A bill to replace the DGCA by a new aviation regulator with full operational and financial autonomy is likely to be tabled in Parliament in the next part of the Budget Session starting later this month, official sources said today.
The bill would establish the new regulator, to be called the Civil Aviation Authority (CAA), which would replace the Directorate General of Civil Aviation and administer and regulate civil aviation safety and managing safety oversight over air transport operators, air service navigation operators and operators of other civil aviation facilities. Interestingly, the proposed CAA, like the DGCA, would also deal with matters relating to financial stress on safety of air operations, as witnessed in connection with the closure of the bankrupt Kingfisher Airlines in October last year.
03/04/13 PTI/moneycontrol.com
