New Delhi: Passengers might soon be flying on foreign-registered aircraft operated by Indian firms with the government planning to do away with certain decades-old requirements to further improve the ease of doing business.
The proposal, once implemented, would bring cheer to aircraft lessors by reducing the compliance requirements as well as make the process easier in case they want to re-take the leased planes.
Against the backdrop of the government making efforts to boost regional air connectivity, doing away with India-registration norm would provide more leeway for local operators planning to expand their fleet, sources said.
"We have started discussions and we are exploring the possibility of allowing foreign aircraft without Indian registration to operate in India," a senior Civil Aviation Ministry official told PTI.
To Read the News in Full 16/10/16 PTI/Economic Times
The proposal, once implemented, would bring cheer to aircraft lessors by reducing the compliance requirements as well as make the process easier in case they want to re-take the leased planes.
Against the backdrop of the government making efforts to boost regional air connectivity, doing away with India-registration norm would provide more leeway for local operators planning to expand their fleet, sources said.
"We have started discussions and we are exploring the possibility of allowing foreign aircraft without Indian registration to operate in India," a senior Civil Aviation Ministry official told PTI.
To Read the News in Full 16/10/16 PTI/Economic Times
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