Sunday, September 26, 2021

Revitalization of Aviation Sector

by Staff Correspondent

IADB: The aviation sector including airlines, airports, and related services have come under financial stress on account of COVID-19 pandemic. The information was given by General (Retd.) Dr.V.K. Singh, Minister of State in the Ministry of Civil Aviationin as a written reply to M.V. Shreyams Kumar in Rajya Sabha recently.

Detailed major steps has been taken by the Government to revive the civil aviation sector during this period, inter alia, are as follows:

· Provide support to airlines through various policy measures.

· Provide airport infrastructure through the Airports Authority of India and the private operators.

· Promotion of private investments in existing and new airports through the PPP route

· Provide an efficient Air Navigation System.

· Through Air Bubble Arrangements, efforts have been made to ensure fair and equitable treatment to our carriers in the international sector.

· Goods and Services Tax (GST) rate reduced to 5% from 18% for domestic Maintenance, Repair and Overhaul (MRO) services.

· A conducive aircraft leasing and financing environment has been enabled.

· Route rationalization in the Indian airspace in coordination with Indian Air Force for efficient airspace management, shorter routes, and lower fuel consumption.

· Coordination with stakeholders to resolve issues.

The key outcome of these measures has been that despite the pandemic, domestic operations have reached about 50% of pre Covid level. Also, the number of freighters has increased from 7 to 28, as reported.

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