'Civil aviation policy in 5 months'

New Delhi: The Government's new civil aviation policy is expected to be ready in the next five months, the Civil Aviation Secretary, Mr Nasim Zaidi, said at an Assocham event on Wednesday.
Applicable for 10 years, this new policy will focus on attracting higher private sector investment into the ailing sector and improving the cost viability for the stakeholders. It will also look to set up a promotion board for air cargo.
“We have decided to frame a new civil aviation policy that will help meet the challenges of the next decade. The challenges are wide-ranging from viability of the sector to human resources. The policy will encompass all that,” Mr Zaidi said.
He added that his Ministry is also working on a “economic regulatory framework” for monitoring air fares. This would look more at legality of changes in fares by airlines and not work on fixing exact fares.
With debts mounting daily for airlines such as Air India and Kingfisher, the sector is under huge pressure from high fuel (ATF) prices and taxation.
14/12/11 Business Line

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Categories: Indian Aviation- In General Dec 2011