While the Regional Connectivity Scheme unfolds gradually, one has to wait and watch how this is going to impact the mainline players and the regional players, including general aviation operators
EVERYONE IS TALKING ABOUT how Indian aviation will soar in the years to come, with aviation growth registering over 20 per cent year on year, reflected mostly by massive surge in passenger movement. They all seem euphoric that India will be the third top aviation market in the next five years, from its current ranking of ninth. That is a phenomenal jump. Everyone is banking on the National Civil Aviation Policy and the Regional Connectivity Scheme to do wonders. While the top echelons in the Civil Aviation Ministry are doing everything to create an ecosystem for growth, there are still many issues that are eroding airline performance, more so of the regional airlines.
REGIONAL AIRLINES GETTING GROUNDED
All is not well on the regional airline front. The first regional airline from Vijayawada — Air Costa — is again in the news for all the wrong reasons. It has suspended flight operations due to financial muddle, the second such set back in nearly four years of its operations. While it began on a good note, peaked it with ordering 50 E-Jets E2 at the 2014 Singapore Airshow, Air Costa is now facing another bout of financial nightmare. The company, which had four Embraer aircraft at its peak, is left with none as the lender GE Capital Aviation Services (GECAS) has repossessed them. Negotiations are on between the lessor and Air Costa and the latter has stopped taking bookings for a temporary period. The Vice President (Marketing and Brand Communication) Kavi Chaurasia had told the media that a clear picture would emerge soon and the airline would announce when operations would be resumed.
With fund crunch, the airline has reportedly only paid the base slab salaries for January and the promoters, LEPL Group, are trying to clear the dues. The Vijayawada-based group has diversified interests in real estate and infrastructure development.
Denne historien er fra March 2017-utgaven av SP’s Aviation.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 2017-utgaven av SP’s Aviation.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
'ZEITENWENDE' - THE TURNING POINT!
In an exclusive interaction, Chief of Luftwaffe (German Air Force) Lieutenant General Ingo Gerhartz speaks with Consulting & Contributing Editor Manish Kumar Jha, in New Delhi on a comprehensive range of issues concerning German forces' modernisation, NATO's role, military acquisitions, and Germany's presence in the Indo-Pacific building a new era of military cooperation with India.
REWRITE THE RULE BOOK
The success of the Bhartiya Vayuyan Vidheyak Bill 2024 hinges on the Ministry of Civil Aviation's ability to translate its vision into reality through efficient administration and regulation.
DRIVING SUSTAINABLE AND ADVANCED AVIATION TECHNOLOGIES
Over seven decades of FIA, the airshow still remains significant, underscoring the industry's collective drive towards sustainability, Al-based solutions, advanced air mobility, strategic partnerships, significant orders and groundbreaking technologies
STEERING ECONOMIC GROWTH AND SOCIOECONOMIC DEVELOPMENT
The UDAN scheme has been a game-chan¢ger for India’s aviation industry, democratising air travel, stimulating economic development, and fostering regional connectivity becoming a cornerstone of India’s aviation strategy
THE HIGH-FLYING PATH TO A $5 TRILLION ECONOMY
A robust commercial aviation sector is propelling the Indian economy forward by serving as a catalyst for economic growth, driving tourism, trade, employment, and infrastructure development.
ROLE OF THE IAF IN NATION BUILDING
IAF's global reach to ensure India's ability to conduct defence diplomacy and humanitarian operations, highlight its crucial role in safeguarding and supporting the nation way beyond the traditional military functions.
EXPANDING INDIA'S GALACTIC HORIZONS
India's space economy is set for significant growth as the nation continues to be a major global player, driven by momentum in the private sector, new industry entrants, substantial investments, and supportive policy initiatives.
PRATT & WHITNEY EXPANDS INDIA OPERATIONS
New center will employ 150 aerospace experts and drive customer service and operations support
ADVANCING THE INDIAN AIR FORCE TRAINING CAPABILITIES
A new chapter has been introduced in the history of the Indian Air Force (IAF) with the inauguration of the Weapon Systems School (WSS) by Air Chief Marshal V.R. Chaudhari, Chief of the Air Staff (CAS), at Air Force Station Begumpet, Hyderabad on July 1, 2024.
PIPER J-3 CUB: TRUSTED TRAINER
When the Civilian Pilot Training (CPT) programme was established in anticipation of US involvement in World War II, the Piper J-3 Cub was chosen as the primary training aircraft. Ultimately, 75 per cent of all CPT pilots trained on a Cub
