The Indian Government has recently released a new civil aviation policy under which concerns like increasing regional connectivity, boosting cargo operations and travelling cheaper have been addressed.
According to Civil Aviation Minister Mr. Ashok Gajapathi Raju, “The policy will help India become the world's third-largest civil aviation market by 2022, behind the U.S. and China. It would be "a game-changer for the aviation sector”.
In the newly announced policy, it has a slew of passenger friendly measures, which provide a much needed relief to frequent flyers. For example for a one-hour flight between small towns and cities, the aviation policy now caps airfares at rupees 2,500. It also offers other incentives to airlines to fly those routes. The government would refund 80% of the losses incurred by airlines due to the fare caps. Importantly, the Indian government has also done away with the old rule that required airlines to have operated for five years and have at least 20 planes before being able to fly international routes.
India is one of the fastest growing air travel market and this new policy is sure to give a boost to it. The number of fliers is increasing at the rate of over 20% and this is expected to increase further crediting the booming Indian economy. Currently the fliers count stand at 70 million within the country which is a huge number, this number is expected to increase to 300 million by 2022.