Thursday, October 13, 2016

Regional air link scheme may use e-auction path

The civil aviation ministry will start the bidding process of routes under the regional connectivity scheme (RCS) from early next month and it has sought the coal ministry’s suggestions on e-auctioning.

The government will unveil the final RCS policy soon after which it will invite bids from the airlines wanting to fly on regional routes.

The Airports Authority of India (AAI), the nodal body entrusted to implement the ambitious scheme, has written to the coal ministry to share its experience on the modus operandi of the coal block e-auction process.

The civil aviation ministry will do the bidding of the routes through state-owned Metal and Scrap Trading Corporation (MSTC) — the body which conducts the coal mine and iron ore auction. A senior MSTC official confirmed the development and said the corporation was in the final stages of setting up the portal for the bidding process.
12/10/16 Arindam Majumder/Business Standard
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