Tuesday, September 18, 2018

Vistara may not get to fly overseas just yet, says report

Tata-Singapore airline joint venture Vistara may not get approval to fly overseas as it is yet to complete five years in the aviation industry, The Economic Times reported.
The aviation ministry is not keen on giving permission to the airline as there is an inquiry into the relaxation of overseas flying norms by the Central Bureau of Investigation (CBI), reported ET on Tuesday.
“We are trying to understand as to how would a CBI inquiry into the relaxation of 5/20 impact any move to allow airlines to fly internationally under the 0/20 rule,” sources told the paper.
The norms stated earlier allowed Indian airlines to fly overseas only after a domestic flying experience of five years and after attaining a fleet of 20 aircraft. However, these norms were relaxed in June 2016 to just 20 aircraft fleet.
The source told the paper that the bigger concern is that the agency is also inquiring about the procedure followed by this government. The CBI is inquiring into the AirAsia India’s case where alleged pay-offs to government officials and lobbyists had been done to do away the older norms.
18/09/18 CNBC-TV18
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