FDI norms may be relaxed in civil aviation, air safety deal with US likely

New Delhi: The government is planning to relax the foreign direct investment (FDI) norms for the civil aviation sector. There are indications that it may enhance the 49 per cent FDI limit in areas such sea-planes, helicopter services and non-scheduled operations.
Besides, the government is also examining a bilateral-aviation safety agreement with the United States. India and the US,
which have an open skies agreement, also initialled a memorandum of understanding to establish the US-India Aviation Cooperation Programme (ACP) for providing unified communication between the governments and private sector entities. The programme would focus on supporting activities relating to air traffic, air space management, expanding airport facilities, installing airport security and monitoring systems and enforcing airworthiness certification and regulatory systems.
The “open skies” agreement with the US had paved the way for a reduction in fares and increased flights between the countries.
23/04/07 Gaurav Choudhury/Hindustan Times

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Categories: Foreign Apr 2007, General Aviation Apr 2007, Safety Apr 2007