The Federation of Indian Airlines (FIA), formed some eight years ago in 2006, had Air India, Jet Airways, IndiGo Air, SpiceJet and Go Air as its members. It recently, lost its founder-member in Air India. The Federation had resisted the issue of licences to Air Asia and Tata SIA by protests to the Director General of Civil Aviation (DGCA). And when the issue of 5/20 rule was talked about, they made a hue and cry that this should not be waived and that all new airlines must complete five years of domestic service before being allowed to fly on international routes, provided they have a fleet of 20 aircraft, "as per rules" in force.
That was the rule then. Now it might change. Civil Aviation Minister Ashok Gajapathi Raju has not succumbed to this pressure by the Federation and had stated that 5/20 rule does not exist in any country across the world!
Now the Associated Chambers of Commerce and Industry of India (Assocham) has released a white paper, which says "there is no logic in the policy (rule) of government that required airlines to operate local service for five years and have a fleet of 20 aircraft before being allowed to fly to foreign destinations".
25/11/14 Ak Ramdas/moneylife.in
To Read the News in full at Source, Click the Headline
That was the rule then. Now it might change. Civil Aviation Minister Ashok Gajapathi Raju has not succumbed to this pressure by the Federation and had stated that 5/20 rule does not exist in any country across the world!
Now the Associated Chambers of Commerce and Industry of India (Assocham) has released a white paper, which says "there is no logic in the policy (rule) of government that required airlines to operate local service for five years and have a fleet of 20 aircraft before being allowed to fly to foreign destinations".
25/11/14 Ak Ramdas/moneylife.in
