Government may soon do away with overseas flying rules of aircraft

New Delhi: Government may soon do away with the rule that allows an Indian carrier to fly overseas only after it has flown within the country for five years and has a 20-aircraft fleet, with officials saying there was no justification for such norms to continue now.
A note for the Union Cabinet has been moved by the Civil Aviation Ministry some weeks ago and the matter may be taken up in the next few weeks, they said.
"There is no valid reason for such a rule to exist in the present context," an official, requesting anonymity, said.
At present, only airlines with at least five years of continued domestic operations, a minimum of 20 aircraft and paid-up capital of Rs 100 crore can fly abroad, under the rule that was approved by the Cabinet in December 2004.
Read News In Full 25/09/13 PTI/Economic Times