Aviation sector to grow further; traffic nearing pre-Covid level: Officials | Mint
Active Stocks
Thu Feb 22 2024 15:29:56
  1. Bharti Airtel share price
  2. 1,134.50 -0.46%
  1. Tata Steel share price
  2. 145.85 1.39%
  1. State Bank Of India share price
  2. 765.95 -0.73%
  1. HDFC Bank share price
  2. 1,419.80 -1.28%
  1. Power Grid Corporation Of India share price
  2. 282.55 0.86%
Business News/ News / India/  Aviation sector to grow further; traffic nearing pre-Covid level: Officials
BackBack

Aviation sector to grow further; traffic nearing pre-Covid level: Officials

Civil Aviation Secretary Rajiv Bansal said there is a huge upside for growth in the sector, Scindia mentioned the country expects to have around 220 airports in the next five to seven years at the curtain raiser event for Wings India 2022

Civil Aviation Secretary Rajiv Bansal said there is a huge upside for growth in the civil aviation sector. (AFP)Premium
Civil Aviation Secretary Rajiv Bansal said there is a huge upside for growth in the civil aviation sector. (AFP)

The country's civil aviation sector has almost reached the pre-COVID level in terms of traffic and will continue to grow further, officials said on Thursday.

They were speaking at the curtain raiser event for Wings India 2022, a key event which is to be held from March 24 to 27 in Hyderabad.

Civil Aviation Minister Jyotiraditya Scindia inaugurated the event, which will also feature a global aviation summit.

Civil Aviation Secretary Rajiv Bansal said there is a huge upside for growth in the civil aviation sector.

"We will continue to grow faster than we were growing earlier," he said.

Usha Padhee, joint secretary at the ministry, said there is a semblance of normalcy and more than 85 per cent of pre-COVID air traffic is back.

Scindia said the country expects to have around 220 airports in the next five to seven years.

In the last seven years, the number of airports has been almost doubled to 136 by adding 62 more aerodromes. Earlier, it was only 74 airports, he noted.

Further, he stressed that horizontal expansion will result in vertical depth.

According to the minister, the overall freight handled by the country's airports during the first two quarters of FY-22 (combined) recovered to more than 80 per cent of the pre-pandemic level. It was at 15.36 lakh MT during that period.

Wings India 2022 will be Asia's largest event on civil aviation (commercial, general and business aviation), according to an official release.

Among others, Minister of State for Civil Aviation V K Singh was present at the event. 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 18 Nov 2021, 09:55 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App