US aircraft maker seeks tax sops on import of jets

New Delhi: Major aircraft manufacturer in US Hawker Beechcraft on Thursday sought changes in India's import licence rules and demanded tax incentives on import of small and medium jets.
The company also said that India's import licence norms and "tax burden" act as deterrents to business.
Hawker Beechcraft, which opened a service centre here on Thursday, however, is planning to expand operations in India.
Noting that high tax burden impedes the growth of a sector, Hawker Beechcraft Corp (HBC) CEO Jim Schuster said higher levy affects the competitive environment needed to carry out business.
HBC's partner InterGlobe General Aviation CEO Nigel Harwood too stressed the need for a change in rules related to import licence.
HBC today inaugurated its first authorised service centre in collaboration with InterGlobe General Aviation -- a subsidiary of InterGlobe Enterprise -- here, that will cater to the needs of its aircrafts in India and in South Asia.
28/02/08 PTI/The Hindu

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Categories: Foreign Feb 2008, Indigo Airlines Feb 2008