Ruling global skies

Ministry of Civil Aviation recently released its vision document for 2040, which reveals that increase six-fold to 1.1 billion and the number of airports will touch 200. In fact, the document revealed that in the years to come, the country will have its own aircraft leasing industry, along with tax structure and repossession processes. India is all set to receive delivery of around 1,000 aircraft, airlines to 2359 by 2040 from 622 in March 2018. The document also revealed that MoCA might create a Nabh Nirman Fund of USD 2 billion to fund low National Civil Aviation Policy (NCAP), which was released in 2017, this vision takes MoCA’s plans for Indian aviation a step further.