From Uncertainty To Certainty: Indian Perspective Of Cape Town Convention

Indian civil aviation industry has undergone a series of changes since the deregulation in the 1990s to 2004. According to Kanthe, "Indian aviation industry promises huge growth potential due to large and growing middle class population, favorable demographics, rapid economic growth, higher disposable incomes, rising aspirations of the middle class, and overall low penetration levels (less than 3%)."¹ Given the massive growth potential, India has taken certain measures to ensure that India's civil aviation industry is nurtured to reach its full potential. One of these steps pertains to deregulation of aircrafts to ensure confidence for international lessors while crediting to the civil aviation industry. Although the position is clear presently, earlier there was a confusion regarding India's stand towards the Cape Town Convention.