Aviation sector is the sunrise sector of growth and going through profound changes, remarked Mr. Jayant Sinha, Minister of State for Civil Aviation, while addressing the 89th Annual General Meeting of FICCI.
The aviation sector has dramatic headroom for growth with 150 million passenger trips a year as compared to China with 450 million passenger trips and USA at 800 million passenger trips a year. The total revenue of airlines is Rs 1.4 lakh crore and is growing at a rate of 20%. He added that as of today 9 crore passenger travel domestically and 5 crore internationally.
He emphasized that the government is committed to safety and security and will launch the unified command of CISF in the entire aviation system.
To Read the News in Full 28/12/16 Business Standard
The aviation sector has dramatic headroom for growth with 150 million passenger trips a year as compared to China with 450 million passenger trips and USA at 800 million passenger trips a year. The total revenue of airlines is Rs 1.4 lakh crore and is growing at a rate of 20%. He added that as of today 9 crore passenger travel domestically and 5 crore internationally.
He emphasized that the government is committed to safety and security and will launch the unified command of CISF in the entire aviation system.
To Read the News in Full 28/12/16 Business Standard
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