Aviation sector registers robust growth in 2007: Economic Survey 2007-08
29 February 2008
New Delhi: The civil aviation sector has continued to register a robust growth in the January-December 2007 period with domestic passenger traffic growing 32.51 per cent. According to the Economic Survey 2007-08, tabled in Parliament on Thursday by the union finance minister, P Chidambaram, international air traffic also grew by 15.6 per cent in the same period.
Seen together international and domestic passenger traffic have almost doubled between 2004 and 2007, according to the survey.
Similarly, international airfreight traffic grew 13 per cent, even as the domestic air cargo sector registered a growth of 9.8 per cent during April-October 2007 period.
According to the survey, the process of consolidation in the sector has begun and will enable airlines to increase revenues through synergies in operations and through optimal utilisation of resources.
Notable consolidation moves during the year saw the Government initiate the process of merging Air India and Indian, private carrier Jet Airways completing its merger with Air Sahara and Kingfisher Airlines acquiring Air Deccan.
With passenger traffic on the increase and airlines increasing in size, infrastructure development has become a key issue and the Airports Authority of India (AAI) has begun the process of modernising Kolkata and Chennai airports.