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

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Modi inaugurates, lays foundation stone of Pune Metro projects

Prime minister Narendra Modi inaugurated and laid the foundation stone for Pune Metro projects worth around ₹21,800 crore on Tuesday through video conferencing. Addressing the gathering on the occasion, the PM extended warm Diwali greetings to the people of Pune and Maharashtra and remarked that f

Wired for good: Building sustainable cities with AI

The First Industrial Revolution in the 18th-19th centuries ushered in a paradigm shift in how cities were imagined. Fueled by railways, factories and grids, and obsessed with speed and scale, it was an ode to efficiency, which spurred unprecedented economic growth. Now, as the Fourth Industrial Revolutio

How social media is reshaping elections

Since Brazil’s return to direct presidential elections in 1985, no candidate who finished second in the first round of polling had ever won the presidency. Luiz Inácio Lula da Silva, now 81, has just done it. What explains the comeback, and what changed in Brazilian politics to make it possi

Cabinet approves Dearness Allowance, Dearness Relief

The union cabinet chaired by prime minister Narendra Modi on Wednesday approved the release of an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2026 representing an increase of 3% over the existing rates of 6

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter