Centre to relax minimum requirements for carriers to fly overseas
New Delhi: The government will relax the minimum requirements for Indian carriers to fly overseas, India's civil aviation minister said on Friday.
The new rules will relax current norms of a minimum requirement of 20 aircraft and five years of experience for airlines, minister Ajit Singh said. Last week, government eased foreign ownership caps on airlines, allowing foreign carriers to buy stakes of up to 49 percent in domestic carriers.
The Board of Directors of Air Kerala which met recently in Kochi had decided to launch the service with an initial capital of Rs. 200 crore. The Union government's decision in granting relaxation would help Kerala Airways to start international operations sooner than expected
New Delhi: The government will relax the minimum requirements for Indian carriers to fly overseas, India's civil aviation minister said on Friday.
The new rules will relax current norms of a minimum requirement of 20 aircraft and five years of experience for airlines, minister Ajit Singh said. Last week, government eased foreign ownership caps on airlines, allowing foreign carriers to buy stakes of up to 49 percent in domestic carriers.
The Board of Directors of Air Kerala which met recently in Kochi had decided to launch the service with an initial capital of Rs. 200 crore. The Union government's decision in granting relaxation would help Kerala Airways to start international operations sooner than expected
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