New Delhi: “We will not allow a repeat of Kingfisher,” Civil Aviation Minister Ashok Gajapathi Raju said on Sunday alluding to the collapse of the airline founded by Vijay Mallya, who left India recently after running debts of some Rs 9,000 crore.
The government was open to “light handholding” should any airline face financial crunch, he said answering questions during an interview to PTI.
Raju recalled that when Spicejet found itself in trouble in early 2015, the government lent a helping hand and also saved jobs.
Listing out plans to boost growth of the aviation sector, he said government will push for significant expansion of the air cargo considering its huge potential in view of growth of e-commerce and related sectors.
He said government was working on a policy initiative to ensure that the air cargo sector “leapfrogs” and helps further growth of the domestic aviation market, considered one of the largest in the world.
Air cargo makes up for just around 29 per cent of total Indian cargo in terms of value and improving the clearance process is key for the sector’s growth.
A recent report by leading consultancy firm Ernst and Young said high dwell time for the import cargo is the major concern area across all six major international airports in the country, with the average period ranging between 4 and 9 days. Dwell time refers to time taken for clearance of cargo after landing at airports.
12/06/16 PTI/Indian Express
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The government was open to “light handholding” should any airline face financial crunch, he said answering questions during an interview to PTI.
Raju recalled that when Spicejet found itself in trouble in early 2015, the government lent a helping hand and also saved jobs.
Listing out plans to boost growth of the aviation sector, he said government will push for significant expansion of the air cargo considering its huge potential in view of growth of e-commerce and related sectors.
He said government was working on a policy initiative to ensure that the air cargo sector “leapfrogs” and helps further growth of the domestic aviation market, considered one of the largest in the world.
Air cargo makes up for just around 29 per cent of total Indian cargo in terms of value and improving the clearance process is key for the sector’s growth.
A recent report by leading consultancy firm Ernst and Young said high dwell time for the import cargo is the major concern area across all six major international airports in the country, with the average period ranging between 4 and 9 days. Dwell time refers to time taken for clearance of cargo after landing at airports.
12/06/16 PTI/Indian Express
