Author: Tan KW | Publish date: Sat, 14 May 2016, 11:52 PM
India Infoline News Service | Mumbai | May 13, 2016 07:36 IST
The Union Civil Aviation Ministry had sought a response from ministries such as finance, home, external affairs and commerce on the proposed new civil aviation policy, before sending it to the Union Cabinet for approval, says the financial newspaper.
Vistara and AirAsia will soon be able to fly abroad as all key ministries have supported abolition of the five-year 20-aircraft rule that airlines had to meet before commencing international operations, reports a business daily.
The Union Civil Aviation Ministry had sought a response from ministries such as finance, home, external affairs and commerce on the proposed new civil aviation policy, before sending it to the Union Cabinet for approval, says the financial newspaper.
Abolition of the 5/20 rule was one of the key proposals in it, according to the paper.
“Comments from ministries are in support of the abolition of 5/20. The Cabinet note, which has the approval of both ministers (Cabinet Minister Ashok Gajapati Raju and junior minister Mahesh Sharma), is likely to be sent by the end of this week,“ a senior Civil Aviation Ministry official has been quoted as saying.
The abolition of the minimum time requirement will mean Vistara and AirAsia India, which were launched in 2015 and 2014, respectively, will not have to wait 5 years for flying abroad, as long as they have a fleet strength of 20, says the paper.
At present the airlines, both part-owned by the Tata Group, have 9 and 6 aircraft, respectively, according to the daily.
Government officials also told the daily that the External Affairs Ministry has approved the Civil Aviation Ministry's proposal to conduct auction of bilateral traffic rights.
http://www.indiainfoline.com/article/news-top-story/vistara-airasia-may-soon-get-to-fly-abroad-116051300329_1.htm
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