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The Finance Minister is seeking to provide a big push to the country's civil aviation sector, aiming at five-fold growth in passenger traffic to a billion trips a year. The Minister said the Airport Authority of India (AAI) has 124 airports and it is proposed to expand by more than five times the airport capacity to handle a billion trips a year under a new initiative -- NABH Nirman.
He said, “In the last three years, domestic air passenger traffic grew at 18 per cent per annum and the airline companies have placed orders for more than 900 aircraft.”
“The regional connectivity scheme of UDAN (Ude Desh ka Aam Nagrik) initiated by the Government last year should connect 56 unserved airports and 31 unserved helipads across the country. Operations have already started at 16 such airports,” he said. It is proposed to leverage the balance sheet of AAI to raise more resources to fund this expansion.
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