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- The civil aviation industry in India has emerged as one of the fastest growing industries in the country during the last three years.
- India has become the third largest domestic aviation market in the world
- Growth
- Rising working group and widening middle class demography is expected to boost demand
- Also, India is expected to overtake UK to become the third largest air passenger* market by 2024
- India is expected to overtake China and the United States as the world’s third-largest air passenger market in the next ten years, by 2030, according to the International Air Transport Association (IATA)
- Challenges faced by the aviation Industry in India
- Shortage of trained employee
- There is a shortage of trained and skilled manpower in the aviation sector because of which there is cut-throat competition for employees which, thereby is driving wages to unsustainable levels
- Regional connectivity
- Though there are a large number of airlines operating, still there exists lack regional connectivity
- Providing regional connectivity is one of the greatest challenges for the Aviation sector in India. This is due to lack of airports and other associated infrastructure
- Rising fuel prices
- The jet fuel cost accounted for nearly 45% to 50% of the total costs in 2018; thereby presenting more operational challenges
- Declining yields
- Pricing and yield are the key elements for an airline to operate
- Commercial liberalization has led to intense competition and reduction in real yields for Airline companies
- Gaps in Infrastructure
- Airport infrastructure and Air Traffic Control (ATC) foundation are insufficient to help development
- While a beginning has been made to redesign the infrastructure, the outcomes will be visible after some years.
- Technical Challenges
- The maintenance, Repair, and Overhaul (MRO) industry is not well developed in India; to provide for cost-effective maintenance of Aircrafts
- The lack of native Aircraft manufacturing base, results in more imports of Aircrafts, thereby making the operations more Capital Intensive
- Major initiatives to improve Civil Aviation Infrastructure in India
- The government has allowed 100% FDI under the automatic route in scheduled air transport service, regional air transport service and domestic scheduled passenger airline. However, FDI over 49% would require government approval
- The Ministry of Civil Aviation (MoCA) is hopeful that aspiring commercial pilots will soon be able to get trained in India without having to leave the country.
- In this regard, the government in July 2021 announced setting up eight new flying academies across the following five airports: Belagavi and Kalaburagi in Karnataka, Jalgaon in Maharashtra, Khajuraho in Madhya Pradesh, and Lilabari in Assam