New Delhi: In a significant move, the Civil Aviation Ministry on Friday pitched for hiking FDI beyond 50 per cent in the sector in case the open skies policy is implemented, but its stand on scrapping the 5/20 Rule remained ambigous.
The ministry released a revised draft policy on civil aviation in the country, where it spoke about liberalising bilateral rights leading to greater ease of doing business and wider choice to passengers.
It is also looking at open skies policy on reciprocal basis with SAARC, and countries beyond a 5,000 km radius from New Delhi. “Unlimited flights above the existing bilateral rights will be allowed directly to and from major international airports within the country as notified by MoCA from time-to-time,” it said. “Open skies agreement with countries lying partly or fully within the 5,000 km radius from New Delhi will be considered with effect from April 1, 2020, on a reciprocal basis,” the draft policy said.
31/10/15 Deccan Herald
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The ministry released a revised draft policy on civil aviation in the country, where it spoke about liberalising bilateral rights leading to greater ease of doing business and wider choice to passengers.
It is also looking at open skies policy on reciprocal basis with SAARC, and countries beyond a 5,000 km radius from New Delhi. “Unlimited flights above the existing bilateral rights will be allowed directly to and from major international airports within the country as notified by MoCA from time-to-time,” it said. “Open skies agreement with countries lying partly or fully within the 5,000 km radius from New Delhi will be considered with effect from April 1, 2020, on a reciprocal basis,” the draft policy said.
31/10/15 Deccan Herald
