2nd Annual of Airport Modernization Summit 2018
June 7, 2018 @ 8:00 am - June 8, 2018 @ 5:00 pm
With a huge growth in the number of Airlines, India as a country needs to develop and expand its airports to handle an additional 500-600 million passengers by 2030. The 55 new airports that are estimated to be required by 2030 will need 150,000 to 200,000 acres of land to be allocated for their development. All of this will require USD36-45 billion of investment keeping in mind that the government will provide the land at a subsidized rate. The Indian airport system is expected to exceed its maximum structural capacity by FY 2022 and this can only be achieved only if all the Airport development and expansion projects are completed on schedule. Hence, the Aviation sector is working on a number of privatization initiatives.The government is also developing a comprehensive 25-year master plan for airports developments in the country to keep pace with air traffic growth. The infrastructure at some of the top airports in the country is crippling while there has been a consistent double-digit growth in domestic air traffic for the past three years.
The master plan will delve into the need for multiple airports in cities, revised and refined agreements with airport operators, providing attractive opportunities for operating brownfield airports, offering multiple brownfield airports as part of a package for bidding as well as scaling up the Airports Authority of India. According to a recent study by the Centre for Asia Pacific Aviation (CAPA), the country’s airport system is expected to exceed its maximum structural capacity by FY 2022.It has been noted that 10 aerodromes under the Airports Authority of India are already operating “beyond their design capacity”, while other aerodromes at Mumbai, Chennai, Delhi and Kolkata will reach their maximum capacity in the next one year to five years. As per International Air Transport Association’s (IATA) 20-year passenger forecast, it has been projected that by 2036 India will be the third fastest growing market with an expected addition of 337 million new passengers from 141 passengers in 2016.It has also been stated that the most crucial aspects are safety and security of airports and there can’t be any compromise on these two counts.
A team of the International Civil Aviation Organization (ICAO) was in India between November 6 and November 16 as part of its universal safety oversight audit programme. The team appraised six different areas, including personnel licencing, airworthiness, operations, legislation and organisation. They visited Chennai, Mumbai and that Civil Aviation Training College in Allahabad to inspect implementation of safety procedures laid down by the ICAO and India’s aviation regulatory body Directorate General of Civil Aviation (DGCA). Satisfied with the safety system put in place by the safety regulator,” according to a statement issued by the Ministry of Civil Aviation. The audit involved verification of response provided by the DGCA to certain protocol questions sent by the ICAO.
The ICAO audit carries a lot of weight globally and is crucial for India’s aviation sector, which has emerged as one of the fastest growing domestic aviation markets in the world.
Hence forth we Traicon Events are proud to announce the 2nd Annual Airport Modernization Summit 2018 scheduled on 7 & 8 June. This forum will bring together key government and private aviation sector stake holders under one roof to discuss on the challenges and opportunities in developing and modernizing the Indian Aviation sector.