New Delhi: Demanding a slew of measures in the Union Budget including reduction of taxes and continuation of the existing norms for starting international operations, the airline industry has said such steps will give a boost to the ailing sector.
"The government policy of 5/20 criteria (five years domestic operations and 20 plane in the fleet) to start international routes as stated in the 2009 guidelines should continue and no change should be permitted or made to this rule," the Federation of Indian Airlines (FIA) said in its submission on budget demands to the Finance Ministry recently.
The FIA, which is the umbrella organisation of the domestic airlines, has also called for seting up a dedicated fund for scheduled airlines.
Such a corpus would help the airlines in availing long-term loans for aircraft purchase at low-cost interest for a greater maturity period, it said.
12/02/15 PTI/Economic Times
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"The government policy of 5/20 criteria (five years domestic operations and 20 plane in the fleet) to start international routes as stated in the 2009 guidelines should continue and no change should be permitted or made to this rule," the Federation of Indian Airlines (FIA) said in its submission on budget demands to the Finance Ministry recently.
The FIA, which is the umbrella organisation of the domestic airlines, has also called for seting up a dedicated fund for scheduled airlines.
Such a corpus would help the airlines in availing long-term loans for aircraft purchase at low-cost interest for a greater maturity period, it said.
12/02/15 PTI/Economic Times
