Tuesday, April 11, 2006

New aviation policy by May

New Delhi: Civil Aviation Minister Praful Patel said on Monday the government will unveil a new policy by May which could give a boost to the country's nascent air travel industry.He also said state-run international carrier Air India was free to raise debt for new planes. The airline had placed a firm order for 68 aircraft with Boeing Co. in January.
Earlier this month the government took its first step towards merging its domestic-focussed Indian Airlines Ltd. and Air India Ltd. as part of a wider strategy to take on nimble private players.
Patel said the government plans to make the central Indian city of Nagpur a hub for the country's air cargo traffic.The minister said incentives for setting up facilities at Nagpur would include cheaper aviation fuel, tax holidays and land and infrastructure support.
10/04/06 Reuters