Wednesday, May 10, 2017

Round 2 Of UDAN: Government May Ease Entry Barriers To Get More Carriers On Board

The civil aviation ministry plans to invite bids from airlines under phase two of the regional connectivity scheme, UDAN, during the first week of July, Aviation Secretary RN Chaubey told BloombergQuint on Thursday. Chaubey added that he expected participation from a larger basket of carriers, including market leader IndiGo.
Chaubey based his optimism on IndiGo’s announcement on Thursday that it will procure 50 ATR 72-600 turboprop aircraft, typically used for regional operations to smaller airports. The budget carrier is setting up a separate division to handle regional operations.
Among the top five airlines by market share, only SpiceJet Ltd., and national carrier Air India's subsidiary Alliance Air had participated in round one of the scheme.
09/05/17 Krishanu Mukherji/Bloomberg