New Delhi: Ahead of the release of the government’s draft civil aviation policy, Vistara has sought the current requirements to fly abroad and the compulsive allocation of flights to remote regions be done away with. It also opposed regulation of airfares.
The report, titled ‘Maximising the contribution of aviation to the Indian economy’, was released on Tuesday. It was prepared by the Centre for Asia Pacific Aviation (CAPA). The report, also submitted to the Union civil aviation ministry, said by 2025, the steps it recommended would help the aviation sector contribute $250 billion a year to India’s gross domestic product, against the current $25 billion a year.
The report sought abolition of the ‘5/20’ rule to fly abroad. Currently, an Indian carrier has to run operations for five years and have 20 aircraft to fly on international routes. There is no such restriction on international airlines taking passengers to and from the country.
07/10/15 Business Standard
To Read the News in full at Source, Click the Headline
The report, titled ‘Maximising the contribution of aviation to the Indian economy’, was released on Tuesday. It was prepared by the Centre for Asia Pacific Aviation (CAPA). The report, also submitted to the Union civil aviation ministry, said by 2025, the steps it recommended would help the aviation sector contribute $250 billion a year to India’s gross domestic product, against the current $25 billion a year.
The report sought abolition of the ‘5/20’ rule to fly abroad. Currently, an Indian carrier has to run operations for five years and have 20 aircraft to fly on international routes. There is no such restriction on international airlines taking passengers to and from the country.
07/10/15 Business Standard
