The government plans to revise a rule which requires local airlines to have least five years of operational experience and 20 aircraft in their fleet before flying overseas.
Minister of State for Civil Aviation Mahesh Sharma on Tuesday said there are plans to revise the existing '5/20' rules for Indian carriers to operate international flights.
"The reason for the revision include addressing the imbalance between Indian and foreign carriers in utilisation of bilateral traffic rights," he told the Rajya Sabha in a written reply.
To a query on whether abolishing this eligibility criteria would expedite utilisation of bilateral rights, the minister replied in the affirmative.
"Operation of more airlines on international routes can address the imbalance in utilisation of bilateral traffic rights in various markets where the Indian carriers are not matching up to the capacity deployment of foreign carriers," Sharma said in another written reply.
In 2014, Indian carriers utilised 32 per cent of the traffic rights on international routes against total entitlements available while the utilisation by foreign airlines stood at 62 per cent during the same period.
11/03/15 Business World
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Minister of State for Civil Aviation Mahesh Sharma on Tuesday said there are plans to revise the existing '5/20' rules for Indian carriers to operate international flights.
"The reason for the revision include addressing the imbalance between Indian and foreign carriers in utilisation of bilateral traffic rights," he told the Rajya Sabha in a written reply.
To a query on whether abolishing this eligibility criteria would expedite utilisation of bilateral rights, the minister replied in the affirmative.
"Operation of more airlines on international routes can address the imbalance in utilisation of bilateral traffic rights in various markets where the Indian carriers are not matching up to the capacity deployment of foreign carriers," Sharma said in another written reply.
In 2014, Indian carriers utilised 32 per cent of the traffic rights on international routes against total entitlements available while the utilisation by foreign airlines stood at 62 per cent during the same period.
11/03/15 Business World
