Thursday, August 04, 2016

Small and medium jet manufacturers seek relief on import duty, regulatory norms

New Delhi: With the Indian aviation sector expanding fast to become the third-largest in the world by 2020, after the US and China, leading manufacturers of small-and medium-sized jets such as Bombardier Inc., Gulfstream Aerospace and Dassault Falcon have urged the Indian government to reduce and rationalise import duties on these planes. In addition, they also want an ease in regulatory norms for leasing these aircraft.
A senior civil aviation ministry official, requesting anonymity, said quite a few business jet manufacturers have been lobbying for a reduction in import duties and removal of regulatory bottlenecks, which are hindering their India plans.
India currently operates close to 550 small jets from key manufacturers, including Bombardier Inc., Gulfstream Aerospace, Dassault Falcon and Hawker Aircraft Ltd, among others, who are either running chartered operations or whose aircrafts are used by corporate houses and high net worth individuals.
“They see a big opportunity in our aviation expansion plans such as the regional connectivity scheme (RCS). We are already discussing the issue with the Directorate General of Civil Aviation and it would soon look into their concerns,” said another aviation ministry official who did not want to be named.
04/08/16 Sanjay Singh/VCCircle
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