Aviation Sector Current Affairs - 2020
On January 18, 2020, the Industrial meet of the Asia’s largest Civil Aviation was held in Bengaluru. The Civil Aviation event is to be held at Begumpet airport, Hyderabad in March 2020. The theme of the event will be
Theme: Flying for All
The Industrial Meet was held at Bengaluru as the city is the IT Capital of India and has the potential to become an Aviation Capital of the country. The aim of the meet is to unite all the regulators and facilitators of the aviation sector. It was announced at the event that GoI has planned to set up a world class training facility for astronauts and pilots together.
Aviation Sector in India
India is the third largest domestic civil aviation market in the world. Also, it is the second fastest aviation industry in the world. Currently, India ranks 9 in terms of the civil aviation market.
The aviation sector currently contributes 72 billion USD to GDP. It provides job opportunities to 8 million Indians.
Targets set for aviation sector
- India aims to become the third largest aviation market globally by 2024
- The number of Indian carriers is to be increased to 1,100 by 2027
- The freight traffic at the airports of India is to cross 11.4 MT by 2032.
The GoI has taken several measures to improve the sector. It includes permitting 100% FDI in sea planes, helicopter services, group handling services and non-scheduled air transport services
Tags: Aviation Sector • Bengaluru • Civil Aviation • Economic Growth • FDI
The International Civil Aviation Day is observed every year on 7 December across the world to generate and reinforce worldwide awareness of importance of international civil aviation to social and economic development.
It also seeks to highlight unique role of International Civil Aviation Organization (ICAO) in helping member states to cooperate and realize a truly global rapid transit network at the service of all mankind.
The International Civil Aviation Day was established in 1994 as part of ICAO’s 50th anniversary activities. It was officially recognised in the UN system by the UN General Assembly in 1996. On this day in 1944, participants from 54 nations gathered in Chicago, US had signed Convention on International Civil Aviation, also known more popularly as the ‘Chicago Convention’. Since then, the defining international agreement has permitted global civil aviation system to develop peacefully, in manner benefitting all nations across the world.