New Delhi: India is going to lift the five-year-20-aircraft rule for its carriers to fly abroad completely, allowing startup airlines here to have their launch flights abroad. Now, any desi carrier planning to fly abroad will only have to meet the norms that the airlines need to meet to remain a schedule carrier in India — have a fleet of five aircraft and a paid-up capital of Rs 50 crore within a year of starting operations.
"Why should there be any additional requirement for Indian carriers? We have allowed small airlines from neighbouring places to fly here without imposing any similar conditions on them. The change we are proposing will bring Indian carriers completely at par with foreign airlines in terms of the freedom to fly in and out of India," aviation minister Ajit Singh said. The minister added that such airlines will also have to meet all safety, security and regulatory norms.
Read News in full 16/01/14 Saurabh Sinha/Times of India
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