Mumbai: After allowing foreign airlines to invest up to 49% in domestic carriers, the government is now considering a plan to relax the minimum requirements for Indian carriers to fly overseas.
Till now, the domestic airlines were required to have 20 aircraft and five years of flying experience in the domestic regions. Civil Aviation Minister Ajit Singh told reporters in New Delhi on Friday that a plan is being considered to relax these norms.
According to analysts, none of the existing airlines will really benefit even if the norms are eased as most of the airlines have already completed five years in the domestic market. However, new players are set to benefit.
GoAir, which currently does not have 20 aircraft has applied for a waiver to be authorised to operate flights internationally.
22/09/12 Yuga Chaudhari/Daily News & Analysis
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Till now, the domestic airlines were required to have 20 aircraft and five years of flying experience in the domestic regions. Civil Aviation Minister Ajit Singh told reporters in New Delhi on Friday that a plan is being considered to relax these norms.
According to analysts, none of the existing airlines will really benefit even if the norms are eased as most of the airlines have already completed five years in the domestic market. However, new players are set to benefit.
GoAir, which currently does not have 20 aircraft has applied for a waiver to be authorised to operate flights internationally.
22/09/12 Yuga Chaudhari/Daily News & Analysis
