More airports to be privatised soon
newsdig , Oct 23, 2019
The government is going ahead with privatisation and more airports will be privatised soon, a senior Civil Aviation Ministry official said on Tuesday.
Speaking at the 'Smart Safe Secure Skies,' event organised by FICCI jointly with Thales, Joint Secretary, Ministry of Civil Aviation, Usha 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.
"Government is, for the first time, talking about disinvestment of Air India and Pawan Hans Ltd. We have already privatised some airports and more airports are in line.
Three have been awarded, few more are in line. It is a continuous trend," she said.
With just seven per cent 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 added.
"Be confident that the next two decades are going to be a growth story," Padhee said, adding that the sector, which faces competing demands from its different stakeholders, needs the ecosystem to work as one integrated model.
Maheshwar Dayal, Deputy Director General, Bureau of Civil Aviation Security (BCAS), said the pressures of growth, commercial interests of the industry and pressures of security are always at loggerheads and striking a balance has been a difficult task for BCAS.