FROM THE EDITORS DESK- Thirty Sixth Issue, January 2013
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Hi Friends!
A VERY HAPPY AND EVENTFUL 2013 to each one of you there. The flow of time has once again ushered in a BRAND NEW YEAR for us wrapped in hopes,dreams and to establish new mile posts.To do something meaningful and leave our valuable mark on the face of time.
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Civil aviation in India hit turbulent weather in 2012 due to the stubbornly high jet fuel prices, interest costs and strikes which troubled the financially-stretched industry. The grounding of Kingfisher Airlines exemplified matters. |
Civil Aviation Minister Ajit Singh's efforts to pull the industry out of the crisis and allow foreign airlines to pick stakes in Indian carriers also proved too little too late as taxes on fuel, airport charges and an economic slowdown made the measures ineffective. |
The government reforms such as a "turnaround" package for Air India, allowing domestic carriers to directly import fuel, re-negotiations on bilateral air rights and the permission to foreign airline could not stabilise the situation."Overall, 2012 has been a mixed bag with long-term reforms and medium- term pains for all of us. |
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January 2013 ushered in news about AirAsia planning to launch an Indian airline in partnership with an Indian promoter to fulfill its desire to earn share in one of Asia's biggest aviation markets. |
| The growth in passenger traffic will be high when 2013 results (traffic) will be compared to 2012, as other airlines like IndiGo and SpiceJet are increasing capacity.The Aviation experts predict an exponential growth in Indian Aviation in the next few years. |
| For the ensuing year, the government is planning to focus on providing greater connectivity to smaller cities where the growth potential is high and setting up a Civil Aviation Authority (CAA), replacing the DGCA. |
| The ministry would also try to get jet fuel under the Petroleum and Natural Gas Regulatory Board (PNGRB), thereby ensuring transparency in prices, which are hiked due to addition of 3-33 percent tax levied by states. |
| The International Air Transport Association (IATA) predicted the country would become the second fastest growing aviation market in the world by 2016. |
India, said the IATA, will have the second highest growth rate at 13.1 percent CAGR (compounded annual growth rate), adding 49.3 million new passengers. |
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LET US PLAN METICULOUSLY AND EXECUTE WHAT WE PLAN FOR THE BENEFIT OF OUR CUSTOMERS...... |
| Aryama Sanyal |
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