New Delhi: The demise of Kingfisher along with the virtual collapse of SpiceJet may prove to be a boon for other Indian carriers as the aviation ministry looks at a series of sops — ranging from a tax holiday to cheaper loans — that read like an industry wish-list.
In addition, it is looking at the possibility of putting in place fare regulations — with a floor and a ceiling — in what looks like a throwback to the licence raaj.
Senior aviation ministry officials said they are drafting a note for Prime Minister Narendra Modi, which, among other things, advocates that airline payables to Airport Authority of India, oil companies and banks be "rescheduled to provide a longer payment/repayment period ". Needless to say the argument is not just about the stress on the airline industry but loss of "tens of thousands of jobs both directly and indirectly" and the impact on consumers — through an increase in air fares.
18/12/14 Saurabh Sinha/Times of India
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In addition, it is looking at the possibility of putting in place fare regulations — with a floor and a ceiling — in what looks like a throwback to the licence raaj.
Senior aviation ministry officials said they are drafting a note for Prime Minister Narendra Modi, which, among other things, advocates that airline payables to Airport Authority of India, oil companies and banks be "rescheduled to provide a longer payment/repayment period ". Needless to say the argument is not just about the stress on the airline industry but loss of "tens of thousands of jobs both directly and indirectly" and the impact on consumers — through an increase in air fares.
18/12/14 Saurabh Sinha/Times of India
