Thursday, April 07, 2011

Airlines 'confused' at SC directive on signing MoU

Airlines have expressed displeasure at the supreme court directives on signing memorandum of understanding (MoU) for ground handling policy, reports CNBC-TV18's Mehak Kasbekar. Calling it confusing, airlines say that the MoUs will take six weeks to be prepared and implemented and another 6-12 months for transition to the new policy.
Earlier the government had said that it will be contempt of court if airlines do not sign the MoU. The airlines have been given four week’s time to sign the MoU.
However, airlines are reluctant to shift to new policy without proper checks. The airline companies are concerned that insurance premiums will go up on third party handling.
06/04/11 CNBC-TV18/Moneycontrol.com
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