New Delhi: In what could be a blow to the regional connectivity scheme, the aviation regulator has stalled the entry of aircraft leasing companies into India by asking them to pay higher duties on imported planes.
The civil aviation ministry, which has been actively pushing for air connectivity to small cities and towns, now plans to take up the matter with the finance ministry to find a solution.
According to government rules, any company importing an aircraft has to inform the regulator whether it is bringing the plane for non-scheduled operations or personal use.
The rule does not mandate that the company importing the aircraft has to operate it —so, a leasing company can import aircraft in its name and lease to airlines involved in commercial operations.
03/01/17 Economic Times
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The civil aviation ministry, which has been actively pushing for air connectivity to small cities and towns, now plans to take up the matter with the finance ministry to find a solution.
According to government rules, any company importing an aircraft has to inform the regulator whether it is bringing the plane for non-scheduled operations or personal use.
The rule does not mandate that the company importing the aircraft has to operate it —so, a leasing company can import aircraft in its name and lease to airlines involved in commercial operations.
03/01/17 Economic Times
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