Airline Being Named After Amaravati

The government of Andhra Pradesh is planning to launch an airline. This airline is most likely to be named after Amaravati, once the capital of the state is developed. Chief Minister, N Chandrababu Naidu said that this is an initiative aiming at bringing in global exposure to the upcoming capital city and also to boost the aviation sector in the state.

He also said that when Amaravati is fully developed, the government will wish to have its own international airport and airline, depending upon the requirement at that particular time. The state currently has five commercial airports – Visakhapatnam, Tirupati, Vijayawada, Rajamundry and Kadapa. Adding on are the six Greenfield airports – Bhogapuram, Dagadarthi, Orvakallu, Kuppam, Tadepallegudam and Ongole, which are also being developed through public private partnership (PPP).

Even though the VAT on jet fuel has been reduced to 1 percent by the government, the losses being incurred on this account have been offset by the surge in air traffic

. Before the AP Aviation Policy 2015, there was 4 percent VAT on aviation turbine fuel. Later on it has been reduced to 1 percent. The multiplication in the number of flights after the VAT reduction has led to the revenue loss of the state.

The air passenger traffic in the state is expected to grow to 3.6 million by the end of this fiscal year, with the previous year having only 2.7 million passengers. However, the aircraft movement in all the airports is most likely to expect a growth to 44,437 by the end of this fiscal year.

This post was last modified on 02/03/2017 4:14 pm

Share
Leave a Comment

Recent Posts

Rushikonda buildings: Chandrababu Naidu hits out at Jagan

Chief Minister N Chandrababu Naidu has come down heavily on former Chief Minister Y S…

6 hours ago

Roads in State will be pothole-free by Sankranti: CM

Chief Minister N Chandrababu Naidu has said all roads in the Andhra Pradesh state should…

6 hours ago

5 reasons why you should watch Bhool Bhulaiyaa 3 now!

Kartik Aaryan's new horror-comedy, Bhool Bhulaiyaa 3, is the talk of the town, winning hearts…

7 hours ago

Bigg Boss Telugu 8: Nikhil’s Aggression Shocks The Audience!

Bigg Boss Telugu is a popular reality show with a huge viewership from all ages.…

10 hours ago

IT employee dies in road accident in Vizag

A youth died in a road accident near Panorama Hills in the limits of the…

10 hours ago

7 upcoming events in Visakhapatnam this November that are actually fun!

As we step into a new month, fresh possibilities and memories waiting to be made…

11 hours ago