Wednesday, October 26, 2016

Government proposes deadline to fly back de-registered leased planes

New Delhi: To make it easier for overseas aircraft lessors, the government has proposed setting a deadline of five working days for giving permission to fly back de-registered aircraft to their respective jurisdictions.
The proposal is part of the government's efforts to improve the ease of doing business in the country's fast growing aviation sector, which has been seeing over 20 per cent growth in the last nearly two years.
Lessors have faced problems in taking back aircraft leased to Indian carriers in the past, especially with regard to shuttered Kingfisher Airlines. Recently, regional carrier Air Pegasus' three planes were de-registered by Directorate General of Civil Aviation (DGCA).
The Civil Aviation Ministry has proposed amendments to the Aircraft Act, 1937, in order to make it more easier for aircraft lessors to carry out their business in the country.
25/10/16 PTI/Economic Times