Briefly describe/write the current scenario with updates of current affairs in Aviation Industry Justify with articles from Websites
Answers
Explanation:
The Indian Aviation Industry is currently one of the fastest growing aviation industries in the world. The aviation industry in India has a compound annual growth rate of 18%. There are 454 airports and airstrips in India, of which 16 are designated as international airports. As of May 2006, private airlines accounted for more than 75% of the sector of the domestic aviation market.
With an increase in traffic movement during December 2009 the Indian aviation sector saw an increase in revenue by almost US$ 21.4 million. Moreover, the Airport Authority of India seems set to accrue better margins in near future as per the latest estimates released by Ministry of Civil Aviation. The better returns so mentioned are being primarily attributed to increase in the share of revenue from Delhi International Airport Limited and Mumbai International Airport Limited