According to a report by Mihir Mishra in The Economic Times, Indian airlines not utilising their quota of foreign flying rights may have to surrender them within the next six months. The Ministry of Civil Aviation (MoCA), Government of India has decided to take back unused overseas flying rights and allot them to airlines with firm plans, especially to West Asia destinations.
The move will also benefit new carriers AirAsia India and Vistara after the government abolishes the eligibility criteria for domestic airlines to fly abroad. With Air India Ltd., Jet Airways (India) Ltd., SpiceJet Ltd., and IndiGo—the only airlines allowed to fly overseas—using only about 35 per cent of their entitlements, the Ministry has, for the first time, also decided to take them back before the mandated three-year period.
Currently, unutilised rights are reviewed after three years and airlines can retain them further by providing an assurance that they will be used.
19/02/15 TravelBizMonitor
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The move will also benefit new carriers AirAsia India and Vistara after the government abolishes the eligibility criteria for domestic airlines to fly abroad. With Air India Ltd., Jet Airways (India) Ltd., SpiceJet Ltd., and IndiGo—the only airlines allowed to fly overseas—using only about 35 per cent of their entitlements, the Ministry has, for the first time, also decided to take them back before the mandated three-year period.
Currently, unutilised rights are reviewed after three years and airlines can retain them further by providing an assurance that they will be used.
19/02/15 TravelBizMonitor
