17 March 2016 Current Affairs: President Pranab Mukherjee will formally inaugurate the fifth edition of the India Aviation 2016 on March 15,2016.and the five-day biennial aviation show is being jointly organised by the Union Civil Aviation Ministry and the Federation of Indian Chambers of Commerce and Industry (FICCI) at the Begumpet airport at the heart of the city.About 25 countries are taking part this time in the India Aviation show, being held with the theme of Indian civil aviation sector: Potential as global manufacturing hub.The passenger traffic in the country is expected to increase to 450 million by 2020 from the present about 160 millionBy the end of the 12th five year plan, the country's aviation sector is likely to see investments of more than 12 billion US Dollars, with major contribution from the private sector.The officials also informed that 200 low-cost airports are planned to be built in the next 20 years to connect tier-II and tire-III cities and about 1.3 billion Dollars planned to be spent on non-metro projects during in next two years, focussing on modernisation and upgradation of airports.Currently more than 85 international airlines operate to India and 5 Indian carriers connect over 40 countries. It is also one of the least-penetrated air markets in the world with 0.04 trips per capita per annum as compared to 0.3 in China and more than 2 in the US.Aviation Industry leaders, foreign delegates including ministers and ambassadors, officials, representatives of industry associations and other stakeholders from about 40 countries will be taking part. Leading aircraft and helicopter manufacturers like Boeing, Airbus, Textron, AA Embraer, Gulfstream, Dassault, Agusta Westland, Bell Helicopters, Russian Helicopters will take part in the show. As many as 30 aircrafts, including small business jets and big aircrafts will be on display.These include B777 by Air India, Dornier by HAL, TAC-003 by Thrust Aircraft Co., MI-172 by Pawan Hans, A 350 by Qatar Airways; A0330-300 by Air Asia; Legacy 500, 650, Phenom 200 and 300 by Embraer, B-787 by Etihad, A380 by Emirates. IndiGo will display A320 Neo, which recently made its debut in India and supposed to be the first eco-friendly and fuel efficient aircraft built by Airbus.The first three days will be only for business visitors while on the last two days it will be thrown open to general public.
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