Tuesday, August 19, 2014

Aviation industry makes fresh bid for aircraft management companies

Hyderabad: Last year, a New Delhi-based entrepreneur purchased two twin-engine DO 228 aircraft to start an air charter business. But due to the delay in getting the Air Operator Permit from the Director General of Civil Aviation his venture took off after about eight months.

In the last two years at least 16 business jets and 30 helicopters have been sold away or have exited from the Indian national register as non-scheduled air operators have to steer through a maze of regulatory rings to keep their fleet flying. Even large operators, including corporates such as L&T, Jindal, Reliance Infrastructure and Essar, have pared their aircraft fleet — which included Beechcraft, Hawker and Caravan aircraft and helicopters — due to these hassles.

Quoting these examples, the Business Aviation Operators Association says that these regulatory complexities could be simplified if India has a regulatory framework for Aircraft Management Companies, as in other countries.
19/08/14 Amit Mitra/Business Line
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