DGCA seeks rules for transfer of airline rights in mergers

Bangalore: The Directorate General of Civil Aviation (DGCA) has asked the civil aviation ministry to frame rules on transfer of assets and facilities in case of airline mergers and acquisitions.
International flying rights, parking and landing slots, hangars and offices at airports change hands when one carrier buys or merges with another.
The Directorate wants these to be carried out under a set of principles, known as civil aviation requirements (CAR). The planned rules, prompted by Jet Airways’ acquisition of Air Sahara, are likely to become an industry benchmark. The DGCA believes parking/flight slots and aiport offices should not pass from one licence holder/operator to another without approval, sources said.
07/03/06 Economic Times

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