Saturday, July 06, 2019

Vizag may gain from relaxed FDI norms for aviation sector

Visakhapatnam: The finance minister’s proposed relaxation in FDI norms for aviation might act as a boon for small airports like Visakhapatnam, Vijayawada and Rajahmundry.

All airports in the state are plagued with regular withdrawing of flights by different airlines. Last year, six flights, including an international one, were cancelled at Visakhapatnam Airport itself. Silk Air has announced to withdraw its Visakhapatnam-Singapore operation from October. Aviation experts feel more foreign investment may mean an improvement in this situation.

“Relaxation of FDI norms may see more foreign airlines investing in India. Number of flights would increase after this. With sectors connecting the metro cities saturated, airlines would definitely operate short-haul flights connecting smaller airports,” said an official working with Indigo.
06/07/19 Arpit Basu/Times of India
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