An Introduction

An Introduction

The Indian Aviation Industry is one of the Fastest-Growing Aviation Industries in the world with private airlines accounting for more than 75 percent of the sector of the Domestic Aviation market (as of 2006). With a compound annual growth rete (CAGR) of 18 percent and 454 Airports and Airstrips in place in the country of which 16 are designated as international airports, Union Civil Aviation Minister Mr. Prafull Patel has stated that the aviation sector will witness revival by 2011.

With an increase in traffic movement during December 2009 and increase in revenues by almost US$ 21.4 million. the Airport Authority of India seems set to ecurie better margins in 2009- 10, as per the latest estimates released by the Ministry of Civil Aviation. This is being primarily attributed to increase in the share of revenue from Delhi International Airport Limited (DIAL and Mumbai International Airport Limited (MIAL). Passengers carried by domestic airlines from January-february 2010 stood at 8,056,000 as against 6,761,000 in the corresponding period of 2009 a growth 20 19.2 per cent, according to a report released by the Ministry of civil Aviation.

The Hyderabad International Airport has been ranked amongst the world's top five in the annual Airport service Quality (ASQ) passenger survey along with airports at Seoul, Singapore, Hongkong and Beijing. The Hyderabad International Airport is managed by a public-private joint venture consisting of the GMR Group, Malaysia Airports Holdings Berhad and both the State Government of Andhra Pradesh and the Airport Authority of India (AAI).