Civil aviation minister Suresh Prabhu on Sunday said that average airfares dropped by 18 per cent in 2017, while the number of passengers flown by the domestic carriers recorded a compounded annual growth rate (CAGR) of 19 per cent in FY18 over FY14.<\/p>\n
In a series of tweets,with hashtag #SaafNiyatSahiVikas (Clean intent, right development), Prabhu also said that his ministry is working on a blueprint for the domestic production of aircrafts under the government\u2019s \u2018Make in India\u2019 programme.<\/p>\n
\u201cIndian scheduled airlines carried more than 12 cr domestic passengers during FY18 as against 6.1 cr in FY14, recording growth of 19% CAGR. Strategic policies resulting in enabling more Indians to fly than ever before,\u201d another tweet said.<\/p>\n
The Modi government had launched the slogan \u2018Saaf Niyat, Sahi Vikas\u2019 on its fourth anniversary on May 26, listing out its various achievements in a range of areas. Significantly, the country registered a double-digit growth in air passenger traffic for the 44th consecutive month at 26.05 per cent in April, on the back of low airfares and capacity addition by domestic airlines.<\/p>\n
Over the last two years, airfares have remained flat, while fuel prices have doubled, Jet Airways chief executive officer Vinay Dube had recently said.<\/p>\n
The civil aviation minister in another tweet said that, \u201cComprehensive aviation capacity expansion program NABH NIRMAN has been envisaged to cater to one billion air passengers over the next decade.\u201d<\/p>\n
Under NABH (NextGen Airports for Bharat) Nirman initiative, announced in the 2018-19 Union budget, the government plans to expand airport capacity by more than five times to handle a billion trips a year.<\/p>\n
\u201cIndia\u2019s booming aviation&economy nerds >1000 passenger& many more cargo planes. Preparing roadmap under #makeinIndia to eventually manufacture Aircrafts,beginning with components,creating eco system,part of global supply chain.Create jobs,SMEs.Appeal @Airbus @Boeing participate,\u201d Prabhu tweeted further.<\/p>\n
The minister, who visited the Toulouse facility of European aviation major Airbus on Friday during his trip to France, asked the company to build planes in India under the Make in India initiative, and contribute to the nation\u2019s growing aviation sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
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