shanghai and other Chinese cities are likely to be restarted
Finance Minister Nirmala Sitharaman in her budget speech on February 1 did not mention the total outlay for the Civil Aviation Ministry, but said the new UDAN scheme will benefit 4 crore additional passengers in the next 10 years.
While government measures in the past 10 years have seen more Indians flying and the country becoming the third-largest aviation market in the world, infrastructure woes continue to haunt the sector.
Domestic air traffic rose to 14.93 million passengers in December, surpassing November's 14.25 million and October's 13.66 million, DGCA data showed.
Among other things, the aviation regulator has asked officials to implement a habitat management programme to reduce the population of hazardous wildlife around airports.
Additionally, the amendment grants the Director General of the Bureau of Civil Aviation Security (BCAS) the authority to issue written instructions to refuse admission to any individual or group of individuals on an aircraft or to require them to leave.
MoCA plans to prepare a new cabinet note on the PLI scheme for drones by February 2025, following which. it will be sent for approval.
Infrastructure woes continue to haunt and the industry is looking at the government to create provision of adequate infrastructure and abolish the negative fiscal regime that make it hard for industry players to make profits.
While India has emerged as the world’s third-largest aviation market, with 4.2 lakh Indians flying daily domestically in 2024, over the last 10 years, the sector's profitability remains in question
Piyush Srivastava, Senior Economic Advisor at the Ministry of Civil Aviation, also said that to tap the potential of the country's air cargo sector, the focus should be on further improving processes as well as ensuring faster turnaround time.
Ticket prices on major domestic routes are likely to ease as airlines take delivery of nearly 10 aircraft a month and the slack season for travel kicks in, industry experts and participants told Moneycontrol.
Various organisations are contemplating purchasing business jets to meet their commercial aviation demands, a senior executive from Club One Air, one of the largest jet air charters and non-schedule operators in India told Moneycontrol.
The move by the aviation regulator comes after the Delhi High Court on April 1 asked the DGCA for a tentative date for implementation of the revised duty time norms for pilots
A senior DGCA official also cautioned airlines against scaremongering, adding that "the new duty norms are based on empirical data, and balance the industry’s growth as well as safety concerns."
The Parliamentary panel also proposed route-specific capping of airfares and setting up of a separate entity to exercise control over air ticket prices, amid concerns in various quarters about surging fares.
The budgetary allocation of Rs 1,500 crore for 2024–25, if granted by the finance ministry, would be the highest-ever allocation for the UDAN scheme and would be more than twice the Rs 480 crore allocated under the scheme in 2019–20.
The fine on SpiceJet and Air India has been levied for failing to train their pilots sufficiently to handle CAT III operations, whereas, IndiGo has been penalised on five counts including the tarmac incident.
Geopolitical factors, the upcoming general election and any potential impact of COVID variants on travel will be key factors to watch out for in the New Year
The union minister added that between 2026 and 27, India will have its first high-speed bullet train. He further said that the second airport in Navi Mumbai will be operational by the end of 2024.
Despite the aviation industry surpassing pre-COVID-19 levels, traffic under UDAN remains low. So, to speed up the launch of new routes and revive airports under UDAN, MoCA has sought a budgetary allocation of Rs 1,500 crore for 2024–25, the highest-ever allocation for the scheme.
Budget 2024 Expectations: While govt measures have seen more Indians flying, making the country the third-largest aviation market in the world, infrastructure woes continue to haunt. Abolition of the negative fiscal regime and provision of adequate infrastructure are the industry's two main demands.
The complaint, which was submitted to the DGCA on October 25, claimed that Gill had used his position to compel pilots and flying schools to pay kickbacks to businesses associated with him