Friday, September 18, 2015

PM Narendra Modi favours scrapping of 5/20 rule for Indian airlines

New Delhi: Vistara and AirAsia India may soon be able to fly international, as Prime Minister Narendra Modi has favoured scrapping of the 5/20 eligibility rule that bars Indian carriers from flying overseas until they complete five years of domestic service and have a fleet of 20 aircraft.

The PM made his views clear during a meeting on August 25 to discuss the new civil aviation policy, which is being formulated. Removal of the 5/20 rule is part of the proposals. The meeting was also attended by ministers of civil aviation, finance and skill development & entrepreneurship, as well as top officials of the aviation ministry.
Modi told the meeting that the rule should go and no alternative should be introduced, said an official who attended the meeting.
18/09/15 Mihir Mishra/Economic Times
To Read the News in full at Source, Click the Headline