New Delhi: The civil aviation ministry is likely to allow domestic airlines to pool their orders to purchase aircraft. This would reduce costs for carriers because it would help them negotiate better terms with aircraft manufacturers and bring down the overall associated costs.
“It is a good idea, where airlines can come together and place their orders for aircraft,” said a senior official with the aviation ministry. He added that the matter was being discussed with the carriers and International Air Transport Association, among others.
The ministry is looking at various possibilities to reduce the costs incurred by domestic carriers while buying planes.
“India missed the offsets bus. We bought billions worth of commercial aircraft and military products from leading countries over the past six decades, but negotiated the offsets piecemeal. Ideally, we should have pooled the orders and then negotiated with the global giants to set up compete assembly lines here rather than ordering a few non-sensitive components from Indian suppliers in the name of offsets,” said Amber Dubey, partner and India head of aerospace and defence at KPMG.
Read news in full18/07/15 PTI/Business Standard
“It is a good idea, where airlines can come together and place their orders for aircraft,” said a senior official with the aviation ministry. He added that the matter was being discussed with the carriers and International Air Transport Association, among others.
The ministry is looking at various possibilities to reduce the costs incurred by domestic carriers while buying planes.
“India missed the offsets bus. We bought billions worth of commercial aircraft and military products from leading countries over the past six decades, but negotiated the offsets piecemeal. Ideally, we should have pooled the orders and then negotiated with the global giants to set up compete assembly lines here rather than ordering a few non-sensitive components from Indian suppliers in the name of offsets,” said Amber Dubey, partner and India head of aerospace and defence at KPMG.
Read news in full18/07/15 PTI/Business Standard
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