{"id":49211,"date":"2025-10-27T14:05:46","date_gmt":"2025-10-27T08:35:46","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=49211"},"modified":"2025-10-30T11:12:04","modified_gmt":"2025-10-30T05:42:04","slug":"iata-agm-2024-indias-aviation-milestones-pm-modis-vision-for-global-connectivity","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/iata-agm-2024-indias-aviation-milestones-pm-modis-vision-for-global-connectivity\/","title":{"rendered":"IATA AGM 2024: India\u2019s Aviation Milestones &#038; PM Modi\u2019s Vision for Global Connectivity"},"content":{"rendered":"<h2>IATA AGM 2025 Latest News<\/h2>\n<ul>\n<li>The International Air Transport Association\u2019s (IATA) 81st Annual General Meeting and World Air Transport Summit is being held in India from 1st to 3rd June, marking the country&#8217;s first hosting of the event in 42 years.\u00a0<\/li>\n<li>The summit will address major industry issues such as airline economics, air connectivity, energy security, sustainable aviation fuel, decarbonisation financing, and innovation.<\/li>\n<\/ul>\n<h2>International Air Transport Association (IATA)\u00a0<\/h2>\n<ul>\n<li>IATA is a global trade association of the world\u2019s airlines. It represents, leads, and serves the airline industry, aiming to ensure safe, secure, efficient, and economical air transport.<\/li>\n<li>It represents 82% of global air traffic.<\/li>\n<li>It is headquartered at Montreal, Canada.<\/li>\n<\/ul>\n<h3>Origin &amp; Members<\/h3>\n<ul>\n<li>IATA was founded in Havana, Cuba, on 19 April 1945.\u00a0\n<ul>\n<li>It is the successor to the International Air Traffic Association founded in the Hague in 1919 &#8211; the year of the world&#8217;s first international scheduled services.<\/li>\n<\/ul>\n<\/li>\n<li>At its founding, IATA had 57 members from 31 nations, mostly in Europe and North America.\u00a0<\/li>\n<li>Today it has some 350 members from 120 nations in every part of the globe.<\/li>\n<\/ul>\n<h3>Functions of IATA<\/h3>\n<ul>\n<li><strong>Industry Standards &amp; Regulations<\/strong>: Develops global commercial and operational standards for airlines (e.g. ticketing, cargo handling).<\/li>\n<li><strong>Advocacy<\/strong>: Represents airline interests in global policy debates and with international organizations and governments.<\/li>\n<li><strong>Financial Systems<\/strong>: Manages global financial systems like BSP (Billing and Settlement Plan) and CASS (Cargo Accounts Settlement System) for efficient fund transfers.<\/li>\n<li><strong>Training &amp; Certification<\/strong>: Provides training, certification, and operational guidance to improve safety and efficiency.<\/li>\n<li><strong>Sustainability<\/strong>: Supports the transition to net-zero emissions and promotes Sustainable Aviation Fuels (SAF).<\/li>\n<li><strong>Data &amp; Research<\/strong>: Publishes reports and forecasts on industry trends, economics, safety, and performance.<\/li>\n<\/ul>\n<h2>Key Highlights of the PM Modi\u2019s speech at the Summit<\/h2>\n<ul>\n<li>PM Modi welcomed global aviation leaders, noting the return of the IATA AGM to India after 42 years.<\/li>\n<li>Highlighted India\u2019s transformation into a more confident nation with global relevance in aviation, space convergence, and inclusive development.<\/li>\n<\/ul>\n<h3>Three Pillars of India&#8217;s Aviation Growth<\/h3>\n<ul>\n<li><strong>Vast Market<\/strong>\u00a0\u2013 Driven by an aspirational society.<\/li>\n<li><strong>Talent Pool<\/strong>\u00a0\u2013 Youth excelling in AI, robotics, and clean energy.<\/li>\n<li><strong>Supportive Policies<\/strong>\u00a0\u2013 Enabling industry-wide growth and innovation.<\/li>\n<\/ul>\n<h3>Milestones in Indian Aviation<\/h3>\n<ul>\n<li>India is now the\u00a0<strong>3rd largest domestic aviation market<\/strong>.<\/li>\n<li>Under the\u00a0<strong>UDAN scheme<\/strong>, over\u00a0<strong>1.5 crore<\/strong>\u00a0passengers have availed affordable air travel.<\/li>\n<li>Annual passenger traffic has reached\u00a0<strong>240 million<\/strong>, projected to touch\u00a0<strong>500 million<\/strong>\u00a0by 2030.<\/li>\n<li>Air cargo stands at\u00a0<strong>3.5 million metric tons<\/strong>, to grow to\u00a0<strong>10 million<\/strong>\u00a0by decade&#8217;s end.<\/li>\n<\/ul>\n<h3>Infrastructure &amp; Fleet Expansion<\/h3>\n<ul>\n<li>Airports increased from 74 (2014) to 162.<\/li>\n<li>Indian carriers have ordered 2,000+ new aircraft.<\/li>\n<li>Airports can now handle 500 million passengers annually.<\/li>\n<\/ul>\n<h3>Technology &amp; Sustainability<\/h3>\n<ul>\n<li>Emphasis on\u00a0<strong>green mobility<\/strong>\u00a0and\u00a0<strong>sustainable aviation fuels<\/strong>.<\/li>\n<li>Showcased\u00a0<strong>Digi Yatra<\/strong>\u00a0as a paperless, digital travel model using\u00a0<strong>facial recognition<\/strong>, setting global standards.