Saturday, September 19, 2015

Air Kerala Waits in the Wings

Kochi: It seems the air is getting cleared for the ambitious Air Kerala project of the Kerala Government as the Prime Minister has favoured scrapping of the 5/20 eligibility rule.

Aviation experts say the rule will be scrapped sooner or later. The 5/20 rule bars Indian carriers from flying overseas until they complete five years of domestic service and have a fleet of 20 aircraft.  If the rule is scrapped, Air Kerala project is likely to get wings. “We came to know about the development through media reports. For three years now we have been hearing that the 5/20 rule will be scrapped but it did not happen. It is too early to make a comment about the fate of Air Kerala project as of now. When the picture is clear we will be able to take a final decision about the project,” Cochin International Airport Ltd MD V J Kurian told Express.
CIAL had launched the fully-owned subsidiary, Air Kerala International Services Ltd, in 2006, to start international flight operations mainly to the Gulf region. The company was a public limited one with a paid-up share capital of Rs 1.06 crore.
19/09/15 New Indian Express
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