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Findings of Report on Aviation Sector

March 14, 2014 by KRS Leave a Comment

Over-taxation, lack of infrastructure hamper growth of aviation sector

Recently, a report took stalk of the Aviation sector. Its findings were:

  • The industry’s lack of competitiveness at the global level is due to the devastating impact of high taxes (among the top 10 in the world).
  • Growth opportunities in this sector are :
    • Indian carriers are expected to double their fleet size by 2020 to 1,000 aircrafts
    • opportunity for maintenance, repair and overhaul (MRO)  business
    • total manpower requirement of airlines was estimated to rise from 62,000 in 2011 to 117,000 by 2017
  • Taxes on aviation turbine fuel & MRO, service tax on air tickets & high airport charges need a re-look.
  • The industry has started in a new wave of expansion driven by
    • low cost carriers (LCC)
    • modernizing airports
    • foreign direct investments (FDI) in domestic airlines
    • cutting-edge information technology (IT) interventions
    • growing emphasis on no-frills airports (NFA)
  • Regional connectivity will trigger next generation of aviation growth through connecting Tier II & Tier III cities.
  • Indian airlines carried out 5-10 % of MRO work in India & rest was outsourced to third-party service providers.
  • The government has decided to set up an inter-ministerial task to increase MRO revenue, foreign exchange, regional airports and jobs to  meet the demands of the future(2020).

Exams Perspective:

  1. Reasons for Losses in Aviation Sector
  2. Expansion measures in Aviation sector
  3. Growth opportunities in Aviation
  4. Regional cconnectivity

Filed Under: Current Affairs, Economy, National Tagged With: Expansion measures in Aviation sector, Growth opportunities in Aviation, Reasons for Losses in Aviation Sector, Regional cconnectivity

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