<\/li>\n<li>India is investing in\u00a0<strong>green technologies<\/strong>\u00a0to reduce aviation\u2019s carbon footprint.<\/li>\n<\/ul>\n<h3>Legislative &amp; Industrial Reforms<\/h3>\n<ul>\n<li>Announced the\u00a0<strong>Protection of Interest in Aircraft Objects Bill<\/strong>\u00a0aligning India with the\u00a0<strong>Cape Town Convention<\/strong>.<\/li>\n<li><strong>Gift City incentives<\/strong>\u00a0and\u00a0<strong>tax reforms<\/strong>\u00a0have made India attractive for aircraft leasing.<\/li>\n<li>The\u00a0<strong>Bharatiya Vayuyan Adhiniyam, 2024<\/strong>, which replaces the Aircraft Act of 1934, brings Indian aviation laws in line with global best practices.<\/li>\n<\/ul>\n<h3>Boost to Maintenance, Repair &amp; Overhaul (MRO) Sector<\/h3>\n<ul>\n<li>India aims to build a\u00a0<strong>$4 billion MRO hub<\/strong>\u00a0by 2030.<\/li>\n<li>MRO facilities grew from\u00a0<strong>96 (2014)<\/strong>\u00a0to\u00a0<strong>154<\/strong>.<\/li>\n<li>100% FDI, GST reductions, and tax simplification boosted the sector.<\/li>\n<\/ul>\n<h3>Inclusive &amp; Gender-Responsive Aviation Growth<\/h3>\n<ul>\n<li>Over\u00a0<strong>15% of pilots in India<\/strong>\u00a0are women\u2014<strong>three times the global average<\/strong>.<\/li>\n<li><strong>86% of cabin crew<\/strong>\u00a0and growing numbers of\u00a0<strong>women engineers<\/strong>\u00a0outpace global trends.<\/li>\n<li>Drones empower women in agriculture, logistics, and services.<\/li>\n<\/ul>\n<h3>Safety, Global Cooperation &amp; Open Skies<\/h3>\n<ul>\n<li>India aligned aviation regulations with\u00a0<a href=\"https:\/\/vajiramandravi.com\/current-affairs\/international-air-transport-association-iata\/\" target=\"_blank\" rel=\"noopener\" target=\"_blank\">International Civil Aviation Organization (ICAO)<\/a>\u00a0standards.<\/li>\n<li>ICAO audit and\u00a0<strong>Delhi Declaration<\/strong>\u00a0highlight India\u2019s safety and global commitment.<\/li>\n<li>Reaffirmed commitment to\u00a0<strong>Open Skies<\/strong>\u00a0and\u00a0<strong>Chicago Convention<\/strong>\u00a0for global connectivity.<\/li>\n<\/ul>\n<h2>IATA AGM 2025 FAQs<\/h2>\n<p><strong>Q1.<\/strong>\u00a0What is IATA?<\/p>\n<p><strong>Ans.<\/strong>\u00a0IATA is a global airline trade association representing 82% of global air traffic, headquartered in Montreal, Canada.<\/p>\n<p><strong>Q2.<\/strong>\u00a0When was IATA founded and where?<\/p>\n<p><strong>Ans.<\/strong>\u00a0IATA was founded on April 19, 1945, in Havana, Cuba, succeeding a 1919 association.<\/p>\n<p><strong>Q3.<\/strong>\u00a0What are IATA\u2019s main functions?<\/p>\n<p><strong>Ans.<\/strong>\u00a0It sets standards, advocates for policy, manages finances, supports training, and promotes sustainability in global aviation.<\/p>\n<p><strong>Q4.<\/strong>\u00a0What key reforms did PM Modi highlight?<\/p>\n<p><strong>Ans.<\/strong>\u00a0Modi discussed aviation law updates, airport expansion, Digi Yatra, and a $4 billion MRO goal by 2030.<\/p>\n<p><strong>Q5.<\/strong>\u00a0Why is India important to global aviation?<\/p>\n<p><strong>Ans.<\/strong>\u00a0India is the 3rd largest domestic market, rapidly expanding infrastructure, fleet, and policy leadership in aviation.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.thehindu.com\/business\/Industry\/prime-minister-narendra-modi-addresses-the-agm-of-international-air-transport-association\/article69649030.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a>\u00a0|\u00a0<a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2133351\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a>\u00a0|\u00a0<a href=\"https:\/\/www.iata.org\/en\/about\/history\/\" target=\"_blank\" rel=\"nofollow noopener\">IATA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PM Modi addresses IATA\u2019s 81st AGM in India after 42 years, highlighting aviation growth, reforms, and future global leadership.<\/p>\n","protected":false},"author":8,"featured_media":49219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[674,60,22,668],"class_list":{"0":"post-49211","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"tag-iata-agm-2025","9":"tag-mains-articles","10":"tag-upsc-current-affairs","11":"tag-upsc-mains-current-afffairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/49211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=49211"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/49211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/49219"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=49211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=49211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=49211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}