Mumbai: The government has no plans to cap airline permits, Civil Aviation Minister Ajit Singh said on Tuesday. Singh, however, has asked the Directorate General of Civil Aviation to carry out a study of capacity and demand growth and wants the aviation regulator to review some of the licencing norms including the minimum paid up capital requirement for starting an airline. This is being done to ensure financial health of aviation sector in India, he said.
"We are not going to stop any one to start an airline. There is no plan to cap licences,'' Singh stated. Airline companies require a no objection clearance and a scheduled operating permit from the DGCA to launch services. At present there nine airlines operating on regional and national routes. AirAsia and Tata-Singapore Airlines are awaiting government approval to start services.
Read News In Full 04/02/14 Aneesh Phadnis/Business Standard
No comments:
Post a Comment