Singapore: India should review its high fuel costs and aircraft tax policy to make it viable for small airlines to operate in the country, Canadian aviation company Bombardier said today.
“India has the highest fuel cost and taxes in the world and if not it is among the top two or three” which hits the profitability of smaller airlines, said Torbjorn Karisson, Bombardier’s Vice President for Commercial Aircraft Sales in Asia Pacific.
Expressing concern over operations of smaller airlines in India, Karisson said such airlines faced many challenges in the country.
He noted that the current system imposes additional tax on aircraft which has more than 76 seats.
India would need to review taxes and allow smaller airlines to operate planes with seat capacity between 29 to 149 passengers, Karisson told PTI at the Singapore Airshow.
14/02/14 PTI/Free Press Journal
To Read the News in full at Source, Click the Headline
“India has the highest fuel cost and taxes in the world and if not it is among the top two or three” which hits the profitability of smaller airlines, said Torbjorn Karisson, Bombardier’s Vice President for Commercial Aircraft Sales in Asia Pacific.
Expressing concern over operations of smaller airlines in India, Karisson said such airlines faced many challenges in the country.
He noted that the current system imposes additional tax on aircraft which has more than 76 seats.
India would need to review taxes and allow smaller airlines to operate planes with seat capacity between 29 to 149 passengers, Karisson told PTI at the Singapore Airshow.
14/02/14 PTI/Free Press Journal
