New Delhi: Even as a majority of stakeholders in the aviation industry hold the easing of foreign idirect investment (FDI) norms would bring in capital and expertise for the domestic sector, developing Indian airports as air traffic hubs would largely depend on the terms of agreement between foreign airlines and Indian carriers, reveals a survey.
As many as 90 per cent of those surveyed by industry body Federation of Indian Chambers of Commerce and Industry in association with EY, say the government has a critical role to ensure that Indian airlines have a level-playing field in bilateral arrangements so that an unduly large share of air traffic is not taken away by foreign carriers.
While 59 per cent of the respondents feel recent policy initiatives such as allowing direct import of aviation turbine fuel (ATF), abolition of the aircraft acquisition committee (AAC), permitting flexi use of military and civil airspace and development of airports in tier-II and tier-III cities to boost regional connectivity are “positive measures”, implementation of these programmes would be key for growth.
09/09/13 Business Standard
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As many as 90 per cent of those surveyed by industry body Federation of Indian Chambers of Commerce and Industry in association with EY, say the government has a critical role to ensure that Indian airlines have a level-playing field in bilateral arrangements so that an unduly large share of air traffic is not taken away by foreign carriers.
While 59 per cent of the respondents feel recent policy initiatives such as allowing direct import of aviation turbine fuel (ATF), abolition of the aircraft acquisition committee (AAC), permitting flexi use of military and civil airspace and development of airports in tier-II and tier-III cities to boost regional connectivity are “positive measures”, implementation of these programmes would be key for growth.
09/09/13 Business Standard
