Tuesday, March 31, 2015

Govt firm on scrapping 5/20 rule for airlines

Sticking to its earlier position, established carriers such as Jet Airways, IndiGo and SpiceJet on Tuesday opposed the government's move to replace the present 5/20 rule for launching foreign flights with domestic flying credit (DFC).

Against this, the start-up Tata group venture Vistara and Air Asia India pitched for further relaxation in the rules for flying overseas on the last day for submitting comments on the draft aviation policy that seeks to overhaul rules for flying.

An official source said that Federation of Indian Airlines, the trade body representing established private carriers, had urged for status quo of the present 5/20 rule.
 “We cannot please everyone. We have decided to move ahead with the change,” another official, who also did not wish to be named, said.
31/03/15 Nirbhay Kumar/Mydigitalfc.com
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