‘Aatma Nirbhar Bharat': Some reform boosters but no package for civil aviation
In her forth tranche of economic reforms under the Aatma Nirbhar Bharat, finance minister Nirmala Sitharaman on Saturday announced some key reform measures for the civil aviation sector to boost its growth prospect, but no relief or stimulus package was offered for the sector to help airlines grounded by lockdown and facing demand shock caused by Covid-19.
The new measures are part of the government’s stimulus package worth ₹20 lakh crore announced earlier by Prime Minister Narendra Modi to help to the Indian economy and its various segments that have been hit hard by the COVID -19 and the lockdown measure that followed.
The Finance Minister has announced that restrictions on the utilisation of the Indian airspace will be eased for the civil aviation sector. She stated that at present only 60 per cent of the country’s airspace is freely available for the use of the civil aviation, which is expected to benefit the civil aviation sector in the tune of about Rs 1,000 crore annually from easing of restrictions on the utilisation of the air space.
The measure will also facilitate optimum use of airspace, reduce flying distance and time, and save fuel, ultimately benefiting airlines as well as flyers.
The FM also announced steps to make India a global hub for aircraft Maintenance, Repair & Overhaul (MRO). She announced rationalization of tax regime for aircraft maintenance, repair and overhaul.
The FM also announced that the government would privatise six more airports through auction.
You might also like
Emirates celebrates 10 years of connecting Ahmedabad to the world
Emirates has celebrated 10 years of successful operations to Ahmedabad, the largest city in the state of Gujarat, India. Since its inaugural flight in October 2007, Emirates has carried over
Kinshasa joins flydubai’s growing network in Africa
Dubai-based carrier to start operating daily flights to the Congolese capital from 15 April with an en-route stop in Entebbe Carrier grows network in Africa to 13 destinations in 10 countries Dubai-based flydubai
On-time performance: Air India chief says will act on those who fail to act
The OTP of Air India’s domestic flights from four metro airports stood at 65.5 per cent in July, way lower than many other local carriers, as per to official data.
