Government to continue with privatization in Aviation Sector
Business Standard , Oct 22, 2019
Usha Padhee, Joint Secretary, Ministry of Civil Aviation, Government of India, today said that the government will continue with privatisation in the aviation sector and more airports will be privatised soon. Speaking at the 'Smart Safe Secure Skies', organised by FICCI jointly with Thales, Padhee said the Indian civil aviation sector is growing at a rapid pace and is attracting a lot of investment, particularly from the private sector.
With just 7% penetration in a country of 1.2 billion, Padhee added that about 300 million to 400 million middle class in India are still waiting to fly. Just one ticket per passenger in a year will take India ahead of the UK, the world's third-largest civil aviation market. She noted further that the sector, which faces competing demands from its different stakeholders, needs the ecosystem to work as one integrated model.