CENTRE FOR CONTINUING EDUCATION

AVIATION MANAGEMENT

INTRODUCTION

Aviation sector brings enormous benefits to communities and economies around the globe. It is a key enabler of economic growth, social development and tourism providing connectivity and access to markets. Air transport currently supports 56.6 million jobs and over US$2.2 ,trillion of global GDP. It is a strategic contributor to economic growth and development.

CONTD…

The aviation industry in India has experienced remarkable transformation in the last 20 years. As the Indian economy moved towards becoming more outward oriented, rising per capita incomes, changes in the structure of the economy meant greater demand for mobility to meet business and personal needs. Thus, there was an increase in demand for physical infrastructure in general and transportation in particular. Air travel is now becoming an affordable mode of transportation for a much broader segment of the population than before.

Companies in Aviation Management

There are Many large Indian Aviation companies such as:- Ahmedabad Aviation and Aeronautics Ltd, Air Charter Services Pvt. Ltd. Air Charters India Air India Ltd Bengal Institute of Technocrats Deccan Aviation Ltd. Global Vectra Helicorp Ltd Hindustan Aeronautics Ltd. India Flysafe Aviation IndiGo Jagson Airlines Ltd Jet Airways SpiceJet

INITIATIVE BY GOVERNMENT

The initiatives by the government are a further boost to this industry. Its plans to modernize the infrastructure and develop more international airstrips are also proving to be a impetus to this industry. New airports are to be built to handle more traffic and ease the pressure on the existing airfields. Modernization of airstrips in metropolises is also being planned. All these initiatives are through public–private partnerships.

FUTURE & SCOPE

The Indian aviation industry is forecasted to grow phenomenally in the coming years. The Vision 2020 announced by the Civil Aviation Ministry conceives of building infrastructure to support 280 million customers. Investments to the extent of US$ 110 billion are envisaged by 2020. About US$ 30 billion for development and sprucing up of existing airports and US$ 80 billion for building new fleets is being estimated. The aerospace giant Boeing projects that the Indian aviation industry will require about 1,000 commercial jets in the coming 20 years.

Related areas like repairs, maintenance, and training also provide good investment potential. Thus, overall it is a very promising sector and a potent investment area.