New Delhi: Contrary to the stand taken by airline majors such as Jet Airways and IndiGo over the proposal to replace the present 5/20 rule for overseas flying with a credit-based scheme, private airport operators GMR and GVK have urged the government to abolish the rule in its entirety.
The strong views of airport companies gives the much-needed support to start-up ventures Vistara and Air Asia India, in which the Tatas have substantial stakes. They have been lobbying for scrapping the restriction besides providing a basis for policy change to the government.
As per the present regulation, a domestic airline is eligible to launch international operation only after completing five years of operation locally and reaching a minimum fleet size of 20. The Centre wants to dilute this rule and allow a new airline to fly international routes in its very first year of operation by earning 200 crore domestic flying credits (DFCs).
16/02/15 Nirbhay Kumar/mydigitalfc.com
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The strong views of airport companies gives the much-needed support to start-up ventures Vistara and Air Asia India, in which the Tatas have substantial stakes. They have been lobbying for scrapping the restriction besides providing a basis for policy change to the government.
As per the present regulation, a domestic airline is eligible to launch international operation only after completing five years of operation locally and reaching a minimum fleet size of 20. The Centre wants to dilute this rule and allow a new airline to fly international routes in its very first year of operation by earning 200 crore domestic flying credits (DFCs).
16/02/15 Nirbhay Kumar/mydigitalfc.com
