Civil Aviation Minister Ashok Gajapathi Raju said Thursday the current business environment is tough for doing aviation business in India and that the current regulations are not helping the sector.
"Existing regulations are not helping the Indian aviation sector. We are focusing on removing some of the bottle necks that are affecting the sector," Gajapathi Raju said here.
The minister was speaking at a ceremony in which Air India and National Buildings Construction Corporation (NBCC) entered into an agreement for monetisation of the airlines' surplus land assets.
The minister further said that the current taxation on fuel and regulations that limit airline operations have hampered the growth of the sector.
"We have to focus on removing bottle necks for the sector and make it sustainable again," Raju said, adding that the latest news about the losses made by budget carrier SpiceJet was like getting a 'heart attack'.
The minister further said that sector has suffered with the closure of Kingfisher Airlines and that financial health of other airlines was also not well right now.
04/12/14 IANS/Business Standard
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"Existing regulations are not helping the Indian aviation sector. We are focusing on removing some of the bottle necks that are affecting the sector," Gajapathi Raju said here.
The minister was speaking at a ceremony in which Air India and National Buildings Construction Corporation (NBCC) entered into an agreement for monetisation of the airlines' surplus land assets.
The minister further said that the current taxation on fuel and regulations that limit airline operations have hampered the growth of the sector.
"We have to focus on removing bottle necks for the sector and make it sustainable again," Raju said, adding that the latest news about the losses made by budget carrier SpiceJet was like getting a 'heart attack'.
The minister further said that sector has suffered with the closure of Kingfisher Airlines and that financial health of other airlines was also not well right now.
04/12/14 IANS/Business Standard
