New Delhi: The ongoing 49th conference of Director-Generals of Civil Aviation (DGCAs) of the Asia-Pacific region, being held in the Capital, provides a great opportunity for India to learn from what others are doing to tackle the twin issues of financial viability and airline safety.
From neighbouring Sri Lanka and Pakistan to the tiny island nations of Singapore and Australia, all seem to believe that financial stress in airlines could have a bearing on operational safety.
“Of course, there is a co-relation. Arrey Bhai, jitni shakkar dalo, utni hi mithas ayagee (the more sugar you add, the sweeter will be the product). In Pakistan, I do not directly look at financial aspects of airlines, but we do not give a licence to an airline if it has less than three aircraft,” said Nadeem Khan Yousufzai, Director-General Pakistan Civil Aviation Authority.
Concurring with his views, Sri Lanka’s DGCA and Chief Executive Officer, H.M.C Nimalasiri, said that financial stress could lead to a situation that could hurt the interest of the travelling public. He said while currently there was no department looking into the finances of airlines, the island nation’s Government had initiated a process of setting up a body to look into this aspect of airline operations. In Australia, apart from the DGCA, there is the Australian Securities and Investment Commission that looks into financial issues across sectors.
09/10/12 Aswini Phadnis/Business Line
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From neighbouring Sri Lanka and Pakistan to the tiny island nations of Singapore and Australia, all seem to believe that financial stress in airlines could have a bearing on operational safety.
“Of course, there is a co-relation. Arrey Bhai, jitni shakkar dalo, utni hi mithas ayagee (the more sugar you add, the sweeter will be the product). In Pakistan, I do not directly look at financial aspects of airlines, but we do not give a licence to an airline if it has less than three aircraft,” said Nadeem Khan Yousufzai, Director-General Pakistan Civil Aviation Authority.
Concurring with his views, Sri Lanka’s DGCA and Chief Executive Officer, H.M.C Nimalasiri, said that financial stress could lead to a situation that could hurt the interest of the travelling public. He said while currently there was no department looking into the finances of airlines, the island nation’s Government had initiated a process of setting up a body to look into this aspect of airline operations. In Australia, apart from the DGCA, there is the Australian Securities and Investment Commission that looks into financial issues across sectors.
09/10/12 Aswini Phadnis/Business Line
