44 high potential regional connectivity scheme airports in India: Report

With a proactive and close collaboration between government entities, regulatory authorities and operators, there's a high probability that this initiative may widen the aviation grid of India

GN Bureau | January 16, 2017


#FICCI   #National Civil Aviation Policy   #Airport   #KPMG  

As many as 44 high potential RCS airports have been identified from among 414 airfields available in India, said a report.

The FICCI-KPMG report has presented over 370 possible destinations from the high-potential RCS airports, the projected financial statements for four aircraft types and suggestions for further improvement of the scheme. The proposed airports and routes are indicative in nature and potential operators shall have to undertake a thorough due-diligence before taking any business decision.

With a proactive and close collaboration between government entities, regulatory authorities and operators, there's a high probability that this path-breaking initiative may widen the aviation grid of India; bring in additional traffic, revenue and profits; create direct and indirect employment; and facilitate economic development in the interiors of India.

Read: Regional Connectivity Scheme (RCS) for Civil Aviation: Roadmap for sustainable operations


India's Regional Connectivity Scheme (RCS) was introduced as part of the National Civil Aviation Policy in June 2016 and was formally launched in October 2016. The scheme provides a unique opportunity to take flying to the masses by way of fiscal incentives, infrastructure support, procedural simplifications and monetary subsidies.

The report said that RCS is highly profitable for a 48 and 78 seater aircraft operator. The key challenge would be to identify routes that provide the presumed seat factors.

It added that thanks to a growing economy, fall in ATF prices and a heavily under-penetrated market, Indian aviation is growing at a very high rate of over 20% per annum. A significant part of this growth is coming from people in the interiors of India who today have to travel by road or rail to reach the nearest hub airport.

India has a bold ambition of becoming the third largest aviation market by 2020 and the largest by 2030. This will require aviation to be taken to the interiors of India, by way of affordable and innovative solutions.

Read: Rough weather ahead for UDAN


 

Comments

 

Other News

BSNL unveils satellite phone service

Minister of state for communications (I/C) Manoj Sinha has launched BSNL’s satellite phone service that will be offered to government agencies in phase one and later opened for others.  While unveiling the new service, Sinha said BSNL works where no other network is present.

Govt to raise Rs 2,360 crore for renewable energy

The cabinet has given it’s green signal to raise bonds of Rs 2,360 crore for renewable energy. The bonds will be raised by the ministry of new & renewable energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA), a Miniratna enterprise, during current fiscal.

CEA’s campaign against ‘poor standards’ finds some success

Chief economic advisor Arvind Subramanian’s campaign for some sense in country ratings has finally found some success. Global rating agency Moody`s Investors Service has downgraded China`s long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable fr

Doubling farmers’ income challenging, yet attainable: Niti Aayog

The low level of farmers` income and year to year fluctuations in it are a major source of agrarian distress. This distress is spreading and getting severe over time impacting almost half of the population of the country that is dependent on farming for livelihood, said a Niti Aayog policy paper.

Governance, development no longer govt’s agenda: Civil society

The civil society has strongly criticized the Narendra Modi government that completes three years in office. Citizens’ Report: Promises and Reality tha

Parody of the health mission

Improving the availability of health workers, particularly at the sub-centre level, has been one of the thrust areas of the national rural health mission (NRHM).  Back in 2005, most of the sub-centres in the country were run by a single auxiliary nurse midwife (ANM). ANMs were overbu



Video

प्रभुनाथ सिंह को हत्याकांड में उम्रकैद की सजा

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter